Teardown vs. Renovation

[Cory Mortensen]

I am trying to decide what is best to do, a teardown and new construction, or do the renovation.

I had the thought to do a teardown because the layout is terrible. It's 1000 sf and on a decent sized lot and could get for $165k less than ARV.

Thoughts?

Also looking for GC's and people to help with design and the actual reno.