I’ve heard that leaving one wall up like this classifies a construction project as a renovation. I’m guessing this was done because it was cheaper or it’s in a historic district? Idk
I’ve heard the same. If a property is ‘renovated’, it retains the same value, tax wise, no matter how much larger the renovated building is.
Not sure how this plays out with a formerly tax exempt property like a church once it get converted into a non-tax exempt property such as a residential apartment building.
I’ve heard that leaving one wall up like this classifies a construction project as a renovation. I’m guessing this was done because it was cheaper or it’s in a historic district? Idk
I’ve heard the same. If a property is ‘renovated’, it retains the same value, tax wise, no matter how much larger the renovated building is.
Not sure how this plays out with a formerly tax exempt property like a church once it get converted into a non-tax exempt property such as a residential apartment building.
If that’s renovation anything can be called renovation.
in old towns, unless the construction method itself has historical importance, they just keep the facade and build behind.