Demolition, a cost no one thinks about until disaster strikes!
There are so many different variables to the problem of demolition that you may have for your particular demolition situation, that this issue can be nearly impossible to address.
There are a wide variety of questions involved with demolition to give a good answer. Are there environmental issues? Asbestos? Buried fuel tanks? Chemical spills or even tar run-off from burned tires? What are you intending to do with the debris? Can any portion of the foundation remain or will you require everything to be removed? Is there anything salvageable that might have value and offset the costs? What is the construction method? Does demolition include removal of asphalt or just the building? Is site restoration part of the project?
The demolition of certain parts of a building and equipment does not necessarily involve destroying the entire structure. Sometimes, the exterior/interior walls, floors, equipment and ceilings may not be damaged.
There are also many issues in real demolition costs that you really have to take them on one at a time. You can’t see these demolition costs when you are thinking about purchasing insurance for your building, but you might want to consider some of the issues described in this article to keep you aware of demolition costs as part of your real construction cost.
The cost of most demolition permits is relatively inexpensive running between $15 and $25. Sometimes, there are additional fees in demolition for things such as inspection of the power disconnection and to cap off water and sewer lines at the property.
In addition, a permit for encroachment may be necessary to abandon the sewer line at the main. A licensed plumbing contractor will be needed for this.
Municipal fees may be collected if the property will be developed in a timely manner. The water will have to be shut off at the property boundary. However, if the property will not be developed after demolition, you can shut off the water at the main.
How does this apply to you? You need Official Asset Appraisers to examine your particular situation to determine the demolition costs which you will require in defining your real construction costs. Otherwise, you could be spending too much money on premiums, or not enough. Either way these issues will be covered when you call Official Asset Appraisers to answer your questions, and appraise your building for the Real Construction Cost.
demolition
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