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What is a Knockdown?

In real estate, a "knockdown" typically refers to a property that is in such a poor state of repair that it would be more cost-effective to demolish it and rebuild a new structure.

These properties often have:

  • Severe structural damage: This could include foundation issues, rot, or significant water damage.

  • Outdated or inadequate features: The property may have outdated plumbing, electrical systems, or floor plans that are not suitable for modern living.

  • Environmental hazards: The property may be contaminated with hazardous materials, such as asbestos or lead paint.

Buying a knockdown property can be a risky investment, as it often requires significant renovations or demolition before it can be occupied. However, it can also be a way to acquire property in a desirable location at a lower price than a move-in-ready home.


Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com




brick house with front porch
brick house with front porch

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1 Comment


Knowing about "Knockdown", it was new for me but I am glad to enhance new information.


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