It's a common practice these days and it can be a big decision. The property might be the perfect location but that house is just not what you imagined as your dream estate. There is no doubt that demolishing it and building what you want does present an obvious loss of value. Here is a way to demolish your house while being environmentally responsible, and help your community at the same time. With a potential tax write-off of 70k or more your demo just got a bit more affordable.