After how many years should a property be redeveloped?

Often old building require repairs repeatedly, so they are demolished to redevelop the property, constructing new buildings. After how many years should a property be redeveloped?

There is no definitive answer to this question as it depends on a variety of factors, including the age of the building, its condition, and the local zoning and building regulations. However, it's generally recommended that older buildings should be inspected regularly for signs of wear and tear, and any necessary repairs should be made as soon as possible. Additionally, building codes and regulations are updated periodically, and older buildings may no longer meet the current standards. Ultimately, the decision to redevelop a property should be made on a case-by-case basis, considering the specific factors involved.

Before a complex or building undergoes a redevelopment process, it should abide by specific criteria. Firstly, the complex should be more than 25 years old. Any project that is less than 25 years does not qualify for redevelopment. Secondly, the builder in-charge should declare the structure as dilapidated

The average life span of a house in the United States is about 50-70 years. Houses can last for decades if they are well-maintained and have been constructed with quality materials. A poorly built home may not last more than 20 years.

Market experts estimate that a modern residential building has a lifespan of 60 to 75 years, depending on the quality of the building's construction and the climate. While a new coat of paint needs to be done every 5–6 years, a house needs to be renovated every