Hi all,
I am planning to knock down an old bungalow and rebuild it. The footprint stays large the same with some extension to the rear. I was planning to get rid of the old foundation and lay a new one. However, the structural engineer thinks that the existing foundation is ok and there is no need to replace it. He says that one of the benefits of building on the existing foundation is that it would not be considered a new home and I would not need to pay for a 10-year new build warranty.
I haven't decided yet if I am keeping the existing foundation or not. But if we dismiss the structural part, what are the pros and cons of building on existing foundations? Is it true that I will not need the 10-year new-build warranty? Are there any other consequences?