Some Austinites can get upset when they see a home with age (i.e. built around 1930 or so) get torn down. Sometimes this tear down can cause anxiety, with the thought process being the builder/person doing the tear down has just removed a perfectly good house and will now develop/build a new structure that will be ugly and not part of the original fabric of the neighborhood. The animosity and the level of distrust can reach obscene proportions. The concern is directed at architects, contractors, qualified buyers and basically the newcomer to this cool City. Those "some Austinites" could be wrong.
It could be possible that the reason this project (and future home to a tax paying Austinite) made it to the chopping block is due to condition. This property might be in need of being demolished so "they" could rebuild. If the previous owner neglected the home maintenance every home is due, than that previous owner chose to make this home a potential candidate for lot value only.
The next owner will help value in the area by taking a potential eye sore away and building a better home with better energy efficiency.
Oh, and this increases your bottom line as well.
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