Can I tear down and rebuild?So my wife and I purchased a home on a beautiful piece of property in North Central Texas. We love the location, love the schools, love the property, but the house......not so much. The house is dated, metal roof with no decking, very energy inefficient, outdated windows, floors, floor plan, kitchen cabinets need replaced, etc., etc. We are wondering if anyones knows if it's possible to go through our lender and justify tearing the old house down and rebuilding a new one? Would we then have 2 mortgages to pay? Is this even realistic? Thanks.August 06 2013 - Glen Rose00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.