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If you are planning to demo the existing building and start from scratch I reccommend hiring an architect rather than a contractor.
Reason 1) The architect already knows which contractors they work well with and can get the project going on schedule.
Reason 2) The value of the house will be higher due to the thought that the architect puts into the proper layout of the house rather than just slapping up a few rooms.
Reason 3) The architect will oversee the progress of the home so you can spend your time making money rather than yelling at contractors. They will get you all the permits you need, etc.
Reason 4) The overall cost can sometimes actually be cheaper when using an architect because they can avoid a lot of troubles you or the contractor might not know to look for.
I work in an architectural firm during the day so I'm a little biased.
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