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Watch This Old House online: Episode 4 The Manchester House - 4

With the new concrete walls poured, it's time to damp-proof them, just one more in a series of tasks that adds up to nearly $30,000 for the new foundation - which is simply the cost of building to code. Reviewing the immense amount of demolition done, and the work left to do, Steve asks the obvious: wouldn't it be cheaper, faster, and better to simply bulldose this tired old building and build a fresh replica? Our master carpenter and Tom have done the math, and while it might be simpler, it would cost about $1 million more than the planned renovation. Besides, adds Tom, we are saving the old place, which is worth something. After taking a tour of one of the great surviving Shingle style buildings, H. H. Richardson's Stonehurst in Waltham, Massachusetts, Steve comes back more convinced than ever that saving what little is left of the McCues' house is the right thing to do.

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