I'd have guessed that 200k to rip it down & build a new house that has great insulation - or even to just retrofit insulation and other upgrades to the existing building - would be expected to last longer before costing the same amount against to replace (and/or pricey maintenance/insurance of the more expensive PV, aircon etc.). And might therefore work out cheaper when looked at as a 50 year question rather than 1 year one?

I don't presume to know more than you, not only don't I know about your specific situation I also know very little about these subjects generally, I'm just curious.