Securely Replacing a House question

So I was an idiot and while scouting housing spots I accidentally placed a house. I demo'd that house instantly but that in turn made my main house "condemned".  

Theres an option in the house sign, "securely replace this house." If i choose that option and replace my house, will it act like a new house and not be condemned since the old one is gone? Im not sure if this would be a quick fix to the condemned problem.
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