We live in a modest colonial in the Bethesda/Chevy chase area. We'd like to do a 2 story bump out (family room and kitchen on the first floor, master suite on the second). Don't need high end finishes/fixtures. How much do you think this would cost in 2013? |
200K? |
Wouldn't the kitchen alone be $100k+, the mbr suite bath be $35k--excluding the cost of constructing the new space? |
300k? |
We did this recently and it was $400k. We got six bids from reputable contractors and they were all the same ballpark. |
250 per sq ft, $300 more likely, kitchen extra. Add in a good chunk of existing sq ft tht needs work too since you can't just tack on.
Ballpark, its $300 to $400. |
For anything over 300k I, would tear down |
Wow, I don't know the specific area, but that seems crazy high to me. Friends built a 3500 sf house in Vienna (on a tear down lot) for $350k, excluding the cost of the lot. |
We are in AU park and are budgeting about 350$ K for something like this. In a related question, how far in advance do people start planning (getting quotes) for something like this? |
Exactly and you will make more money |
I really think it depends on your contractor. We talked to a reputable contractor in Anne Arundel County, MD who works in the DC area. The estimate for what described above was about $200K. We know he's good b/c my dad is a brick mason in AA County and they do a lot of work together. We had a stone fireplace (huge) put in in Chevy Chase, MD for $7K using a AA County brick mason. Look farther than DC Metro area for a contractor. |
We did similar work about 5 yrs ago including kitchen and spent about $325k in McLean. |
very close to getting ripped off hopefully all metals are solid platinum and diamond counters |
Agree that if the reno estimates are over $300K it's time to tear down and start anew. You'd actually get a cheaper house that way. A lot more work goes into renovating than building from scratch at times. Once you hit the $300K mark, all bets are off. It's no longer worth trying to maintain the integrity of older structures/systems. You're pretty much ripping it all out any way. |
Enough with the tear down lovers. In our close in desirable neighborhood, we have one tear down and the new owners paid $800k for the crappy house on a smallish lot. Not everyone sees rip off after $300k. |