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[quote=Anonymous]We recently did exactly what you described, including digging out the basement, in close-in MoCo and it cost around $375,000.  We used moderate to high-end finishes, but not super high-end and did some things to the existing house, like updating the powder room, refinishing all the floors, painting and replacing the roof.  We received multiple bids for the job and they were all around the same amount.

Use a reputable construction company.  I know people who have gone with the lower bidder, only to be stuck in construction hell for a year and a half.  A reputable builder should be able to do this kind of project in 6 months.  Also, don't forget to factor in costs like landscaping (when they bring in the equipment to dig out the basement and lay the foundation, most of your yard will be torn up), carpet for areas like the basement or a runner up the stairs, window treatments, rent/accommodations for the time period when the house is a construction zone- when you factor in these items, the actual cost of our project was well over $400,000.[/quote]

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