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Reply to "How much does a significant expansion on a cape cod home cost?"
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[quote=Anonymous][quote=Anonymous]Interesting. With the small starter homes in Bethesda going for 1.1M, it seems like it doesn’t make sense to plan to buy one and add on. If the ultimate cost is closer to 1.7M you may as well just buy new. It might make sense for somewhere farther out where the small home value is lower.[/quote] PP who renovated/added on here - the above is true, but we'd been in our small old house for 15+ years so we paid much less than the current prices. But the differential to tear down or buy a new build was at least twice what it cost us to completely rehab and expand our current home. And for what it would have cost to trade up to a slightly bigger, slightly more updated house, it made much more sense to renovate our existing space for what we needed.[/quote]
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