Anonymous wrote:Resurrecting the old thread here as I am searching for the costs of similar work.. So discouraging and depressing..
I cannot understand why it costs 100K to renovate ONE kitchen when entire tiny homes can be built for this price with kitchen and baths and roofs and floors and all that. Even inexpensive tile and fixtures now are nice looking. Renovations and additions costing 700k+ just blow my mind. You can buy an entire house for this price. In many places a new home would cost this or less. At some point it makes more sense to build a brand new home when your cost of remodel/addition approaches 1 mil![]()
Anyone decided to just get into more debt and build a new home for better resale value or are people still doing these crazy expensive renovations/additions with a risk that they won't recoup their money back (especially in areas with lots of new construction where any older home is likely to be worth only the land it sits on)
oAnonymous wrote:Anonymous wrote:More anecdata: we did a gut remodel and added about 500sf (plus a porch, portico & then some) 3 years ago and when all was said and done we spent ~$475k. We got a lot for our money - we also replaced all windows, doors, roof, all new Hardie, most of the flooring, 3 new baths, etc etc. Close-in MoCo but lower price neighborhood. Worked with an architect & GC; design-build priced much higher but perhaps in the end it wouldn't have been such a big difference.
One point I always note here: the fittings and fixtures can really add up: tile, faucets, counters, shower glass, lighting. Also factor in cost of moving out and back in as well as a rental house. We also needed new sod (the construction turned the yard into a mudpit) and I've spent a small fortune trying to DIY landscaping.
This sounds more reasonable and is very similar to what we paid almost 4 years ago. Our cost was closer to $400K. Gut reno of 2400sqft and added 600sqft in a new addition. New kitchen and 4 new baths.
Anonymous wrote:Anonymous wrote:More anecdata: we did a gut remodel and added about 500sf (plus a porch, portico & then some) 3 years ago and when all was said and done we spent ~$475k. We got a lot for our money - we also replaced all windows, doors, roof, all new Hardie, most of the flooring, 3 new baths, etc etc. Close-in MoCo but lower price neighborhood. Worked with an architect & GC; design-build priced much higher but perhaps in the end it wouldn't have been such a big difference.
One point I always note here: the fittings and fixtures can really add up: tile, faucets, counters, shower glass, lighting. Also factor in cost of moving out and back in as well as a rental house. We also needed new sod (the construction turned the yard into a mudpit) and I've spent a small fortune trying to DIY landscaping.
This sounds more reasonable and is very similar to what we paid almost 4 years ago. Our cost was closer to $400K. Gut reno of 2400sqft and added 600sqft in a new addition. New kitchen and 4 new baths.
Anonymous wrote:More anecdata: we did a gut remodel and added about 500sf (plus a porch, portico & then some) 3 years ago and when all was said and done we spent ~$475k. We got a lot for our money - we also replaced all windows, doors, roof, all new Hardie, most of the flooring, 3 new baths, etc etc. Close-in MoCo but lower price neighborhood. Worked with an architect & GC; design-build priced much higher but perhaps in the end it wouldn't have been such a big difference.
One point I always note here: the fittings and fixtures can really add up: tile, faucets, counters, shower glass, lighting. Also factor in cost of moving out and back in as well as a rental house. We also needed new sod (the construction turned the yard into a mudpit) and I've spent a small fortune trying to DIY landscaping.
Anonymous wrote:You’re looking at 1M easily if you go with your typical GC/design build firm in the area. If you take on a lot of the program management/GCing yourself you may get it down to 700-800. But you need to know a decent amount about construction to pull this off.
Anonymous wrote:We are starting to think about renovating our 1930s colonial. We think we'd also add some square footage but have no idea how much this might cost. Any data points from folks on the board?
We are in UNW, are hoping to work with an architect (we understand this is about 30 minus management), and think we will keep the existing structure but heavily remodel the 2500 or so sq ft and add another 1500- 2000 (this includes adding finishes to an existing walk up attic). Is this something that can be done under 500k?
Any data points in the last couple years would be super useful. (And contractor/architect recommendations).