I live in a single family house in the Bay Area, and I am considering a whole house remodel with major additions (have a big enough lot for that).
I live in an old 1500+ sq ft single story house with 3 beds. The plan involves adding 1250 sq ft to the house (new kitchen, office, new bed, new master bath with walk in closet), install new floor for the entire house, new plumbing, new electrical, new mechanical (Cooling and Heating), new roof, garage refinish, new stucco , new larger windows, repaint (inside and out), new sunlights and a total of 4.5 baths. There are few other changes, can’t list them all. Due to building code restrictions where I live, this will continue to be a single story house.
I have several quotes from licensed contractors. After eliminating outlier quotes on either extremes, I have a quote for $800K + cost of finished materials. The contractor is good, known to have done big jobs and comes with stellar references. I can afford this, but I want to make sure I am not being taken for a ride here.
If anyone has done a major remodel in recent times, would you mind sharing your thoughts on the quote? I understand prices have gone up recently, but want to make sure the quote makes sense given the size of the job in the Bay Area.
PS: We will move out during the remodel.
Blind tax : TC 600K-800K (haven’t paid close attention honestly).
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comments
I think 800+ for your scope is reasonable.
If u include these ur cost will go up since they are working with more sqft now (even though not everything’s done from scratch as in foundation changes etc) ur cost will go up
$500/sqft but it’s $700/sqft for u that’s a lot higher
If u do math: $700/sqft * 2000sqft home = $1.4mill (for a brand new home my friend at mission blvd, Fremont paid $2.5mill for 4000sqft - 2 floors = $625/sqft a year ago add inflation that’s $700/sqft)
Urs not brand new from foundation to everything = hope this gives u a good analogy or idea how much more ur per sqft cost is
Ur contractor cost is $700/sqft that’s double the cost in current market ($350-400/sqft is upside)
This is for south bay area.
Would you mind sharing your contractor’s name?