How much the cost to rebuild a house in Kirkland WA?
For those who have rebuilt your house, can you please share the time and cost? We are considering to purchase a 70s house and rebuild it but not sure if that is a good strategy. We are looking at 3 bedrooms SFHs in Kirkland WA, but with our budget we can afford only the old houses thus have to consider this option. Thanks.
What do you mean by rebuild? Tear down old one and build a new one? Or renovate existing one? A new house will be $1M+ (I know someone who is building now at $600/sq.ft. and I doubt you'd find anyone willing to do anything for under $300/sq.ft.) If you want to renovate existing house cost will depend on what you actually want to do. Adding square footage will be much more expensive than just replacing kitchen countertops.
I poured a lot of time and energy into this towards the end of 2021 as buying was impossible with bidding wars. Average cost of building is ~$250/sq ft for builder grade and can go upto $400/sq ft for premium grade materials. Most people settle around $350/sq ft. This does not include demolition, new plan, permit and landscape. Also, these prices are an year old and with inflation, I expect them to have gone up. The biggest issue with this route is the availability and uncertainty. Most builders were 6 months to an year out just to start building and were quoting a timeline of 1-1.5 years for the build to finish. Ultimately its too much time, more expensive and very cumbersome to go this route and so we decided to pass.
Thanks very much. Curious about what was your final decision after that?
They said they decided to pass. So final decision was not to build I guess
$1.2m
How bad is the house? Bought ours last year - built in 72. Had to sink $200k into it but looks brand new now
Oh what kind of work did you do? Could you touch the wall much? How about the foundation?
We managed to get an inspection before purchasing - gave us a warm and fuzzy we wouldn’t run into major issues. Foundation was fine. Took out some walls in the upstairs (typical split level) Rest was cosmetic. New floors, new kitchen, one new bathroom, bunch of smaller vanity things. Had to do new electrical panel and some other “invisible” fixes that were about 10k each. Ours was FSBO so check into that. Owner was very willing to deal
70s houses are pretty well built. Should last you your lifetime
What does “rebuild” mean to you? And can you do the work yourself or will you hire it out?