Hi, I'm thinking of renovating our house (adding 1 master bedroom and 0.5 bath for guest to use). I also plan to make minor adjustments to our guest quarter. The total expansion is about 450 square feet. Do you guys happen to know the price per square foot for this kind of project? #bayarea
Anywhere between 300-500K.
You mean from 300 to 500$ per square foot?
Oops yeah. If you have an older home, you may have to even fix some parts of the existing structure (e.g., rewire the whole electrical and bring them up to code, fix a sagging foundation...) before the expansion. The builders might recommend stuff like that to do things right. Also don’t forget your materials cost.
You have to get permits, and that's going to take a lot of effort and money especially if you are doing something structural.
Yes. We are looking into it. Do you know the price per square foot?
Where in bay
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Typically around $200 per square ft. Plus design and approval cost. I had to back out after I found out build vs upgrade.
Thanks for the input! Could you explain more why you backed out? I would love to learn from you.
It depends on your location, and return per square foot. You have to make sure if you sell, you get back more than your construction cost. I could not break even.