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Old 12-15-2010, 08:35 AM
 
4 posts, read 13,187 times
Reputation: 11

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I asked this before but I need ask more. I want to remodel a house but I have no idea how much it costs and how long does it take. The house is 60 yo needs upstairs and garage. I want to built two car garage, 3bed 2bath (1 master bath with master bed) upstairs (about 1000 sqft). First floor currently kitchen, dining/living room, 3bed + 1bath that needs remodel and re layout for making stair case, and all I need it kitchen, dining, living room and bathroom in first floor. Also basement stair case need replace. Exterior would be bricks for the house and the house is about 1000 sqft. Because of market, if this is too much for me, I would just buy another house. The house is located in 60067.
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Old 12-15-2010, 12:33 PM
 
10,875 posts, read 13,811,333 times
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Unless you live in a posh area where the rest of the houses on the block are substantially better than yours, the cost of all these upgrades is going to far over shadow what the house will be worth afterwords. It sounds like with that much work needed it's a full gut job or tear down.
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Old 12-15-2010, 03:13 PM
 
4 posts, read 13,187 times
Reputation: 11
Yes it is nice area. The house has finished basement with bath with one bedroom and I am thinking around 150K adding up. Could be possible add nice equity if I did. (But I am not planing sell right now...) Is that not enough? Does it take 6 month or so?
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