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Old 10-18-2013, 07:20 AM
 
25 posts, read 32,132 times
Reputation: 10

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Has anyone completed a recent addition to their home and can share ball park what the cost per square foot was? We have drawings to add a bedroom over the garage and then add a bathroom/dressing room over a patio, but have not taken the next step to get a contractor to price it out.

I realize there are tax implications, town ordinances that dictate whether the construction can be completed. I'm just wondering if we're looking at a $50-75k job or something more.
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Old 10-18-2013, 07:50 AM
 
Location: East Millcreek
2,395 posts, read 5,206,977 times
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I have an indirect answer, but take it with a large grain of salt. I have a replacement value homeowner's insurance policy which just came up for renewal. I was flabbergasted that the computation worked out to $362/sq ft! This makes the ground-up cost to rebuild my house about 50% greater than the actual market value. It's a premium, high end policy from a premium carrier, but still! I talked to the ins. broker and she said it was true - replacement cost (construction costs) here ARE usually substantially more than value. Discounting for mostly living space with no kitchen or major HVAC rework could bring you down to $200/sq ft. Who knows. Make of this what you will.
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Old 10-18-2013, 05:24 PM
 
Location: Toronto
814 posts, read 1,977,727 times
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We just did something similar for around $200/sq ft. Ish.
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