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Updated over 7 years ago on . Most recent reply

User Stats

17
Posts
10
Votes
Tasia Turner
  • Flipper/Rehabber
  • Justin, TX
10
Votes |
17
Posts

Adding square footage to an existing home - fix and flip

Tasia Turner
  • Flipper/Rehabber
  • Justin, TX
Posted

I am looking at a possible property to purchase and adding about 400-500 sf of extra living space (den/family room) would really increase the comps for this particular home. I am trying to figure out a ballpark number for adding on an extension. Does anyone have a good tool for evaluating this? Or a good cost/sf to use as a basis? I am located in Northern California and the house is in a rural area in El Dorado county. Thanks in advance. I look forward to hearing everyone's  thoughts on this :-)

Most Popular Reply

User Stats

23
Posts
12
Votes
Alon L.
  • Los Angeles, CA
12
Votes |
23
Posts
Alon L.
  • Los Angeles, CA
Replied
It depends on labor costs and availability of the various trades in your area, but in LA, retail price to hire a general contractor to do that project would probably be about $250/sqft for the new structure and $100/sqft to remodel the existing structure (down to the studs), plus finishes, fixtures, landscaping and hardscaping.

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