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Updated over 7 years ago on . Most recent reply
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Adding square footage to an existing home - fix and flip
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
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.