Chicago Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Second Story Addition on Ranch Home
Hi all! Fairly new to BP but have been reading (lurking) for a while. This isn't as much an investment question, but have been looking at a ranch home on a beautiful piece of property. The home is 1500 sq ft, and we would love to build onto it (up) which would in theory approx double the square footage.
About the home: built in 1961, and I got to look at the original plans and it looks like the footings are large enough to support the work. Assuming there are no other issues like soil, etc that would prevent this type of addition, does anyone have any experience in this, and any ballpark estimates for cost?
I know, I know, there are a million variables that can go in from design to roof to fixtures, etc, but just trying to see if anyone has experience with this, any similar projects they have seen and what those cost, any contractors that specialize in this, etc?
Also, assuming we did this in about 3 years, and at that time have a mortgage on the current home, what type of financing would be best for this type of project?
Any input would be great, thanks! -Jon