Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Owner remodel costs question.
Hi, I broke my ankle in February and luckily the insurance company for where I fell accepted fault and I am expecting a decent settlement. I want to make the most of the money so we are thinking we want to remodel. I was wondering if you all could help me figure out costs.
Here are what we need to do... Home is about 2200 sq ft and we are in Arizona. We are not flipping or selling this is a remodel for us.
Reshingle the roof - just asphalt tiles
New AC unit
We think there is mold in one bathroom and under kitchen sink, so some mold removal.
We think part of the electric will need updating as well as some of the plumbing.
We are contemplating on installing a new electric box
Here is what we are wanting to do.
Add a hallway (will require moving a non load bearing wall.)
Add a powder room about 3 feet from existing bathroom with medium grade finishing
Update 2 small bathrooms with medium grade finishing
Add additional toilet in master bath and move plumbing for shower and existing toilet about 3 feet.
(Total toilets are 5, showers 2, bath tubs 2 and 1 large vanity, 2 small vanity and a simple sink.)
We want to create an opening in a non load bearing wall.
Update all flooring in entire house.
Turn a living area into two small bedrooms
Add a wall in a small kitchen and convert to a butler's pantry
Completely remodel the kitchen with medium grade finishing
Remove a 8-12 foot load bearing exterior wall
Remove a 12 foot potentially load bearing interior wall.
Close in a exterior area and make it into a air conditioned workout room
Convert a garage into a large living area
Repaint outside of the house
Change from typical arizona rock yard to grass in front and back yard. About 4,000 sq ft total with not a lot of removal except rock.
I know this is a lot! I would appreciate any info you can share.
Thank you!