Rough budget....PPsqft gut rehab/teardown rebuild w/in 495

[Jennifer O.]

Hi all...I'm ISO rough (based upon actual experience/estimates) price per square foot that I would need to budget for either:

1. A gut rehab (including mechanicals) with new addition off side of house

2. Teardown/rebuild

950 sq foot, 1.5 story existing farmhouse on site (Rt 128 area) with solid foundation. Have phase 1 architecture drawings/site plan that have been informally reviewed/okayed by local building inspector. Site can hold 1,300 square feet w/o variances (have the architect plans for those), so safe to assume new foundation for the addition (950 existing +250 addition) off the side of the house.

With the Boston market so hot, just trying to get rough PPSQ actuals before deciding on next steps.

TIA