All Forum Posts by: Amir Ardi Abar

Quote from @Jaron Walling:

Quote from @Amir Ardi Abar:

Quote from @Jaron Walling:

@Amir Ardi Abar The better question is why and do the comps in the neighborhood justify the expense? What you described in a full remodel of at least the upper half of a property. It feels like an HGTV show special when money isn't real.  

Thanks Jaron. This house is in an affluent suburb in NJ where the comps do support a larger size renovation if I were able to buy at the right price which is why I’m trying to figure out what a reno would cost as I incision it. The problem is the house is functionally obsolete. It has one bathroom in the whole house and it’s on the second floor so I need to do some major reno to get this house to where it needs to be. There is alot of upside in the town where this house is located. 

That's a problem with older homes. We only own older properties currently. Can you add bedrooms, baths, and increase the ARV?

House is about 1700 sq ft. It’s 4bd/1bath so I could change layout to 3/2 without raising the roof. If I raise roof I could make it 4/3 by adding a bathroom to attic and another master bath on second floor by converting one of the bedrooms to a master bath (hgtv anyone?) the fourth bedroom would become the attic on r roof is raised. 4/3 layout if bought at right price can justify major repairs. Nj housing market is still very strong right now, shockingly strong.

Quote from @Jaron Walling:

@Amir Ardi Abar The better question is why and do the comps in the neighborhood justify the expense? What you described in a full remodel of at least the upper half of a property. It feels like an HGTV show special when money isn't real.  

Thanks Jaron. This house is in an affluent suburb in NJ where the comps do support a larger size renovation if I were able to buy at the right price which is why I’m trying to figure out what a reno would cost as I incision it. The problem is the house is functionally obsolete. It has one bathroom in the whole house and it’s on the second floor so I need to do some major reno to get this house to where it needs to be. There is alot of upside in the town where this house is located. 

Hi BP fam - I saw a house today built in 1900. It has a nice walk up attic but the space isn’t functional unless the roof is raised. I think the entire roof needs to be raised. The house is about 1600 sq ft and is a colonial style home. I live in northern NJ. Just based on a google search it seems the price can vary from 50-125k. Can anyone please share how much they believe it would cost to raise a roof? Thank you!

Nice website! I sent a request to talk to you via your website. Filled out the form on your website.

Derrick - would love to learn more about what you have available. Please email me ardiabar at gmail. look forward to hearing from you!

Quote from @Joseph Matarazzo:

$/SF can really vary greatly. On the cheaper end you are looking at lets say $125/SF, on average let's say $150/SF, and I know plenty of houses being built for $200-250/SF.   One idea would be to do a takeoff yourself and start to estimate some prices. The best idea would probably be to reach out to a general contractor in your area and ask him to bid based off the plans. 

Thank you Joe. Really appreciate the info. What you are saying is in line with what I’ve been hearing as well. What do you mean by “do a takeoff yourself”? 

I am looking at an opportunity to build a duplex in northern NJ. Plans are in place and approved so right now I am trying to get an understanding of what price per sq ft is to build in NJ. Each unit would be roughly 2k sq ft and the lot is in pretty flat nothing too crazy. the build quality I would say could be builder grade but with some higher end finishes here and there since I would be building in an above average town. I would pick my spots and maybe use above average flooring in bathrooms and maybe use some granite in the kitchen but nothing super high end. If anyone is a builder or knows a good builder in NJ please let share their information with me so that I can reach out to them. Also, If anyone has recent experience with building costs in Nj, please let me know what price per sq ft you are paying. Thank you very much! 

Hi All - looking to speak to a home builder in northern NJ. I am in the beginning stages of planning out a home build and would like to speak to a home builder about some questions that I have. If you know any home builders in the area that you would recommend, could you kindly share their information so that I can reach out to them? Thank you!

@Allen Wu@Anastasia G. thank you both for the reply. Loaded question! We’ll see what happens!

Hi All,

Interested in anyones take in relation to when you expect residential mortgage rates to begin going back down? Do you think we will get back into the 3% range anytime soon? I know this is the million dollar question and nobody has a crystal ball but for anyone who has been around for at least one entire market cycle, maybe what is going on looks familiar? Thanks!