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adding on vs. buying a new house
Posted on 4/16/15 at 10:36 am
Posted on 4/16/15 at 10:36 am
We spotted a house for $500,000 that we like, but we really love the exact spot where we are now, but 1200 square feet is getting small. We have considered things like raising what we have and building a story underneath it or bulldozing and building on this lot. We are surrounded by 500-1 million dollar homes where we are and are leaning to staying.
Is there someway to estimate the cost of raising or bulldozing?
How does one get a construction loan with low interest (credit score is a little better than 800 and been pre-approved for a 600,000 home loan if we went that route)?
Is there someway to estimate the cost of raising or bulldozing?
How does one get a construction loan with low interest (credit score is a little better than 800 and been pre-approved for a 600,000 home loan if we went that route)?
2
Posted on 4/16/15 at 10:41 am to Tiger Attorney
1200 sf surrounded by 500k-1 million dollars homes, level and rebuild, no remodel. If you decide to stay on the current lot. It would be easier in the long run.
To get a cost, you need plans and then bid them out, but I am sure you can build for that amount. Expect to be out of the home for 9months -1 year...
To get a cost, you need plans and then bid them out, but I am sure you can build for that amount. Expect to be out of the home for 9months -1 year...
Posted on 4/16/15 at 11:13 am to Tiger Attorney
Call up Love It or Leave It at HGTV and they can set you up.
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