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re: adding on vs. buying a new house

Posted on 4/16/15 at 10:41 am to
Posted by wickowick
Head of Island
Member since Dec 2006
45823 posts
Posted on 4/16/15 at 10:41 am to
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...
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19679 posts
Posted on 4/16/15 at 10:45 am to
House would sell for 250000 but I am a couple years in on a 20 year loan and still owe around 185000...should have included this. My concern with building is that the 185 plus construction costs would really add up.
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