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re: adding on vs. buying a new house

Posted on 4/16/15 at 1:18 pm to
Posted by Louie T
htx
Member since Dec 2006
36321 posts
Posted on 4/16/15 at 1:18 pm to
Pretty awesome deal. I've been looking for a while and only run across a few homes for sale in OM for less than a half million & they aren't particularly attractive or any larger than yours. Those houses were also closer to $500k than $250k.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 4/16/15 at 1:22 pm to
quote:

Is there no possibility of adding a second story? Is the roof pitch and design amenable to that? Adding a second story to a home is much cheaper than adding foundation. If the design of the home can stand up to the project it would be worth investigating.

That's what I was thinking. A competent architect specializing in renovations can tell you what's possible.
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19679 posts
Posted on 4/16/15 at 3:23 pm to
My home hasn't been appraised in 2.5 years so it could be more. Like I said we have the perfect plot of land just need more space.

Adding on a second story does sound cheaper but we would have to find a way to raise our 1950 style low ceiling downstairs.

I figured an architect should be my next call. Blueprints should run a couple grand?
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