Bridget Otto writes about the costs of remodeling and she quotes Dan Fritschen, founder of RemodelorMove.com He offers four tips on getting answers.
Checking out RemodelorMove.com, I found a lot of discussion about remodeling versus moving. This site really heps answer that dilemma. In our neighborhood, I know one couple who remodeled their house, even taking their house higher by adding a second story. They looked all over this area and concluded that staying put and remodeling was cheaper.
We are seeing other homes that are completely gutted down to the foundation and rebuilt turning a $400,000 house into a bigger house valued at $800,000 to $900,000 house. They really must like this Grant High neighborhood and its nearness to downtown!