What does it cost to design and build a remodel, addition, or custom home?

Many people interested in designing and building a custom project start with the question: “How much will it cost to build?” When people hear the answer, their next question is, “Why? I thought it would be less expensive.”

Then come the following thoughts:

1. “My friend told me that projects can be built for $200 per square foot”
For years people have heard a general rule of thumb that houses can be built for $200 per square foot. They think that if a 3000 square feet house costs $600,000 to build, then a 500 square feet remodel or guest house should cost  500 square feet X $200 per foot = $100,000. But this just isn’t true.

The $200/sqft number can be accurate, but the size of the house has to be large enough to take advantage of economies of scale. Generally, the bigger the house is, the less expensive the per square foot cost can be. The smaller a house is, the more expensive it is to build per square foot. You’re going to have to build a 2500+ square foot house to be able to hit that $200/sqft number.

Also, when a builder says they can build a house for $100 per square foot, they are talking about the costs to build in a subdivision in some place like Atlanta. They not factoring in design, engineering or permitting costs. These costs alone are often over 20% of the project. They are not factoring in quality construction you’d expect in almost any coastal or metropolitan area.  In many place costs of $500-$1,000 per square foot are not only common but spending that much makes sense as that is the cost of a quality and finish level that owners expect.

And finally, the cost per square foot can change dramatically based on the location of the project. For example, costs to build in a coastal city can be as low as $200/sqft but modern projects in Dwell Magazine are easily in the $500 per square foot or even $1,000 per square foot cost.  As home prices continue to increase around the country, the cost of building increases as well.

2. “I just want a simple house.”
That’s great. But even a simple house is a complex feat of permitting, engineering and back breaking labor.  These things take time and money.

As an owner, it is helpful to know that all projects are built using the same process:
a) Figure out what you can build, including permit requirements in your city or county, if you do that kind of thing 😉
b) Work with an architect or designer to draw up the size, look, and shape in a “schematic” design.
c) Submit the design to the planning department to get planning permits.
d) Once you have the planning permit, have the architect draw up construction documents for a building permit. This often requires two or three engineers such as structural, soils and civil.
e) Determine all the “finishes” which include appliances, faucets and fixtures, materials, tile, paint colors, landscaping, utilities etc..
f) Work with builders to get bids, select one, sign a construction agreement, prepare the land, pour a foundation, frame the house, enclose the house, hook up water/electric/sewer, and install finishes.

Whether you build something that is 500 square feet or 5000 square feet, all of these steps are taken.

3. “I’m thinking a prefab house because it’s easier.”
This is possible but it really depends on your site,  existing home and personal goals. Blu Homes and Living Homes are the top of the line if you go this route.  Buying a home that is built somewhere else can reduce design fees, but it still needs to meet your city and county codes and then be permitted. Then it needs to be shipped to your location, and if that location is in an urban setting, you’re looking at significant costs to shut down streets and hire a crane to lift the unit into place. Once it arrives you will have paid for the same foundation and water/electric/sewer hookups that you would need with a stick-built home. By the time all of this adds up, you are looking at a similar price to building a custom house. And while you don’t have to spend time designing prefab, you still have to spend all the time getting permits.  Most importantly, a custom home allows you to design something specific to your needs and the lot in which it will reside.

4. “My uncle is a handyman or contractor and can build for me for cheap.”
The best way to save money is to do the work yourself. It will take you a long time and you will make mistakes, but it can be an amazing and fun experience. One of our favorite projects is this Normandy Style stone house in Upstate NY. The walls on this thing are 2′ thick stone!

Moriarty Farm House 1         Moriarty Farm House

The owner spent seven years getting to this point.  It is a $1,000,000 home that will cost less than half that and it is a work of art.  We’re not counting this husband/wife team’s 10,000 hours of labor in our costs though.

If you want to try a DIY project, just be really careful because construction is the definition of back-breaking labor.

The second best way to save money is to manage all the subs (electrician, foundation, framer, plumber, drywaller etc…) yourself.  The most skilled subs prefer not to work for inexperienced clients.  They are concerned that your inexperience will require too much of their time as you make decisions, that you will call them back repeatedly and they will end up making very little money due to the extra time.  So owner builders often get stuck with the second tier subs and that can be painful!

If you have a relative who is skilled and experienced and willing to work for free, jump on that and do it… but again, we’ve seen siblings stop talking to each other when the builder in the family is too slow or too expensive.

5. “A builder I know says he can build for $X.”
Be very careful with this scenario. When you get a bid from a builder, make sure they give you a price for every line item that will go into the house, from permitting, to design, to construction, to cleanup. Permits alone can cost $15,000-$100,000+. Architect and engineers are often 15% of the project’s total cost too. At New Avenue, our process requires that our partner builders review a 200+ line spec sheet with every single piece of building a house so no one can say the dreaded phrase, “We didn’t talk about having a (insert whatever you like here, such as “sewer line”) for the house. That will be an extra $5,000.”

6. “Where does New Avenue get information about building?”
After working with many architects and builders on over 500 projects, we have a very unique data set that shows exactly what every component of building a house costs. For example, we can easily pull up a project that we managed and show that the foundation for a home in a landslide zone with 12 piers going down 10′ each cost $40,000. Or we can pull up a sheet that shows a house with $7,000 allocated to Hardieboard siding and the fair change order (and totally a good idea) to change that to cedar shingles.

7. “Can you give me a sample breakdown of costs to build my project?”
This is our specialty. Let’s say you wanted to design and build a 1000 square foot project in the San Francisco Bay Area.  We would start by showing you what a similar, recent, project we completed cost. This would include every detail.  Then we adapt that budget to meet your needs.

Here is a shortened example of a small project:

– Initial Assessment and Permit Research: $400
– Design Fees: $5,880
– Construction Documents: $5,400
– Engineering: $4,500
– City Fees: $5,620
– Survey: $2,300
– Construction Administration: $3,400
Total Design and Permit Costs: $27,500

– Demolition: $2,100
– Site Prep: $7,100
– Foundation: $11,975
– Framing & Carpentry: $23,700
– Insulation & Moisture Protection: $3,500
– Windows & Doors: $6,489
– Finishes: $14,825
– Plumbing: $13,900
– Heating and Ventilation: $3,400
– Electrical: $5,300
– Contractor Overhead and Profit: $15,100
Total Construction: $107,389
Total Project Cost: $134,889

We can show you this for $100,000 projects and $2,000,000 homes and everything in between.

 8. “Can spending a ton of money  still give me a good return on investment?”
Absolutely. The financial return is often there and more so, the real return is usually so much more valuable than any cash you might collect in a future sale. A creative space, family room, home office, guest room or anything that increases the value you and your family get out of your home can make the investment well worth it.

Financially, many of our clients create something that is worth more than the cost of construction.  So their return is crystal clear.

Other clients spend $200,000 building a guest house that increases their mortgage payment by $1,200 per month. Often times they can offer that home to a child or parent who would be living somewhere else for many times the cost of the guest house.  Other people use this as a home office and create a new business from home.  Many people choose to downsize and move into their accessory dwelling while renting out their main house, bringing in even more rental income. Or by creating a second unit for your child or your parents you can avoid paying for many of the expenses of living separately such as rent to live elsewhere, maintenance and taxes of owning two homes, or the high costs of assisted living.

No matter what you are considering, the New Avenue platform is the easiest way to get organized, get bids, hire a team and manage your project.

You can sign up and use the New Avenue system for free here: Get Started

Have any questions? We are available to discuss your goals & ideas. There’s no fee or commitment. To request a time for a call, just click here and tell us when to call you.

 

The Right Way to Start a Project: How New Avenue seamlessly brings together owners and architects to start a remodel, addition or new home

At New Avenue, we make it as easy as possible to start your project right.

We have found that just one meeting in your home with an architect is the perfect way to begin.  Architects see things in minutes that many of us will never see!  Design talent, matched with countless hours in a studio during college and thousands of hours more studying other homes in your community makes a difference.

You can get free visits from architects and contractors. They will come by and give you a sales pitch by trying to impress you with their past work while not giving you new design work for free.  We save you time by charging a small fee to justify making the first meeting a working meeting. We don’t make a sales pitch in your home, we come ready to work for you.

Here are our first steps in the New Avenue process. We recommend you follow this process matter who you consider working with:

Step 1: Owners fill out a Goals & Ideas questionnaire on New Avenue.  These questions are based on our experience with thousands of clients and architects and they are designed to get owners thinking about the right

Step 2: Set up a call with New Avenue project manager to discuss the goals & ideas and the New Avenue process. You can tell us a time to call you here.

Step 3: Sign up for a $250 in-home design session. You can sign up on the New Avenue site here.

In this meeting an experienced architect will listen to your goals, share their design ideas, and review zoning and building codes.

We commit to having an architect follow up within a day and we can meet with you within a week.

Step 4: The architect will introduce themselves using your project page.  Here is an example of an introduction:

Hello Rachel & Laura, My name is David. I am a New Avenue partner architect. Your project sounds really exciting! I would like to suggest that we meet at your property so that we can meet, look over the home and discuss your options for design and development. Are you available in the early evening sometime next week? At the moment Tuesday, Wednesday, and Thursday evenings are open for me. Do one of those dates work for you? David
Another architect said this:
My name is Brad. I’m an Architect with New Avenue. Your project sounds very exciting and I’d love to meet you at your property to hear more about your vision. Do you have any availability to meet next Wednesday between 11AM and 1PM or the following Tuesday also between 11AM and 1PM? I look forward to meeting you.
These messages are posted in a private message on your project timeline
Private Message on Timeline
Step 5: After the meeting you’ll receive a detailed Design Proposal that will list every step in the project, the hours and cost for each step. You can click approve to hire the architect and we automatically provide a design agreement the delivers the industry’s best practices in design, permitting and construction administration.

You can sign up and use the New Avenue system for free here: Get Started

Have any questions? We are available to discuss your goals & ideas. There’s no fee or commitment. To request a time for a call, just click here and tell us when to call you.

Trust us! Seriously. Use These 3 Essential & Free Tools Every Addition, Remodel or Custom Home Needs: A Design Agreement, Construction Agreement and Budget

If you are planning an addition, remodel, or custom home then save this message.  Seriously. Save it and use these three documents.

This is the most important article we can share with you.

Communication is always stressful and challenging.  Every remodel or new construction project has questions that need to be answered or changes that an owner, inspector, architect or contractor want to make. Some of these changes are great improvements, some are in response to discoveries, some are just part of the creative process (picking, kitchen pulls, paint colors etc…)

Anyone who promises not to make mistakes and not to have changes is over-promising. Sometimes over-promising is caused by optimism and enthusiasm while other times people may just outright lie to you.

Every project needs a Design Agreement, Construction Agreement and Budget. These three documents help the owner, architect and contractor communicate expectations.  That’s it.  That’s the goal!

Owners, architects and contractors use New Avenue’s innovative system to manage projects that cost between $50,000 to over $2,000,000.  Current projects are located from California to New York.  Our software system collects insights throughout the design, permitting and construction process. In one year we see more transactions, proposals, and changes than most most architects and contractors see in a lifetime.   We incorporate those lessons in the industry’s best agreements and budgets and we provide these to you for free.

We are genuinely afraid of any project that does not have a clear agreement and budget in place.  In fact, we won’t work with anyone who doesn’t want to use these.  Without this expectations are guaranteed to be wrong.  We recommend that every project use these three agreements to set the right expectations and establish a healthy working relationship:

New Avenue Construction Agreement

New Avenue Design Agreement

New Avenue Example Budget Format For $100,000 – $5,000,000

Project are easier to manage, more efficient, and more affordable when the team has a clear understanding of the work to do.

  • This saves you time and headaches.
  • When you save the architect time, you save money.
  • When you save the contractor time you save money.
  • When mistakes go down the owner, architect and contractor will have fewer mistakes and this improves quality.

Everyone is happier as a result!

Following the guidelines set forth in these agreements requires discipline and the New Avenue project management system makes that part easy.

You can sign up and use the New Avenue system for free here: Get Started

9 Construction Communication Gaps – How to Talk to a Contractor

Construction lingo can lead to confusion before your job even begins. This often creates cost overruns and frustration.

This article tells you what to look for in a construction bid so you can avoid surprises.

Anywhere you see something you don’t understand you should expect to be surprised by a cost that you didn’t anticipate. If you don’t know an acronym or brand name or word in the bid, just ask. That’s the goal of reviewing the bid with a contractor.

Here are 9 common communication issues that can cause you pain that is easily avoided:

Allowance: This is a dollar value that a contractor has noted for something in your project.  For example, your allowance for your bathroom tile is $2,000.00.  If the cost of the tile goes up or down then you pay or save the difference.   A large number of allowances means that the contractor is shifting the responsibility of getting certain products for a specified price to you.    Be careful of more than 5 allowances in any bid and make sure you know how to buy something for the allowance price noted.   Often times an allowance for windows is just a small fraction of the windows that you probably want to buy.

OPCI:  Owner Provided Contractor Installed.  You will be paying for these products and storing them on site for the contractor to install.   The contractor is responsible for installation costs. This can be a great way to save money, but you certainly want to be aware of what you have to buy. If you buy the wrong thing or too little then the contractor is justified in charging you hourly to go out shopping for you.

PBO: Purchased by Owner.  This is the same as OPCI.

NIC: Not in Contract.  This is work that the contractor is not responsible for.  You will have to accept a change order and pay additional money to get this work completed

By Owner: This is the same as NIC.  You are responsible for all materials and labor to complete this work.

TBD:  To Be Determined.  There will invariably be something needed that costs you money.  TBD should rarely if ever be part of a construction bid.  The point of a contractor is to eliminate TBD.

Verify in Field or VIF: Danger!  The contractor will verify if some work needs to be completed after he or she starts and it will then be your responsibility to pay for it.  It’s better to pay them hourly to remove any VIF conditions before you sign a contract and before they start work.  Be very clear that the site slope, soil conditions, plumbing, underground utilities, electrical are all included in the bid.  We’ve heard contractors complain that the dirt was heavier than they expected.  While possibly true, it’s their job to deal with that.

Existing Condition: The current condition of anything such as underground utilities, underground rock/soil issues, mold, asbestos, dry rot.  These should almost all be determined prior to accepting a bid.   For example many roofers will say that dry rot (which is a visible fungus) is an existing condition and is not part of their bid but they could easily look at rafters from outside and see that dry rot is an issue.

 T&M: Time and Materials.  The contractor will work by the hour and will bill you for their hours plus their materials and then will typically mark it all up by 15%.  This puts all the risk on you as the customer and gives them an incentive to take their sweet time while running up both labor and material charges.   There’s no reason to use T&M for anything other than a small job that takes just a few days.

Sign up to see example budgets, example floor plans, or to use the New Avenue system for free here: Get Started

Have any questions? We are available to discuss your goals & ideas. There’s no fee or commitment. To request a time for a call, just click here and tell us when to call you.

 

How Long To Build a Custom Home or Remodel a Home

We reviewed all of our completed projects and found the following timeframe for construction:

  • The maximum construction time was 13 months
  • The fastest build was four months (this was during the 2010 recession and everyone was ready to work at a moment’s notice) 
  • The average time to build a project is 8 months.

This includes projects that cost between $100,000 and $500,000. 

Screen Shot 2016-10-21 at 9.55.16 AM

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18 Common Budget Busting Construction “Change Orders” That Occur During Additions, Remodels and New Construction

The New Avenue online project management system reviews hundreds of projects at any given time.  We track all of the change orders submitted by contractors in these projects.

This post highlights the 18 most common change orders.  These are changes that may be called “surprises” on your project and often times they shouldn’t be surprises at all.  You should be planning on these changes.

You can review this checklist and check if your project budget includes them.  Do this and you can be prepared to review any bid.   You can make sure the full scope of work is included in the price you are quoted.

First, a note on what a “Change Order” is.”Change Ordering” is a verb used in the construction industry and it’s something that many owners are completely unaware of.  One of the unfortunate facts of many remodels is blown budgets. One cause of this is that unscrupulous contractors use change orders in a strategic and deceitful way to offer low bids.  They then make your project a miserable experience as they introduce additional hidden costs.  Some (and certainly not all) contractors make all of their profit off of these “Change Orders”.  This is true for projects ranging from small $1,000 projects to billion dollar bridges.  The good news is that many contractors have noble motivations.  They became contractors because they want to build beautiful homes – and they want you to be happy.  Even a perfect project can have 20+ change orders that you willingly choose to make.   In fact, you can have 20 or more change orders and still complete the work on budget.  With a well prepared bid the changes can be fun ways to add things that you love. Use this list to improve your next or only remodeling experience.

In our review, 13 of the 18 most expensive change orders were “discretionary”.  Discretionary change orders are changes the customer asked for. This was not part of the original bid.  It is an add that the customer requested. We consider those good change orders. They often pop up as a project is progressing on budget and the customer had a little reserve money socked away and they decided to add something nice.

However, five of these change orders were “non-discretionary”. These are the unpleasant changes. These changes are difficult to manage because sometimes the cause is beyond the owner’s or builder’s control. A building inspector may exercise their authority and request something that is not in the plan or the budget. In this case disagreeing with the inspector is an issue of fighting City Hall.  From what we have seen, City Hall never loses that battle. Other times, a designer, engineer or contractor overlooked something. Again, in a complex project this if common and a little leeway is fair.  But if this happens too often then it becomes a real question of competence or even integrity. This varies wildly by professional and most professionals are very fair and honest. However the bad apples are also very good at figuring out how to get you. It might be that you didn’t read the plans or it may be that you love custom woodwork… or both.

A well run project will stay within 10% of the bid.  If an invoice is 25%, 50% or even 100% over budget then you should tell your contractor these two things: 1) “I’m paying what was in the bid, I’m sure you can make it up on the rest of the project” or 2) “I’m canceling the contract and going back to bid with different contractors”.

Here is the list of top 18 Change Orders. This list is from all of the projects reviewed not just one project! The average of 8% increase from the original construction bid to the final completed project cost with the 8% split evenly between discretionary and non discretionary changes.

1-13 Discretionary Change Orders: 

1) Add a new bay window to the home.  Since windows were being added in the addition, it made sense to add a bay window to the existing living room at the same time.  Amount: $5,684

2) Upgrade window quality Marvin windows and Velux skylights.  Amount: $4,086

3) Landscaping:  Install a fenced in trash area and stone flatwork in the yard. Amount: $3,393

4) Add a gas line to a backyard cottage to upgrade from electric stove to gas:  $3,000

5) Change siding from Hardi board concrete to wood board and batten.  Amount: $2,325

6) Add tile to main home entry stoop.  Amount: $1,880

7) Add crown molding to living room and kitchen.  Amount: $1,761

8) Install a new skylight in a loft.  Amount: $1,487

9) Additional tile wainscoting in bathroom and tile nook in shower.  Amount: $1,050

10) Change from stained concrete floor to tile floor throughout 610 square foot space.  Amount: $1,050

11) Add false wood beams to living room.  Amount: $996

12) Addition of extra lighting fixtures throughout house.  Amount: $835

13) Provide and install 8’x4′ fence and lattice made of redwood for trash cans.  Amount: $771

Non Discretionary: 

14)  Foundation improvement: Excavate an additional two feet for foundation improvements, fill with compacted gravel, additional concrete.  Amount: $6,042

15) Fire proofing of laundry room.  Amount: $2,151

16) New water line from the street to the main home in order to increase capacity for fire sprinklers. Amount $5,505

17) Add fire sprinklers due to a new building code requirements. Amount $4,360

18) Replace electrical panel in main home with a new 200 amp service, including a wire from the street, new panel and all breakers.  Amount $3,272

Sign up to see example budgets, example floor plans, or to use the New Avenue system for free here: Get Started

 

 

 

 

 

 

 

 

Top 3 Challenges in Remodeling or Building New: Knowledge, People and Clarity

There are three key problems facing every owner who is remodeling an old home or building a new one: Knowledge, People, and Clarity.

It is really time consuming to navigate all three challenges.  New Avenue has a unique way to automatically solve all three problems so you can have a delightful experience as we work with you to create a beautiful addition, remodel, or home.

New Avenue applied insights from thousands of projects and interviews to to build a project management system that makes it easier for you, your architect and your contractor to work together happily.

Here are the problems and how we solve them:

Problem #1 – Knowledge:  The architecture and construction industry does not share accurate or comprehensive pricing.  It’s partly cultural as people don’t want to give away their knowledge for free.  It’s mostly a practical problem, as it is really hard (or impossible) to provide a price for something that you are about to design. No one can determine what something will cost when you don’t even know what “it” is yet.  This is why your best bet used to be “Expect your contractor to take twice as long and cost twice as much”.

Our Solution:  First, some perspective can help.  Creating a new home is really really hard.  It is a bit like raising a child, there is a good chance you’ll do this once, maybe twice.  And you have no idea what’s about to happen:)

Realistic expectations are critical.  We have learned that an independent architect or contractor should only know the cost of their personal part of a project. They are not responsible for knowing what everyone else is charging you and they can’t tell you what to expect as a result.

To learn about what you should expect, New Avenue shares our data from completed projects. You can’t get this quality information anywhere else.

Problem #2 – People: It’s hard to find a good architect or contractor. Then you have to figure out how to interview them and if they are right for you.  This takes so much time, and it’s not even effective. Worst of all, good people can still lose each other’s trust during the job and great people can end up at each other’s throats!

Our Solution – People You Can Trust:  New Avenue interviewed thousands of architects and contractors, recruited the best and we work with them to continuously improve our service.  We work with our network repeatedly so their incentive is to maximize your happiness and not to maximize how much they can increase the costs of your project.

Problem #3 – Clarity: Don’t have years of experience managing architects and contractors?  That’s ok. Nobody does.  Don’t have the time to find, interview, hire, manage and pay them. If you had that kind of time, you might as well DIY.

When interviewing, talking design or making construction decisions you are basically trying to assess what someone else is thinking, and measure the quality of a design (which is subjective) and that design hasn’t been created yet (i.e., designed).  Oh my.  Good luck!

Our Solution – A Better Way to Communicate: Our Owner Toolbox makes it easy for you to find, interview, hire, manage and pay your architect and contractor. This system is free to use. It brings clarity to your project, from start to finish.  Our system makes it easy for an architect or contractor to tell you what they are going to do, tell you what it will cost and show you that they are doing it for the cost they quoted.

This clarity reduces confusion, stress and mistakes – and saves our owners 10% or more.  Get a competing bid, and we’ll prove it!


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5 things you might find in a new $1,000,000 home

We recently bid a 3,000 square foot custom home in the heart of Silicon Valley.  I grew up in a 1910 Sears Catalog home that would sell for $180,000 today.  $1,000,000 is an insane amount of money. Except it’s quite common today.
At $333 per square foot I have to admit, I was surprised this wasn’t more expensive…
Because this home is in the most expensive real estate market in the country. People can spend $1,000+ per square foot in this town.
Because it is designed with magazine quality, fantasy finishes.
So, let’s see what kind of goodies techies drop their money on:)
These are the five big purchases that I find most interesting:
– Fancy staircase
– Special cut hardwood flooring
– 4 exquisite bathrooms (in a three bedroom home)
– Custom kitchen cabinets
– A 10 piece wall of windows and sliding doors.
Here are some details about these finishes:
–  A special order $38,000 staircase.  This is the kind you’ll see in Dwell Magazine.  The staircase has floating wooden steps, a structural steel stringer, steel supports, and a metal wire railing.
Inline image 2
– 35,000 hardwood flooring that is “rift sawn”.  Rift sawn is the most expensive way to harvest wood from a tree trunk, it’s also the hardest and most durable.
Inline image 3
Rift Sawn
– $5,600 in glass shower doors, tile everywhere, waterproof floors throughout.
– $36,000 in custom kitchen cabinets

– 10 part glass doors running the full length of the kitchen and living area.  A truly open living area like this, in earthquake country, with another story above requires that you build the walls like building a steel skyscraper vs. a traditional wood framed house.
Inline image 4
To see some of the design of this home, and the full budget, you can read another post here.
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Cost of a custom home in Silicon Valley

We recently completed a bid for a 2,886 square foot custom home in Los Altos, CA.  This is the heart of Silicon Valley.

This is a just under $1,000,000 for just under 3,000 square feet.  That budget does not include the architecture, engineering and permitting which can be another $250,000.

You can review the full bid 2886 Los Altos Bid

The home was a small ranch home that is being torn down and rebuilt as a 3-bed, 4-bath plus an office.

An elevation, or the exterior view of the home:

Los Altos Elevation

An elevation of the front of the home: Los Altos Elevation 2

The first floor plan:

Los Altos Ground Floor Jpeg

The second floor master bedroom, master bath and office:

Second Floor Master Suite

A quick rendering to get a sense of the size and look – details are intentionally left out of this:

2,886 Square Foot Los Altos Home

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Cost of a remodel and restoration of a 100+ year old historic home in The San Francisco Bay Area

This article is part of a series of posts on real project costs.  New Avenue is the leading national design/build network.  Our architect and contractor partners use our online platform to provided their bids and process their invoices.  As such we get a unique collection of project costs.  We share these costs to help inform owners, architects and contractors. 

You can review the actual construction budget for the restoration of a 110 year old 4,800 square foot home. This restoration included an almost gut remodel and seismic steel frame throughout. This home is located in the gold coast neighborhood of Alameda.

4800 square feet of remodeling

Construction Budget 4,800 square foot restoration 1908_70 Lines

Sign up to see example budgets, example floor plans, or to use the New Avenue system for free here: Get Started