We are considering picking up a little lake-front home, but it needs a LOT of work… likely why it is actually a reasonable price. But the problem is that we have very little idea the cost of renovating a home. We are going to have a contractor (one recommended by a friend) that specializes in flipping houses come take a look, but I thought I would ask the general community for some rough estimates on the work we intend to do. The house is 800 sqft. upstairs, 2 bedroom, 1 bath. It has a 400 sqft semi-finished, exposed on the water side basement.
This is all assuming that the house passes inspection and doesn’t reveal foundation or other structural issues. From the outside in here are the things that we will need done just to move in…
Currently there is a raised, level driveway, and a walkway that is very steep to the house. We want to take out the cinder block wall that is holding up the driveway and extend the driveway at a slope towards the house, put a 90° bend on it and bring it in flat next to the house.
Kitchen needs a complete remodel - cabinets, appliances, the works - medium-to-high end appliances.
Bathroom needs complete remodel - Bathtub taken out and replaced by shower stall, new toilet and vanity, and probably a little storage closet where part of the bathtub used to be. (I estimate that the bathroom is about 7’ x 6’).
We would want to finish the basement and make it usable space, likely my office/game room and probably storage as well. This will involve drywall, flooring, building an enclosure for the water-heater, ensuring electrical is adequate, installing lighting and ideally building in storage/shelves into the internal wall. Also, replacing the two dingy windows with larger ones, and/or installing additional windows to bring in more light. The ceiling in the basement is 6’.
The rest is desirable but not necessary to move in.
Depending on the inspection, the deck is probably ok, but I think we would like to replace it
We are seriously considering replacing the roof and raising it up. Right now the inside ceiling height is I think just 7’. Jan can touch the ceiling. We would want to vault it or lift on on the water side of the house.
We would like to replace the whole front of the house (onto the deck) with full-glass doors so we can open up the whole front on nice days, basically making the deck our dining room.
Sorry I don’t have more photos. All of these except the basement one are from the real estate listing. I took the basement photo on Saturday.
Anyway, I know that any estimates that anyone gives are to be taken with a grain of salt… but I want to know roughly so that if the contractor says its going to cost $30k to replace the deck I can tell if they are scamming me.
So, how about it? Any rough estimate advice to renovate this little lake monster?