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Question DetailsAsked on 8/11/2013

100k rennovation in Altadena. Possible fixer-upper purchase.

Considering buying a fixer upper in altadena, if we can get it for a "good" price before the investors swoop in. Tons of work here, but, we don't know realistically, what *could* be done to this property. What advice does anyone have for getting an estimate to guage the realistic potential of what can be done for around 100k- without spending a ton just to determine if we should purchase the place? Do designers/architects give low-cost/free estimates?
Thank you for any advice provided!

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Some contractors will do quick walk-throughs to discuss what could be done in hopes of getting the overall job, but generally only if you already own the house. Architects, engineers, and designers just could not afford to do this - they would be giving their prime services away for free, though for about $250-400 an architect, or for about $150-250 a designer, will do a walk-through to throw out ballpark ideas, and should give you a ballpark idea of what you can do within reason. Any sort of sketch with cost estimate would cost about $500-1000 though.

For $100,000 on a normal house you could do a general flooring and paint job, some upgrades to appliances and fixtures and cabinets but probably nothing catastrophic like moving walls, addition, etc. The normal remodel in the US without additional square footage is about $67,000 (though usually not whole house is involved - a great many of those are just a major bath remodel or only a kitchen), with fairly complete "strip" remodels that make it look essentially new usually running $100,000-175,000.

Answered 6 years ago by LCD




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