Question whether to buy an older/bigger house but a bit updated or newer/smaller but updated house

5/15/2020 at 3:21:55 PM

Hi my name is VICKRAM from VS Kitchen & Bath, for a house this size updating the main floor will cost roughly $70,000-$120,000. The basement will cost about $40,000-$50,000. By updating it you will get exactly what you want and not have something someone else dreamed.but it's all up to you and your budget. Thank you

5/16/2020 at 10:09:33 AM

Hi

The best idea is to purchase the outdated bigger house then do what you want. It's hard to budget such project because it's all about how much work and how much quality you are looking for however you can budget $200K for such complete remodeling for a house in that size.

5/18/2020 at 4:12:23 PM

To Vickram of VS Kitchen and Bath and Mike of M&D Bath

I appreciate you coming back and gave me idea of what budget I should consider.

Thank you so much.

Elisa

5/20/2020 at 11:29:22 AM

Buying an older house and remodeling can often be a better more financially prudent option if you have the patience and stomach for a renovation project. For a house this size, you should budget between $75K and $125K for a complete remodel. Having said that, that pricing can often be scaled back depending on the exact scope of work. That range would include things like: New Washrooms, New Kitchen, New Flooring throughout, new cabinets throughout, new lighting, new plumbing fixtures, painting and finishes. Hope this helps.