Several huge variables make it impossible to answer your question with much precision. Biggest ones are 1) are you underpinning the basement to get the height you want?, 2) are you in the historic district?, 3) how much work (not swinging a hammer, but more coordination and daily involvement re permits and decision making) are you prepared to put in?
Regardless of the answers to the above, you'll need a team on your side. You can either find a design/build firm you like, or punt on the build portion and find an architect/designer you like who will later help you find a builder.
The bottom line is that if you don't already own the house to be renovated, you will not come out ahead financially on the deal. So unless you already own a house that needs to be gutted, or you have very special design needs (kids, the house to live in forever, ADA compliant, etc), if it's just about economics, you are better off buying a completed home, and waiting until prices drop to do that.
mobilelogin2525 t1_iy124w0 wrote
Reply to Gutting a Cap Hill rowhouse? by sb2677
Several huge variables make it impossible to answer your question with much precision. Biggest ones are 1) are you underpinning the basement to get the height you want?, 2) are you in the historic district?, 3) how much work (not swinging a hammer, but more coordination and daily involvement re permits and decision making) are you prepared to put in?
Regardless of the answers to the above, you'll need a team on your side. You can either find a design/build firm you like, or punt on the build portion and find an architect/designer you like who will later help you find a builder.
The bottom line is that if you don't already own the house to be renovated, you will not come out ahead financially on the deal. So unless you already own a house that needs to be gutted, or you have very special design needs (kids, the house to live in forever, ADA compliant, etc), if it's just about economics, you are better off buying a completed home, and waiting until prices drop to do that.