Remodel & Renovate in 98033>Question Details

Gary Yu, Home Buyer in Kirkland, WA

What is the per Sq Ft construction cost for an average house in the Seattle area? I am thinking about

Asked by Gary Yu, Kirkland, WA Wed Feb 18, 2009

completely rebuilding our house in Kirkland WA area. Thanks for the advise.

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Mary Sunde's cost estimates were very accurate. Beyond that, it is crucial that the home be well designed so it doesn't look pieced together. Unless you are a designer, or have an exceptional eye, you are best off having an architect or a remodeling contractor who is also an architect, design and "build" a home that looks like new.

A lot of people call "updating" remodeling. You say you want to completely rebuild. There are some cost and time advantages to maintaining valuable parts of the structure. Also, building "green" helps you recycle and re-use valuable materials. A knowledgeable contractor can give you guidance.

The cost per square foot of remodeling, or re-building, is the same as new construction and then you have to add the tear out and tear down costs. It is wisest to use a professional. In my years in real estate, I have seen far too many homes that were "remodeled" and they way the rooms were sized or the material and color choices, only created a property that needed re-doing or was laid out wrong for resale. It is always important to build for resale no matter how long you plan to be in the property.

In these cases, money is spent, and then the seller has to eat that cost because the new buyer wants to re-do the house because structure or design is not to the current market standards.

I can recommend an outstanding remodeling contractor who can fulfill all the requirements I mention above. If your are interested, call me at 206-264-5600.
0 votes Thank Flag Link Wed Feb 18, 2009
Gary
This totally depends upon the materials and finishes. If you are looking at a house with a construction value (not including land value) average to good finishes you are probably looking at $150/ft, low to average
finishes about $100 and very good $200-$250 and mansion quality apx $250-300. Site development, utility hook-ups, sewer connections, additional foundation work and architectural plans as well as land cost are additional.
Mary 206-227-1915
0 votes Thank Flag Link Wed Feb 18, 2009
Completely rebuilding your home is a smart way to go in this market especially if you have held the property for a long time and owe little money on it. You will realize more gain when you go to sell with a new home than a remodel. You will also have the enjoyments of having everything designed the way you want it, and all new. According to Charlie Carter and Gary Redman of Redman Company on Mercer Island, the average cost of building a new home with the finishes a buyer would expect in Kirkland is about $275 per square foot. If you budget at this figure you will not be disappointed when you want granite, hardwoods, beautiful windows, and landscaping. It is heart breaking to start a project and discover that you can not finish with the quality that you will see in developer’s new construction. Call the Redman Company, they will give you a realist estimate, then get at least three bids. Hope this helps.
Web Reference: http://www.annizilz.com
0 votes Thank Flag Link Wed Feb 18, 2009
Gary,
Until recently I would tell you that the price per sq ft ranges between $175 and $200 per sq ft assuming you use typical finishes that are current tastes. Rooms like bedrooms and dens are less expensive to Kitchens and baths of course. There are many ways you can reduce your expenses by doing demolition yourself and self-contracting though it may be a case of penny-wise and pound foolish as the saying goes. You also have to consider what degree of demolition is involved. Are you razing the home to the foundation or is it a 'gut job' with a complete remodel. Sometimes the remodel approach is more expensive than the rebuild. One key factor is the location of the home and how the finished product will compare with nearby homes. Certainly a lake front lot is worth 'preserving'. But if the location is not the most desirable spot then it is often times less expensive to purchase ready built then it would be to build. When you build you pay top dollar. Often times and especially in this bueyrs market you can find great values on properties with all the bells and whistles you need for much less than building it yourself. Good luck with the project.
Steve
0 votes Thank Flag Link Wed Feb 18, 2009
Construction costs for average quality runs about $80 per sq ft. That's no hardwood floors, tile or granite. You won't get a fancy cabinet or fixture package for that either. If you're looking for some pizazz that number will be up in the $110-125 per sq ft range. On top of that you have to add your lot costs. Building costs haven't declined dramatically with the rest of the market. That's why builders are having such a hard time.
0 votes Thank Flag Link Wed Feb 18, 2009
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