around the cost of doing this.. But Ken's idea of taking 75% of the existing market
value was a good idea to cross check and see if adding a 2nd floor was more
cost effective versus just straight out buying a colonial with more living area in lieu
a ranch conversion. About the property there was more than just the conversion and
also included Title V since the property was not on Andover water and sewer network.
I decided to pass. Better values elsewhere.
whatever the existing sq ft of your foundation and floor plan is currently will be doubled providing that the current foundation supports it. Will the existing foundation support another floor on top? You might have to consult a structural engineer. Also check on the building department about height and other building requirements and or limitations. I hope this is helpful. Yanni
For market value when you are done- something like this as a ballpark-
Take the single family price per SF that is the average in Andover. Then take 75% of that number. Use that to multiply your extra SF-gla that you are adding/ plan to add. I think that'll give you a rough ballpark for "market value".
On that note, I assume you haven't bought it yet? If that's the case, there are a couple of good mortgage options out there where you can borrow most of the money needed to do this kind of home improvement as part of your mortgage amount. If you'd like more details on that, please let me know. Thanks and good luck,