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Remodel & Renovate in 95129 : Real Estate Advice

  • All69
  • Local Info4
  • Home Buying28
  • Home Selling6
  • Market Conditions1

Activity 12
Sun Jun 4, 2017
Shylosdead answered:
That is definitely way too high of a bid I am a contractor in the Los Gatos area grew up and raised and did most of my business there I would do that for you for 65 to $75 a square foot that's about all it should cost you anyway my name is Paul 669-226-0691 call me if you need any further assistance also licensed engineer as well thank you ... more
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Sun Aug 28, 2016
Tinoresident answered:
Where is your project. You asked at zip code 95129, but it appears you are in Spokane, Washington. The construction cost would be very different between these two cities.
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Thu Aug 18, 2016
answered:
The new ones are much better than the old ones, I would just point out not to put one on leased land.

I have a loan called a "One Time Close" loan that will enable you to buy the land, the modular home and pay for the improvements all in one package.

It has a low down payment of 3.5% and is a FHA program so it has low rates in the 4%APR range.

Call me at 714-968-2500 for more information

License number 287206 bre 01080071
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Sun Aug 14, 2016
Tinoresident answered:
Santa Clara County Assessor has been treating the “leave one wall up” construction “as new” for at least 10 years. This construction will be treated as a new house in terms of assessed value, not as a remodel. In this instance, the homeowner receives no tax advantages, but the County property record also shows this house’s age all the way back to the original construction date.
For example, if you leave a wall up in your house that was built in 1960; your project expands the house from 1,200 to 2,000 square feet; you totally rebuild the house in 2016. Your 2015 improvements (house) value per Assessment was $120,000 because you bought the house many years ago. After the new house is done, the County Assessor would likely reassess the “as new” improvements (house) value to $700,000, estimating that your neighborhood’s average construction cost is $350 per square foot. The estimated construction costs may vary based on the neighborhood you live. You maybe able to reduce the new assessed value some by filing an appeal and show your actual construction cost is less, but you need to produce very detailed records; if you do not, you are likely to lose the appeal. The County Assessor asks for design contract, permit receipts, construction contracts and material invoices, etc. Before the appeal, a County Assessor staff will visit your house to see the finish work and may make a settlement offer before the appeal. I have seen most of my friends settled rather than going to the appeal.
If you are in a slow real estate market without multiple bids, the savvy buyer or agent may negotiate down the selling price by stressing your house is not a brand new construction, but a remodel and expansion to an old house.
Overall, I feel this is not a good way to go. You are not getting property tax advantage. Your house’s government record shows an older house. You might as well construct a brand new house.
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Sun Jun 28, 2015
Ben answered:
The planning department will not tell you what their fees will be. They need to see at least some kind of plans first. My last client paid around $900.00 for a bathroom addition. the fees are based on their estimate of the cost of construction. ... more
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Tue Jul 22, 2014
saaveri_11 answered:
Hello Pankaj, Were you able to add a room? Could you please share with us how much it costed you? we are looking into adding a family room of ~400sqft. Thanks Hema.
0 votes 18 answers Share Flag
Sun Sep 15, 2013
Juliana Lee answered:
I'm not familiar with GA but locally building a new house will run roughly $250 per sq ft. or higher if you aren't careful. Adding a bedroom will normally be much cheaper than adding a new kitchen or bathroom.

95129 home values at http://julianalee.com/zip-code/95129-statistics.htm

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650.857.1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
.
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Sun Aug 25, 2013
thuy_singer answered:
what is the cost of the city plan check fee in san jose ca for 499sf addition?
0 votes 6 answers Share Flag
Mon Jul 15, 2013
Steve Mun answered:
Kimmoy,

I think Vickie made an excellent point. Everything is about location.

If you are currently in 95129 , you already know that you are in one of the premier zip codes in Silicon Valley. People are competing to get into the area with its fantastic schools. It would be much easier to fix the kitchen and baths and resell later in this area than to find a place that is newer but not as highly sought for resale purposes.

It depends on what your goals are.

Steve Mun Group
www.stevemungroup.com
650-605-3188
... more
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Tue Apr 6, 2010
Dan Chase answered:
At least 20 years ago a man bought a small cabin right next to a lake. It was in very bad condition and should have been torn down. The location could not be used for a new house because of environmental laws and setback requirements for new houses.

The man literally got permits to add onto each side of the cabin. He then tore down the cabin from the middle and built the rest of the house he wanted in the location he wanted. I am sure it cost a lot more than just a tear down and build would have. But he wanted the location for his new house. To live within the legal requirements he had to do it that way.

I really do not know where a lender would call that line. Be smart, ask a lender before doing anything. The man in the example above asked the town office about replacing the cabin before he tore it down. He found out he could expand it by a certain percentage. Being smart he followed the rules and ended up with what he wanted.

You will also need to follow the rules. That means asking those who give them out. In your case it would be the lender. It may end up as a non-issue as you also get a construction loan for new construction on top of the old loan. But you must get all the information you need before taking the first step. Otherwise all of your steps could be leading you down the wrong path.
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Wed Mar 31, 2010
Timber Creek Construction answered:
We just gave an estimate to a client in Saratoga,
It was a 317 square foot addition to the front of his home.
It was a good sized bedroom with walk in bathroom.
Cost was $76,000.
It included Anderson Wood windows to match existing, tile roof to match existing and such.
These costs did not include architectural drawings or permits.
Most of the time if you can keep the addition below 500 square feet you don't have to pay the school tax fees.

We also gave an estimate to a client in Sunnyvale for a 482 square foot addition to the rear of his home.
It was a master suite with a walk in closet and a good sized master bath.
Cost was $ 106,000

If you need any more information feel free to use the "request an estimate" form on our website.

I was personally born and raised in Sunnyvale, My Father and Uncle were the original builders of quite a few homes in the Sunnyvale area.
... more
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