DraimanLet me see those devil horns in the sky
Kill Devil Hills, NC
|reply to Draiman |
Re: Garage addition
All said and done the cost will be around $80,000. It will add around 625 sq. ft. to the GLA of the house. A garage bay is worth $5,000 to $7,000 per the appraisal. The sale price per sq. ft. is about $125 here right now so the new area will be worth around $78,125 then add $10,000 for the 2 garage bays and it should be worth $88,125 this year. As the property values go up it will increase in value. The build price would be $80,000 minus $10,000 for the 2 garage bays then $70,000 divided by 625 or $112/sq. ft. for the new GLA.
From a raw sq. ft. point it's a 27' x 28' 2-story so that's 1,512 sq. ft. for the new structure or $52.91/sq. ft. for build cost. Really 280 sq. ft. of that is attic so only 1,232 is use able space which would make the price $64.94/sq. ft. for usable space. The average price to build in 2012 was $79.67/sq. ft. per the National Association of Home Builders for some perspective.
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