13 Comments

1. 

   Thaylor Harmor on July 16, 2013 at 3:07 am

   I couldn’t build a bridge over a puddle let alone a loft conversion.

2. 

   avgjoe on July 16, 2013 at 5:32 am

   looks nice

   I think you mentioned permits about 5 times. I assume a lot of people dont bother?

3. 

   Shadash on July 16, 2013 at 7:16 am

   So what does something like this cost? It looks like everything was done correctly. I’ve tried speaking with a couple of these groups about remodeling and they all seem to avoid offering a price.

4. 

   Jim the Realtor on July 16, 2013 at 7:39 am

   $27,500 for architect plans, permits, construction, paint and carpet.

   Yes avgjoe, many contractors don’t mention permits, they just show up and start nailing. It can be a problem when selling!

5. 

   Jakob Nebeker on July 16, 2013 at 9:00 am

   Awesome project. It would seem that having some extra cash to make improvements before moving in brings many more homes into your consideration. I’m actually impressed at the cost, seems very reasonable.

6. 

   Kwaping on July 16, 2013 at 9:56 am

   Thanks so much for posting this, Jim! This is exactly what we want to do with our home. However, that cost is a lot more than we had anticipated – gotta keep saving!

7. 

   Jakob on July 16, 2013 at 10:53 am

   If my math is right, $131 per square foot, not bad at all. Might be instant equity.

8. 

   Just some guy on July 16, 2013 at 3:12 pm

   @Jaokb
   “If my math is right, $131 per square foot, not bad at all. Might be instant equity.”

   If the addition is the difference between making a 3bd house into a 4 bd house, then yeah absolutely. That would be money well spent in this market.

9. 

   Jim the Realtor on July 16, 2013 at 4:53 pm

   This addition turned the house into a 5 br/3 ba, 3,086sf home, and added equity. This was the Businessweek house, which happened on the weekend of March 23rd, and the owners paid $610,000.

   A logical person would probably think it’s now worth $650,000 or so?

   There were some crazy bidding wars around San Elijo Hills during the frenzy – this was one block over and listed on May 2nd for $649,000:

   http://www.redfin.com/CA/San-Marcos/1431-Dolphin-Ct-92078/home/6537680

10. 

    Mike on July 10, 2016 at 8:11 pm

    Is this video still available to view? It is currently restricted.
    Thank you

11. 

    Jim the Realtor on July 10, 2016 at 9:38 pm

    No sorry

12. 

    Stephanie on October 8, 2020 at 10:56 am

    We are in the market for something like this in Ramona. Our bids for 70sq ft of loft space are 29k -45k. that seems ridiculously expensive. Do you have any contractor recommendations?

13. 

    Jim the Realtor on October 8, 2020 at 11:43 am

    I don’t have a recommendation. Everything is more expensive as ever!