I don't expect it finished for 125k I'm saying that's what I have in my 40x100 shop. The inside would be all to code. Wiring, plumbing and structure. It would be open cathedral ceilings or everything drywalled inside. This will be an additional building separate from my 40x100 shop. I used that as a reference. It will basically be a new pole barn on the other side of my land. Again the 40x100 and 125k was for reference only to make A point of what a 4000k sq ft area cost me vs 125k for siding and a small addition on my already small house.I think you would be hard pressed to get it done for 125K. Remember you would have to meet fire codes, so all living spaces drywalled from shop area.
Work with a builder to get prices, and layout.
What would you do for sewer?
On my land. We have 6 acres now. I'd bulldoze my old house when done.Would this be on the same property or somewhere else?
I don't expect it finished for 125k I'm saying that's what I have in my 40x100 shop. The inside would be all to code. Wiring, plumbing and structure. It would be open cathedral ceilings or everything drywalled inside. This will be an additional building separate from my 40x100 shop. I used that as a reference. It will basically be a new pole barn on the other side of my land. Again the 40x100 and 125k was for reference only to make A point of what a 4000k sq ft area cost me vs 125k for siding and a small addition on my already small house.
Sewage would be a septic system.
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I'd bulldoze my old house when done.
I'm interested to here why?Wow.
This whole scenario makes no sense...
I'm interested to here why?
I think that no one, which is on par for this forum, is reading the whole thread. I never said my building was finished with living quarters for 125k. That is simply the structure, excavation, driveway, electrical, heated floor, doors and so on. I know that the interior would be more on top. I simply used that as a reference for cost. I know no one will read this and it will be mentioned again.You claim it will cost $110k to add 400 square feet.
BUT
you can build a new FOUR THOUSAND sqft home/shop, finished,. same level of quality, including batrooms and kitchens (THE most expensive parts of a home) for $125k
and then you will bulldoze a house that you have been living in. As if it has a value of $0
IMO, this is what I see:
1. You are inflating the costs to add 400 sqft
2. Your costs to build a 4000 sqft barndominium are way low.
3. If the home you are in isnt condemned, you are ******* away $**,000 by bulldozing it.
If you WANT to build a new shop, go for it. But IMO it cannot make sense over a 400ft add on. 400 feet is a 20x20 room. $110k?
Now, perhaps you are saying that 125k will just be for a shell. Add another 125-200k to make a habitable home inside half of the 4000'? Then bulldoze the old home?
IMO:
Add 400 feet of living space to existing- $40k-50k
Build 4k shell - $125k
Finish half of shell, to allow occupancy - 125++
I just finished a project similar to what you are talking about. We bought an existing pole barn structure 48x36, with 18 ft walls. and (2) 12x14 overhead doors. It was on 4 acres of property in a rural area about 65 miles west of Washington DC.
The owner we bought from is a contractor and he had built it for himself about 10 years ago to store his RV and some other equipment. He liked it so much, he built himself another one a few miles away, slightly bigger and put an apartment in it for himself and his wife.
I wanted a 2 bed/2 bath apartment full kitchen etc built into it, mostly on the second floor, with one of the bedrooms and 1 bath on the first floor. I was trying to maintain as much floor space for the shop area as possible.
His initial estimate to do this was 50k on top of his asking price for the property of 125k. The 50k ended up being more like an additional 125k. Although it is pretty well appointed. Granite counter tops, Hickory hardwood flooring up stairs, and wood like porcelain tile downstairs with hot water heated floors in the first floor living spaces. And geo-thermal heat pump, with a pellet stove upstairs as well.
But the cost mostly went out of control from the start with all we had to do to make it pass inspection to be a livable space. He way way under estimated those costs. We had blown through the 50k original estimate before it was fully framed out.
In the end we are very happy with it, and he did good work, but even having done one for himself he had no idea what it would cost to get the county to sign off on it as a livable space. Also we had a bit of trouble getting the loan done. Several mortgage companies said no right away. They had a problem with the work shop space being bigger than the living spaces. I think had we done a separate smaller house, maybe a modular home, the price may have been about the same or even slightly less, the county wouldn't have been such a hassle, and the mortgage would have been easier to obtain.
I think that no one, which is on par for this forum, is reading the whole thread. I never said my building was finished with living quarters for 125k. That is simply the structure, excavation, driveway, electrical, heated floor, doors and so on. I know that the interior would be more on top. I simply used that as a reference for cost. I know no one will read this and it will be mentioned again.
Now onto my home, I didn't think I needed to elaborate, but again for this forum, I should have known better. So to build the addition is 140-160 per square ft, so figuring a 400 sq ft addition is 64000, ( I never figure low side) for a master suite and basement. Then the basement of my house needs a new floor, figured 10-15k for removal and installation, then add a radiant floor on top of that, since I have a boiler, so that would be rough guess $4500 installed, plus the mixing valve for the furnace and the radiant floor for the new addition. Then the concrete outside my basement needs to be redone, our pricing has come to 3k to remove and redo that. Now, our house is a yellow color, I hate it, so no sense in putting new siding on the addition in yellow if I hate it. So to reside the house, 7-10k, then move to the interior. Our house is dated in some areas. So to remodel the kitchen and living area, our quote have come back to the 10-18k depending on how elaborant we get. So add that all up and then add 10% for incidentals we are roughly at 125k and in the whole grand scheme I'm only adding 400 sq ft of living space.
So the math is simple to me. For 125k if I can build a new barn, then I think it's a better option. And if I ended up with another 75-100 on the interior, I think that it would put me in a much better position for long term.
And also mentioned above, the most cost is inside. All the framers I have spoke with say the opposite. They all say that majority of your cost is in the main structure, framing is cheap.
As for value on my own home. I live in a country setting. I have no interest in moving. My 40x100 for my trucks is here and finished. My family is here, siblings, my dad, so I'm staying. The house I currently live in is small and older, 1974, no that it's a bad home. I just can't envision putting this kind of time and money into it and still have the same home. It can be moved, since it's a modular, but finding someone to do so will be difficult, not unlikely, just difficult.
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I think that no one, which is on par for this forum, is reading the whole thread. I never said my building was finished with living quarters for 125k. That is simply the structure, excavation, driveway, electrical, heated floor, doors and so on. I know that the interior would be more on top. I simply used that as a reference for cost. I know no one will read this and it will be mentioned again.
... Problem is cost of land - everybody thinks their 1 acre across from the junk yard is worth $20,000. If it's 2 acres nice out in the country then it's $45,000. ...
I'll check it out. There is no discussion of our county changing. In fact we just had a meeting for our township and the county said if it ain't broke don't fix it and don't call to throw up red flags. We don't have city sewage so septic is the only choice.Something you need to consider is the septic. I believe there were some rule changes after the beginning of the year. Might want to check on that before you get everything lined up.
Another member here Luke built what he calls a Harn, house/barn. I believe he did most of the interior work himself after having the building put up. He's in Crestline, just west of Mansfield. His build below.
https://www.garagejournal.com/forum/showthread.php?t=226535
I'll check it out. There is no discussion of our county changing. In fact we just had a meeting for our township and the county said if it ain't broke don't fix it and don't call to throw up red flags. We don't have city sewage so septic is the only choice.
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I need to be around 4 bedrooms. I don't think I can squeeze that into a single floor.One of the benefits is cheaper sq ft. For living would skip the second floor idea, make it all on grade. I can see doing this, start new.
What does that have to do with this thread?Everyone should build and live where they want, but knowing where you’re located and what you’re planning, you’re never getting your money back out of it. That’s just reality. Now, it may not matter, but it is reality.
What does that have to do with this thread?
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For this build it does not matter to me. I'm gonna break the statistics cause I'm planted. Unless something major forces our hand then we're staying.Well, if I were spending the kind of money on a property and structure you’re talking about, resale value would be among the things considered. That’s all. It may not matter one bit, but statistically speaking people don’t live in the home till their death. Just thought I’d mention it as something you might consider.
Good luck [emoji481]
I plan on itHell yes get after it man!!
Everyone should build and live where they want, but knowing where you’re located and what you’re planning, you’re never getting your money back out of it. That’s just reality. Now, it may not matter, but it is reality.
