well my immediate family is moving into a new home soon and i will be in charge of the renovations and remodeling. id like to leave the back yard open for patio space and the pool the we will be installing. but on top of the first or second story id like to add an open sun room of sorts. my question is; has anyone had any experience with adding another level to their homes? we will be intentionally buying low and getting out more for the remodeling. we will have between 20 and 100 thousand for the projects(depending on certain factors of course). ive found a nice home that would leave around 75k for the projects.to give a little info on my projects- i see a semi sun room the i will use for my weights and workout equipment. there will be no inner walls and the outer walls would be only a few feet high with the rest of the wall space being filled with glass and windows. i tell you this in hopes that maybe you could relate similar projects to mine and give some sort of cost that i might expect. there is no room either in reality or in my mind to spread the house outward into the yard since yard space is almost more precious then a homes sq footage. also, for any other projects, what sort of questions and research should i do before going into a deal? and to finish off this topic, is there any way i could make up a legitimate contract for the contractors stipulating certain terms and agreements? id like to be in complete control of this situation seeing as how this is our house and not some guy washing my car.
just a few little facts about my situation to help you help me; i live in texas in the dallas area and in our price range and certain select housing features, i found near 400 homes for sale. if i would have set the threshold to a bare minimum, the number goes up to nearly 650. and our maximum price would still be about 80k lower then the average. that home count isnt taking into account the foreclosed homes or new builds. when i look for houses up to a million with almost any square footage and other aspects, that number jumps to a staggering 1300. thats also not counting multi family or any attached home of sorts. also, a (simple) majority of homes have been on the market for more then 3 months, with new listings pushing other homes into the previously mentioned category daily. is there anyway i could use this housing economy to my advantage in regards to the remodeling projects? also, we have some of the lowest costs of living in the nation and home prices are extremely appropriate(low) when compared to other states. so if all this helps you give me me any advice, great. if not im sorry i wasted your time. thank you for any help and have a great week folks.
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