House Raising and Remodel
As my partner and I are waiting somewhat patiently for our estimates to come in for our whole house remodel, I can't help but think that maybe we are in too far over our heads!
We own a 110 year old home located in a small town in the foothills of the Berkshires. The house has become more and more "rustic" over the past 3 years that we've lived here and we are finally ready and able to take some action in making it a more comfortable place to call home.
The 1600 sq. ft house that I can't quite call a cape, but would say is closest to that model of home, sits on a very uneven, crumbling stone foundation that has lots of open gaps and some spotty repairs that previous owners had attempted. The insulation in the basement is really non existent and the dirt floors are truly mud floors with areas of standing water throughout the year, especially lately with the recent weather in Western Massachusetts. The moisture comes right up through the floors and into our home, causing some major warping of the wood and poor air quality. We have had some contractors come to give estimates on a new foundation and have discovered that we are going to have to have the house raised a few feet, some excavating done and then new foundation poured to give us a full basement, (half of the area now is simply a crawl space). In order to do this we are told that we will have to have 6 trees along the back side of the house removed, they line the west side of the house about 8-10 feet from the foundation, an old porch addition demolished and one of the chimneys taken down about 30 inches from the top. These things are just so that we can raise the house. We are then going to extend the foundation another 10x22 (I think) where that old porch addition was, to add a new addition for my partner's home office and to extend the first floor master bedroom.
I really wanted to add three dormers upstairs as well as make one of the open rooms up there a legal bedroom, finish all the floors and replace most of the windows on the first floor in this remodel, but I am afraid to even guess what this basement project is going to end up costing! With the repairs and remodeling I am hoping we will have about a 100k in equity which will of course be used up for the financing of this project. Does anyone have any guesses as to what this is going to cost us? There is a part of me that just wants to move! I am excited but I'm growing impatient waiting for these estimates to come in! Any thoughts?