I have a detached home in central Toronto (ON). Brick, built in 1955. Foot print is 20X30 - two floors. I am trying to decide whether to gut the house or add an addition. The renovation to put on a 20X20 two story addition, plus basement is between $250k and $350k based on two estimates. I have heard it may be similar price and easier to do a complete rebuild for all new 2000 sqft house. Does this make any sense?
Answer:
If the existing structure is in good condition I would add to it. This provides some advantages - no demolition permit, cost of matgerial, no hauling away the old, uninterupted occupancy (more important than meets the eye), less legal fees, retaining curb appeal, and the list goes on.
In the interests of retaining credibility and in fairness to all, I cannot comment on specific products, recommend prices, people nor companies for various projects.
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