This is really good. I bought in Oakland just before COVID. We can't afford to sell and move to a bigger home now that home prices have skyrocketed in the city and mortgage rates really make a move prohibitive. We'd have to move to a less desirable neighborhood to get a bigger home and stay in Oakland.
Well basically they destroy the house and you’d a second floor. They rip out the first floor and reinforce the walls and rip out the roof and build a new floor, rooms and a new roof. The staircase takes 20% of the floor space.
Thank you very much, I can hear you clearly. I like the idea that the upstairs can be larger than the ground floor and putting the bathroom above the one downstairs. I have a bungalow in the sunny carribean, can't afford an architecture but after listening to you I will be able to hire the architect on a needs basis and ask informed questions. Maybe you can come for a 2 week vacay and help me...just praying I need all the help I can get. Will travel to the Card in April 2021
I'd love to learn more about the granular details of the billing. Who pays for engineering (structural, soil, etc.), is it on the contractor to VIF, or out of the architect's fee, or paid directly by the client? All viable options, but I'm curious what you prefer for this scale/scope of a project. Do you mind sharing your design fee for this--I know, closely guarded secrets! Would you do it as a percentage of the estimated construction cost or a flat fee for SD-CD with your std hourly rates after CD for project administration. Do you have another video on fees for architects. I've worked in offices in several parts of the country from SFRs and up to multi-program projects internationally and there are some commonalities and also many nuanced variables in fee structures. Just curious to learn more of your insight and take. Thanks for the informative video!
@@pl2604 you’re saying at this scale of project the architect will pay the engineering out of their fee? I ask because on large scale projects architects do not pay for engineering out of their fee, though they might bill the client for the engineering and pay the engineer rather than the client paying the engineer directly, but consultant fees are not out of the architect’s fee
This is misleading. You can end up underwater. Your second floor addition and renovation will cost the same as the house. The staircase takes up a lot of space, like 100 sf of it. A second floor addition involves trashing the whole house and only leaving the wall studs, which will have to be reinforce with new framing. The resulting house usually lacks curb appeal and looks awkward. You have to bring the old house up to code when altering with an addition, so you really can’t lift the old house and build underneath. The roof and ceiling a ripped out, while the house underneath is gutted, the below foundation and footings may be reinforced, a floor is built where the ceiling was to be strong enough to hold the second floor, new walls, attic and roof are built. It’s a more expensive and complicated project than building a new house and they have to be fast enough to avoid rain in other states. It’s better to live under the footprint of the old roof. Keep the wood in the old attic in place, it’s easier to repair the roof by climbing on a single floor. There is a shortage of entry level small houses. It’s also one level living and easier to cool and heat. The smaller tax increase is a good point though. You can easily afford a small house, but if you go into debt to build a second floor, you can end up going broke and foreclosed on by buying too much house you can’t afford. The second floor upstairs can now leak and cause mold potentially. Also dormers leak at roof joints, and a the attic ventilation is now suboptimal due to a complicated roof line. For sustainability, you are throwing away the carbon locked in the roof and attic and the walls you are gutting. It’s also not income necessarily as you are going into debt to build this. Maybe you can recover it with rent or by selling, but personally I considered this project, but I value having a cheap worry free small place to live. You more often see larger houses eventually go into foreclosure than smaller one story ones.
I think this only applies to California where houses are one million dollars for 1000sf. I think MAYBE he is saying he is so good with framing that he can do it an efficient way. But yes I did the research and because the first floor needs to be made up to code, a second story addition means destroying the first floor, reinforcing the structure and building a second floor almost from scratch. You can save on foundation if it is deemed sufficient. You have a huge staircase and now you have to climb on the second floor to do your roof if it leaks making roof replacement more expensive. If you have money to through at it and can’t buy a larger house then why not, but you will not make money on it. You will likely be underwater if you try to sell it. 100% right on resulting house lacking curb appeal and looking awkward. There is a NJ second story builder and all of his houses look so awkward and I pleasing to the eye with misplaced windows and misplaced doorways. You are MUCH better off redoing the floor plan to make it the most pleasing and efficient. I also value having a cheap single story house to live in. I can climb in the roof and fix a leak myself and do my own gutters. I put in a second story, I am now in debt and have to chase people to pay me rent to make it back.
Hi Michael, Our apologies for the delayed response. We have checked the audio and have no problems hearing it. Perhaps you could check your audio settings and try viewing on another device. Again, so sorry for the issue.
Hi Minni, Thank you for your message. Your math is incorrect. Todd cited a construction cost of $550,000 to do this addition. The additional square footage is 750sq. ft but the equation has to include the whole house at 1500 sq. ft. because the whole house is being renovated. The cost per square foot to add therefore is $367 per sq. ft. This case study that we present involve taking a small, unimproved 1920's, 2-bedroom, 1-bath house and "maximizing" the value. This involved significant changes to the layout including turning the bedrooms into a great room, maintaining the downstairs bathroom, expanding the kitchen and modernizing it and providing access to the outside, putting three bedrooms upstairs including a master suite and another bedroom, all new electrical and plumbing. The square footage would at minimum double and, given Bay Area real estate market, this is a strong investment.
But it will still be less than moving in to a different county, or different area with more expensive market, is what he's saying. Someone I worked for took a 40k house, razed it and built a 1mil house. Every one else's taxes sky rocketed and his was laughably lower than any 1mil house here in Omaha, NE. Now they're able to sell their dookie ass houses for $1-200k with nothing done. From ONE HOUSE being built nice,...
That is incorrect, my house is 1288 sq ft, if I were to go by your saying, than I would be paying over 900,000 dollars just to get a second floor add on.
@@litsven7368 that's the math he used based on his example. Did you watch the video? He initially said $500 a sq ft but if you do the math it comes out to be much higher.
@@nieshar1 Thanks for your message. The case study is for a $550,000 2nd story addition at a cost of $366 per square foot. This is a whole house renovation and addition. Please see our response to Minni above for details.
Hi Will, Thanks for your message. We are so sorry you were unable to head the audio. We have checked it and there is no issue with the audio on that video. Perhaps you could check your audio settings and also try viewing it on another device.