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Question for the RE investors/those with upgrade experience.

By ih8alameda   Follow   Thu, 16 Aug 2012, 1:18am   242 views   2 comments
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I was wondering if people with knowledge of upgrading costs can give me your guess as to how much it cost in upgrades between two similar properties.

1124 holly st alameda, ca 94502 http://www.redfin.com/CA/Alameda/1124-Holly-St-94502/home/1201406

nicely done vs

3425 catalina alameda, ca 94502 http://www.redfin.com/CA/Alameda/3425-Catalina-Ave-94502/home/1890611

Listing price difference of $100k! Wow.

I've seen both, the one on Holly is definitely not a cheap flipper upgrade, kitchen has permits, nice pull-out drawers, etc. but 100k?

To be fair, Catalina is under-priced. Two exact model townhomes sold for $425k in the past 6 months, 1 being a short-sale. I fully expect it to go for at least $425k.

so $75k? what do the experts say?

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1. ih8alameda Follow Befriend 7 threads 36 comments

   1   2:43pm Thu 16 Aug 2012   Share   Quote   Permalink   Like   Dislike   hmm, i guess nobody's bored today. =P

2. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   2   5:14pm Thu 16 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   If cheaply done, it's about $20/sq.ft. for remodeling a house. If nicely done, you're looking at $40 to $50/sq.ft. I couldn't see the pictures for the house on Holly Street. I guess I must sign in, but I don't have a Redfin account. 1) Kitchen can be anywhere between $10k to $30k. 2) Bathrooms are $5k to $15k 3) Flooring is from $5 to $15/sq.ft. 4) Pre-hung bedroom doors, $350 to $600/each 5) Closet doors, $300 to $500/each. 6) Baseboard, $3 to $4/foot 7) Painting is about $1 to $1.50/sq.ft. 8) Stairs, $12k to $20k. 9) Scrape down popcorn acoustic, texture and paint, $4k to $6k Yes, that's only for the interior. :)