What’s a rough estimate on how much it would cost to renovate + expand a cape cod in NJ?

Say 2nd floor addition to make it 3bd 2bath + 200sqft living room addition on first floor and renovation (kitchen, flooring, repair walls after wiring)

Is 300k a good budget?

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That’s also tax roulette. You will be reassessed keep that in mind. Probably more than 300k with current lumber costs. I am redoing two baths going to be about 40k for those. Also make sure you check out permitting fees it can be expensive.

Will you make your money back? What is your starting sqft and bed/baths? What will the ending sqft be?

Thanks for taking the time to write all this and provide feedback. Really appreciate it and it’s pretty helpful!!

The house I’m looking at would sell for 625k and with Reno’s I’m like at 1.25M. I think it would value at that in this town but with ur feedback I rather find something in 500k range to be safer. Plan to just make it my forever home so can be patient.

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