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Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > House and Home Renovations

House and Home Renovations THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Designing your new condo or townhouse? Renovating your kitchen? Share your photos and project ideas with other experts here! We're not just modifying our cars anymore..

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Old 02-02-2010, 12:18 PM   #1
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Anyone here own property?

Me and my father bought a piece of land out in Maple ridge its a quarter acre with a crappy rancher house on it, for $270k. We plan to fix it up and possibly add another floor to out then rent it out as two, two bedroom suites. My father said it'll cost about $70k to fix it up and renovate.. I think it might be more, does anyone have experience with this? I'm hoping to make some profit on it in 10-15 years time.. We are also looking for contractors too that will offer a good price on framing for the second floor etc etc
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Old 02-02-2010, 12:30 PM   #2
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you need to provide more info.

adding another floor: are you planning to lift the whole house and put in a basement / sub floor? or are you taking the roof off and adding a top floor?

you also need to look into max sq. footage you can build on this piece of land as well
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Old 02-02-2010, 12:33 PM   #3
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Sounds perfect for a grow op too! Can make profit in just a few years!
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Old 02-02-2010, 01:36 PM   #4
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Quote:
Originally Posted by Wetordry View Post
you need to provide more info.

adding another floor: are you planning to lift the whole house and put in a basement / sub floor? or are you taking the roof off and adding a top floor?

you also need to look into max sq. footage you can build on this piece of land as well
yup, wanting to take the roof off and put on another floor. we already talked to the city and they are okay with it
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Old 02-02-2010, 01:46 PM   #5
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Usually with a project like that you would have to check with you structural engineer to see if your foundation is suitable for another level. If yes, you can continue with it and start designing and if no you may need upgrades for the new floor. If everything goes well apply for the permit bla bla. pm me i can give you a price and advice
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Old 02-02-2010, 01:55 PM   #6
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yup have already checked foundation by an engineer, my dad has already designed the layout
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Old 02-02-2010, 01:57 PM   #7
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have you considered doing a knockdown and rebuilding
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Old 02-02-2010, 02:03 PM   #8
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you aint providing much info. How big is it sq ft? current condition? what kind of foundation? height? location? what kind of layout? etc.

^ knock down and rebuild can be too costly but it all depends on the current condition and how much his dad wants to spend

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Old 02-02-2010, 02:56 PM   #9
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i spoke with my dad, when he gets the key then he will want a quote, should be in a couple weeks.
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Old 10-21-2010, 08:46 PM   #10
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Update house is 90% complete. Turning the patio into another room as we speak. Did not add another floor, would have gone over budget.
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