Cost estimate questions (new invester)
Hello, everyone!
I have a few cost estimate questions. I know it's hard to accurately estimate w/out seeing the house. I'm just curious about, in the ballpark, how much these will cost with basic stuff.
1. In Atlanta area, how much does it cost to convert a two-car garage into a living space, assuming the garage is not heated/aired? Assuming what need to be done includes floor, wall, ceiling, insulation, and painting (did I miss anything?). I know the distance between the garage and furnace also plays a role - how much difference in cost are we looking at?
2. How much does it cost to add a kitchenette, assuming there is a wastewater pipe nearby? Nothing fancy, just basic materials and appliances.
3. How much does it cost to add a bathroom to the house? Again, nothing fancy. And assuming there is a wastewater pipe nearby.
Thanks a ton in advance!
Most Popular Reply
@Shay Yao Hey! Yes it's hard to price this out without knowing the property details and what grade materials you’re using etc. Cherry-picking rehab costs won’t give you the full picture since everything ties into existing systems, permits, and infrastructure.
For a garage conversion, you’re adding sqft which means extra costs for HVAC, insulation, electrical, and possibly new windows or structural changes. For a bathroom or kitchenette, the biggest factor is plumbing...if a water line is close, your in the money, if not, costs jump.
Best approach for now? Use $70–$90 per sq. ft. for your napkin math. That’ll give you a rough idea until you get contractor bids. Once you have a property in mind, getting a few estimates will be the best move. But I get it, you need to know if it's a go or pass..!