Originally Posted by atkinson27
We're considering putting a 350-400 ft addition on our 3 br 1 bath home. The home was built in the mid-80s to HUD standards. This addition will have a "master" bedroom and bath and possibly a small office space--nothing extravagant keeping with the current style of the house. Our home is a territorial style rectangle with propanel roof. Wood stove/forced air.The lowest quote we received thus far is $130 a sq. foot. We live in Taos, NM and just wondering if this is par for the course these days. We plan on soliciting more bids but just wondering what truly is fair these days, give inflation and slumping economy.
This is an interesting point, regarding whether the pricing is different on SF due to the lag of new construction in the economy.
The reality is this; the reputable REMODELING and ADDITION contractors are not lowering their pricing.
The contractors that might be lowering their prices, are the one's that do most of their work in(and are connected to)the NEW residential home-building and field.
Just as doctors, banks, pharmacy's, gas stations, & others are not lowering charges.....Please be aware, that the majority of established Remodeling and Addition contractors, are NOT lowering their prices.
Again, I am not talking about the "New Residential Construction
" industry, I am refering to the Remodeling and Addition Industry, which is still booming.
I based this fact on our own pricing, the pricing of many fellow Remodeling & Addition GC's I network with, and my conversations with the same type GC's, I had at a NARI dinner, I went to this past Wednesday evening. (National Association of the Remodeling Industry)