A good rule of thumb is the 75/25 rule where the hard-costs are about 75 percent of the Total Project Costs, and the soft-costs are the remaining 25 percent. Learn what this means for your project.
Read MoreHow to Determine Your Construction Budget? Start Here... Save Thousands
Nailing down your approximate budget and priorities will save you thousands of dollars in the long run. What I’m NOT going to do is tell you how much a second story addition costs. What I AM going to do is give you a means of making some estimates based on average costs per square foot. If you want to know if your foundation can hold a second story, yes, you should call an architect. If you want to be able to discuss with your partner if you can afford even to CONTEMPLATE adding a second story, keep reading.
Read time 6 minutes
Read MoreHow to stay within your construction budget
You must plan for the unknown as inevitably there are surprises in every construction project. One of the few things all home owners commiserate about, regardless of whether they have been through a construction project or not, is the idea that projects always go over budget. Want to avoid this? Pick one: Higher contingency or higher architectural fees.
Read time: 5 minutes
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