Home Remodel/Addition Advice

[Benton]

(03-25-2016, 02:22 PM)BengalHawk62 Wrote: No, its that small.  That's why we are adding an addition.   And we're trying to sell, but not having any luck so we've been thinking we love our location, why not build to our satisfaction and stay?  The house was perfect for me and the dog.  But now that I got married, its just a little too cozy in there for both me and the wife. 

As far as a loan goes, I would love to get the equity out of my house into a loan and then add any additional funds in the construction loan.  Then after its all done, combine everything into one new new mortgage.  That's how I have it figured in my head anyways. 
IF we could get the addition/remodel done for $70k and the new garage for $25k, I'd be super happy!  Its not like we are looking for any high end materials.  Just basic drywall walls, windows, carpet, etc.  But what I'm afraid the real expense is going to be into updating the furnace/central air unit. 

You may be ahead by having a new unit for the new part and your existing unit for the old part. Depending on layout, that may be cheaper than trying to tie in one system with the ductwork.

You may also be able to save a good chunk by doing it yourself. Laying carpet in new construction is easy. Drywall isn't too bad with a little practice. Tile fan be intimidating, but with solid planning and a $100ish tile saw, it's not too bad.

But do mot skimp on electrical work. I've known ir covered so many house fires because someone tried to do it themselves. Hire a pro, make sure he's insured.