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I was playing it safe and assuming a family adding one more room to a multi-room house. The 10% is on the low side. Where I live, it's an extra $100,000 between
by RHSeeger 7y ago
I was playing it safe and assuming a family adding one more room to a multi-room house. The 10% is on the low side. Where I live, it's an extra $100,000 between a 3 bedroom house and a 4 bedroom (or adding a bonus room), and then bump that up another $50,000 for the total cost after mortgage interest, utilities, etc. But nobody (that goes into an office) seems to want to believe it costs $150,000 to work from home (but then you save some on commute costs, so there's that). My manager actually made a comment about how it must be nice to save money by working from home (commute costs). I laughed.
- klyrs 7y agoAdd TWO rooms to that house. It sounds like you live in an area with inexpensive housing. Folks who rent face an entirely different economic reality.
- RHSeeger 7y agoI live in the suburbs of a larger northeast city, so not inexpensive, but not city-apartment levels, either. Going from 3 bedroom to 4 bedroom seems to raise the asking price around 90k (from 450k to 540k). Admittedly, that includes houses of all ages/conditions/size/etc.