Basement built thread. Getting city permit with my awesome drawing :-)

[Coleus]

Originally Posted by The Grizz

Thats a big price tag!!! I am so glad that I am able to do everything myself, it takes a little longer but I save a ton of cash.

I can do it but afraid i will screw it up just like how i did to my old house. Don't want it to happen again

[Delphinus]

Originally Posted by Coleus

want to do mine? lol :-)

Hah, if you're OK that I come and do the work between midnight and 4am, sure !

You'd be amazed what your family can learn to sleep through.

Originally Posted by The Grizz

Thats a big price tag!!! I am so glad that I am able to do everything myself, it takes a little longer but I save a ton of cash.

I hear you. You can certainly save a lot and in all fairness some of it is actually kind of fun. I sort of see it both ways: I understand why it costs a lot, but on the other hand .. it costs a lot!

[kien]

Opportunity cost. Sure you can save a lot of money by doing it yourself, but getting someone else to do will also free you up to do other things, like spend time with your family, sit around and admire your tank (or curse your tank).

Not everyone can afford to burn that kind of money on a reno, but not everyone can burn those kinds of hours spent on a reno either.

At any rate, perhaps look into the middle of the road options as well. That is, instead of getting one person (or company) to do the whole thing, break it down into parts or smaller projects like, framing, drywelling/mudding/taping, electrical, etc, and maybe do the smaller easier projects yourself while hiring someone else to do the bigger "projects".

Of course, if you can afford to have someone come in and do the entire thing you mind as well

[Coleus]

Originally Posted by kien

Opportunity cost.

OMG, you remind me of economic 101 all over again. Does breaking down will be cheaper than one person do it all?

[kien]

Originally Posted by Coleus

OMG, you remind me of economic 101 all over again.

is that a good or a bad thing?

[mark]

where's the fish tank?

[Coleus]

right beside the wet bar

[Seriak]

And the kicker is, or at least that is what my real estate agent tells me. If you sell your house you really only get 10-15k depending on whether you have a bathroom or not. Pretty much a break even prospect if you do it yourself and a loss if you hire someone.

He told me not to bother to develop my basement if I was going to sell soon.

I would try to do what you can yourself. There is also the permit issue you will have to deal with.

[Delphinus]

Originally Posted by Coleus

OMG, you remind me of economic 101 all over again. Does breaking down will be cheaper than one person do it all?

I doubt it, but it would have the benefit of spreading the cost out somewhat rather than a lump sum.

[kien]

Originally Posted by Coleus

OMG, you remind me of economic 101 all over again. Does breaking down will be cheaper than one person do it all?

The last few times I renovated (two basements and a total kitchen reno) it was cheaper for me to part it out. I think it all boils down to who you contact and what contractors you hire. Some of them will try to do the whole thing themselves which may be a good or a bad thing I dunno. Some of them will part out and if they part out they will either give you the cost of the sub-contracted labour or mark it up to make a few bucks out of it themselves.

I guess you won't really know unless you add up all the numbers.