“Post-World War II Conversions”
Recycle a plastic bottle, and you get 25¢ (at least in some states).
Recycle a pound of aluminum cans, and you’ll make about a $1.
But re-use an existing foundation to build new construction, and how much will you save?
Try, $25,000 to $35,000.
“Lower” Upper Bracket
In fact, that’s the business model for builders tailoring their offerings to home buyers who want new construction in close-in, city locations, but don’t have $1 million-plus.
Dubbed “post-World War II conversions” by local builder Dave Alan, such homes reuse the original home’s foundation, then build on top of it to create a basement with eight foot ceilings; a first floor with a deluxe Kitchen and open floor plan; and an upper level with three big Bedrooms, including a larger owner’s suite.
Lots and lots of windows.
The price range for the above?
Anywhere from $650k to $850k, for around 3,500 finished square feet.