http://www.realestatejournal.com/col...1-hagerty.html

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Again your barking up the wrong tree. There is no mention by the poster of selling the property which is where the folks in your link are headed.

Again the question is "do you have any relevant suggestions regarding the subject "What is the "going rate" for an home alterations?"

Please try to stay on topic.

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Rest In Peace SuperGreg <3

$100/sq ft in NJ is tough find $150 sounds reasonable. Location, location, location. Unless you can import somone to work for cheap.

I don't think your to far off. Cost of materials has risen dramatically.

Your best bet is to get referrals(friends or neighbors). Interview them well and check their references. Good contractors should be proud of their work and have a list of customers with projects similar in scope to what your doing. Don't be afraid to call them and drive by/see their work.

Good contractors are worth the wait and can easily have a 6-12 month backlog. Be weary of anyone who can start quickly or appears hungry.

Most contractors will probably be offering you ballpark pricing until you are ready to commit to them. There's a lot of effort required to put together a detailed estimate. A good estimate should be detailed and broken down, plans,permits, electrical, foundation, plumbing, heating, allowances for fixtures, tile etc.

If you live in a town with its own building department they too might be able to provide you a list of contractors. They sometimes don't like to do this for obvious reasons but they are usually familiar with whose doing work in your area and who some of the good guys are.

Most importantly, have a well written contract, detailing the scope, start and end dates, payment schedule and never let the money get ahead of progress.

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I'll let you know what our bid is going to be because I'm going through the same process. I'm adding a 2 car garage and a second story addition on top attached to our existing 3 bedroom home on 1/2 acre. We were trying to sell for about a year with no bids in this dead California market so we decided to stay and do an addition.

I'm at the beginning of the process now but hope I don't end up with your troubles. California is particularly hard hit in the housing market as well as the contractors who are out of work as a result.

BTW my budget is $100,000 for 620 square feet and half that is a garage which does not require much fit and finish. Keep in mind I live in the Bay Area of California where things cost more than average.