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URL:  http://boards.fool.com/i-seriously-underestimated-the-scope-of-the-30473894.aspx

Subject:  Re: January ThyPeace Update Date:  1/8/2013  4:21 PM
Author:  Gingko100 Number:  306665 of 308782

I seriously underestimated the scope of the repairs though.
Remodel work is always more expensive than new work. Always. And often a lot more. You must hold budget contingency for hidden conditions - very often things uncovered are damaged, not to code, different than needed to support new work, etc etc etc. It's often not even possible to know what you will have until demo is complete.

Six years ago I replaced my roof. Was to have been $12K. Discovered that an inaccessible rafter was dry rotted out, and that the adjacent studs at the front of house were as well, which involved reframing & restuccoing.. None of this was visible prior to work being done as gyp was tight to structure. All in all I spent $40K. Work well worth doing, but not cheap.
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