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Chris Kopf Coldwell Banker Mountain Properties

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Crested Butte Home Remodeling Costs

February 5, 2021 By Chris Kopf

Crested Butte Home Remodeling Costs

I have a number of clients who have asked me about Crested Butte Home Remodeling Costs. As well some of my clients have recently finished, or are in the process of remodeling their Crested Butte homes. My wife Francene and I are also in the process of remodeling our master bathroom, and another full bath that is on the main living area – stay tuned…

We are seeing newer homes and newly remodeled homes generating more interest from buyers and fetching higher prices than those that require updates.

Given the reduction of inventory of Crested Butte homes, and compared to the 2-3 year time horizon for building a new home – buying and remodeling is an attractive option for many buyers given the costs, and time and effort.

Buy and Remodel Costs and Considerations

There are some great Crested Butte homes that may need updating, but offer the buyer very good value. The buyer will see a much lower price point, they can close on the home, and put their head on a pillow in 45 – 60 days. I generally find that buyers that live in the home for up to a year have a much better understanding of what they would change and the scope of the remodel has different priorities.

One of my clients was going to make their bonus room into an upgraded master bedroom. Then after spending time in the home they realized instead that the large bonus room space would be better utilized as a media room with a separate overflow bunkroom – and they are adding a full bathroom. To address the master suite – they are also moving some walls around and remodeling the master bedroom, master bathroom and expanding the walk-in closet.

So What Does It Cost in the Crested Butte Area?

In a nutshell it costs more than you think. Many people who have second homes here note they can build or remodel for half the cost in their home market compared to Crested Butte. This may be true.New Home Construction Costs – most architects and general contractors are quoting in the $500 – $600+ price per sq. ft. range for building a new home depending on many factors.

Remodel Costs – There are many variables that go into any cost estimates for a remodel and certainly there are unknowns once the project gets started. We had plans drawn up for a kitchen remodel and expansion of our home and based on the design, it was also in the $500 per sq. ft. range.

Kitchen and Bath Crested Butte Home Remodeling Costs

By far the two areas of a home that most people look to update are the Kitchen and Bathrooms. These are high traffic areas and heavily used rooms. We spend lots of time in our kitchens and especially here in Crested Butte with family and friends the kitchen is the place people congregate. The desire to update or make these spaces “better” is a common desire.

Generally, people start with the cabinets, countertops and floors and quickly realize they want to gut the entire space and start over. Total kitchen remodel (gut to the studs) estimates with high-end finishes, design plans, and using competent general contractors in the Crested Butte area generally exceed $100,000+, and full bath remodels with extras like heated floors, steam showers, soaking tubs…etc. you can expect estimates in the $30,000 – $40,000+ range per bathroom.

As a result of Covid, we are all spending more time in our Crested Butte homes, and many people have been taking on home remodel projects to update their living space.

A recent article in REALTOR Magazine reports that eighty-five percent of Americans surveyed said they are spending more time at home since the Covid pandemic, and 63% are noticing more areas in their home that they want to improve as a result. This trend is also consistent here in Crested Butte. The good news is we have a stable of great architects, interior designers, general contractors, sub-contractors and service providers in the Crested Butte area – the bad news, currently they are overwhelmed with new home construction and remodel work.

People are using their Crested Butte Second Homes More as a Result of Covid

  • More Use by Family– It is not just the breadwinner who is working remotely from their Crested Butte home. I hear frequently that: “…the kids have decided that since they can also work from anywhere, they are ‘temporarily’ living and working out of the Crested Butte home”.  
  • More space needed – People using their Crested Butte homes more, which is causing many to consider they need more space – an extra bedroom (or a new more spacious master bedroom), a bonus room, expanding the outdoor living decks and living areas, and the desire for a larger garage …
  • Wear and tear over time – If you have it use or rent it – but the more use results in wear and tear – renters and pets can be rough on a home – especially flooring. Most older homes had carpeting, or low-quality flooring throughout causing many homeowners to consider updating to quality hardwoods, tile and stone.
  • More time spent in the home, also means more time noticing problems, or areas to update in the home. We recently replaced our furnace and washer & dryer, have a new refrigerator on order and the water heaters which have a life span of 10 – 15 years are next. Many homeowners are also replacing older oversized bulky furniture.
  • More people “working” from the home – Most second homeowners would be spending time vacationing in their home with family and friends. Now more people “working” from the home, the space utilization needs have also changed. We have three daughters and they have friends – when they visit there are many working at the kitchen table – upstairs loft desk, the bonus room has a built-in desk, and the ability to close a door while on a Zoom call is key…
  • Crested Butte Home Internet Connectivity – More technology in the home increases the need to high internet speed and reliable connectivity. More computers and devices as well as on demand streaming services for TV (Netflix, Amazon Prime…etc.) means higher dependency on internet. We have high-speed internet with Spectrum and recently upgraded to a modem that supports both 2.4GHz to 5GHz. The 2.4 GHz band provides coverage at a longer range but transmits data at slower speeds. The 5 GHz band provides less coverage but transmits data at faster speeds. Other options inthe Crested Butte area are Century Link, Internet Colorado and Xtream Internet who use line-of-sight microwave.
  • Investment in Home and Quality of Life – There are various levels of any remodel project, and remodeling certainly represents an investment in the Crested Butte Home – but also the quality of life by the homeowner. We all know – Crested Butte is a special place and it is “fun to be here in Crested Butte!”
  • Lifetime of Memories – After all, your Crested Butte home is the place that we get to spend so many weeks and months per year – and where we get to create our lifetime of memories!

 


How can I help you?

I have over 30 years of business experience and am a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their homes and properties. To see featured properties or search the MLS – visit chriskopf.com.

Are You Considering Buying or Selling a Home in the Crested Butte Area?

Crested Butte Real Estate AgentContact me to help you.  I have been in your shoes – as both a Second Home Buyer and Seller here in Crested Butte.

The Crested Butte area offers a wide variety of properties including ski in/ski out single family homes, ski-in/ski-out condominiums, lake and river frontage properties, golf course property, quality homes in Downtown Crested Butte, and true fine mountain homes on acreage.

To see Crested Butte Homes For Sale or search the MLS – visit ChrisKopf.com.

If you considering Selling your Crested Butte home and are interested in finding out what your existing property is worth – call me. How is the Crested Butte Real Estate Market doing?

The Crested Butte Real Estate Market is very active. Click this link to see my monthly Crested Butte Real Estate Market Reports.

I have consistently been a Top Real Estate Agent in Crested Butte, and I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.

Please Contact me at:

Chris Kopf
Global Luxury Property Specialist
Coldwell Banker Mountain Properties
Chris.Kopf@CBMP.com
(970) 209-5405

Chris Kopf Coldwell Banker

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Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224
  • Chris.Kopf@CBMP.com
  • (970) 209-5405

Testimonials

Bobby Nichols

"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "

 
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:45:19-07:00
"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "  
https://chriskopf.com/testimonials/bobby-nichols/

Jeff Hollings

Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:46:48-07:00
Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
https://chriskopf.com/testimonials/jeff-hollings/

James Brennan

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
Crested Butte Real Estate by Chris Kopf
2014-10-14T17:59:24-06:00
This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
https://chriskopf.com/testimonials/james-brennan/

Jane Saltzman

Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:49:37-07:00
Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
https://chriskopf.com/testimonials/jane-saltzman/

Georges Lussier

The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:40-06:00
The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
https://chriskopf.com/testimonials/georges-lussier/

Frank Stringer

Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:51:04-07:00
Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
https://chriskopf.com/testimonials/frank-stringer/

Paul & Julie Keesee

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:59-06:00
Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
https://chriskopf.com/testimonials/paul-julie-keesee/

Jim & Sandra Wickham

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:18-06:00
Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
https://chriskopf.com/testimonials/jim-sandra-wickham/

Tom & Mary Aton

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:31-06:00
It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
https://chriskopf.com/testimonials/tom-mary-aton/

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:26-06:00
This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
https://chriskopf.com/testimonials/dan-aquaviva/
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Crested Butte Real Estate by Chris Kopf

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