Quote:
Originally Posted by Bigtime
Okay CP, time to put yourself in the Bigtime's shoes and tell me what you would do in our scenario:
Info:
-Live in Sunnyside
-undeveloped basement received 5' of water in the flood
-basement height is about 2' above ground level, so we flooded pretty much to the outside ground level
Renovation options:
1) Leave the basement as is and leave it undeveloped. With an eye to the future that the province and city will take steps to mitigate future floods. This could potentially allow us to renovate the basement in a few years to a less spartan condition (with all the flood proofing we can do).
2) Raise the house up 5', and backfill our basement. In essence getting rid of a below grade basement level. We have the height allowance in our area to accommodate this. However the cost to do it is ~$115,000.
With proper flood proofing materials done and sandbagging we can probably flood proof this new floor very well.
Thing was we were going to start a reno here in September, essentially gutting the main and upper levels and building it to be our house that we will live in until my wife and I are in the cold ground or sent to the old folks home.
The wild card in all of this is what the province will do to mitigate future flooding. If we go ahead and spend $115,000 raising the house and then in a year or two we have great flood prevention measures in place I may feel pretty stupid, as that was money that could have gone to the reno proper.
So what do you think CP?
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I would wait until you see what actions the govt/city does in regards to flood mitigation.