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Reply to "<DC> Rowhouse Fixer Upper"
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[quote=Anonymous][quote=Anonymous]You'll probably end up spending $200k and more if you do higher end furnishings. Estate sales may look like they're in fine shape, but you'll probably want to replace a bunch of things while you're at it, tear down some walls, refinish floors, etc. $40k kitchen $20k for two basic budget bathrooms $4k to refinish existing wood floors or $15k to redo. $7k for painting interior whole house. $5k for new roof $7k for various upgrades to utilities. More if everything needs replacing $3k to upgrade the power $5k for various electrical upgrades, recessed lights added, lights replaced, switches updated etc $10k for moving some walls around, creating a new closet here and there stc $40k for finishing the basement, no bathroom. Add $10k if you put in a bathroom. Add $5k if you plan to move any of the existing utilities down there. Add $100k if you need to "do" the basement- that is, digging down at all, moving pipes and beams, egress, walls, add electrical etc. in other words, if your basement is currently just over 6 feet tall, junky stairs, beams everywhere, dirt or cement floor, etc, then plan on $150k for this expense. $15k for some other extras - built ins, or a sly light, or replacing some windows etc - stuff that as you're going along, you realize would be money well spent given how much the rest of the Reno costs. [/quote] These numbers look right to me with the kitchen being somewhat low. For high end I'd add another 15k at least. [/quote]
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