Reply to Renovation cost- too high or about right

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We did a similar project in a historic home in a desirable neighborhood.  Gutted three floors, approximately 4500 square feet with 4.5 baths and a new kitchen.  All new guts (HVAC, electrical, plumbing).  For hard costs, we were all in at $475k and we did not use what I would consider higher end materials.  That didn't include the soft costs (architect, permits, rent while we were out of the house, etc.).  It is very expensive to demo and rebuild.  Our estimate was pre-covid, so I'm not surprised at yours.[/quote]

OP here-Did you use design build or architect contractor? If so, do you have recs? Also, we are planning on gutting two floors which combined are 2100 sqft- so you have double the square footage that we have so maybe that will make a difference price wise. [/quote]

NP - From my experience and understanding, square footage doesn’t matter. Smaller projects are actually more expensive in terms of cost per square foot because you lose out on economies of scale. You still need the plumber out there, electrical. And you’ll still be doing a kitchen and bathrooms - those are the expensive spaces but adding more general rooms brings the average cost down. [/quote]

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