I'm new to home restoration and I'm really curious about how much it would cost to make a historic home livable. I found this property and I'm wondering what kind of estimated expenses I'd be looking at to restore it enough for everyday living. Any insights would be helpful!
3 Answers
Based on a quick look at the pictures, I'd say that just cosmetic updates could easily run over $300k. But don't forget about the more serious stuff like plumbing, roofing, foundation work, and electrical upgrades—those could add another $100k to $300k or more. If the house is in a historic district, that could complicate things as there might be stricter requirements for renovations, so expect to jump through a few extra hoops!
Exactly! Once you start opening up walls, you're likely to uncover even more issues that need fixing, especially if you want to keep the original moldings!
Restoring this place is definitely a labor of love. I'd estimate around $200k just for the interior alone. The roof is solid, but some exterior work will be necessary to clean things up and repair the brick—which could range from $30k to even $80k, depending on how nice you want it to be. This type of work often comes with a lot of hidden costs, like dealing with heating issues and potential foundation repairs.
If you're looking to do just enough to make it livable, I’d say at least $250k as a starting point. Keep in mind that's not a full restoration; it’s more of a quick fix. You’ll definitely need new plumbing, electrical, drywall, and possibly some structural work. Think of it as a big project that could be a lot of fun if you’re into DIY!
Yeah, and if the roof is a slate that needs replacing, get ready for a potentially hefty bill! You might end up close to $500k once you factor everything in. It’s a lot of work, especially if you're trying to preserve original details.