has any one renovated an entire house?

Question

I am thinking about buying a house that is a wreak on the inside but I was thinking about renovating it to my liking.I would like to gut it out and everything. Has anyone ever done this, can you give me the final price you paid for everything? Also was it worth it, or would you have been better off buying a new house? thanks

Answer 1

My first house, a 1919 cape cod was a wreck. It had been owned by the original family since it was built and was inhabited by a wheel chair bound man for the last 30 years. He was physically unable to perform maintenance or upkeep, the house was dated, needed electrical, plumbing, structural and cosmetic upgrades. BUT, it was in a highly desirable neighborhood, filled with other restored historic homes and had great bones. I replaced everything from the sewer main, to the subflooring, to the roof, to the kitchen and bath, to the light switches, to the HVAC system. It was totally worth every penney and it would not have been worth it to buy a new house. I lived in it for the 4 years it took to renovate, owned another business and got both my undergraduate and graduate degrees plus a hefty downpayment on my next house from the profit. I did use slave labor, my papa who was an interior designer helped with the work, let me "borrow" his tradespeople and gave me a lot of leftovers from his jobs. Overall, cash out of pocket I spent $60,000 and made $175,000. Plus, the experience taught me everything I needed to know for future property investments and was on the job training for my interior design business.

Answer 2

As a DIY, I would advise against it. That said you can contract out the most critical areas however.

Defining value is far more important than determining current condition. What price will you pay? What is the current market status for local comparables? What otherwise appealing nature might the house have? Etc. Etc. Etc.

I look all the time for GEMS in piles of rocks, but I'm able to Gut and repair. Can you state the same? No offense meant.

Do you have the time?
Do you have a place to live in the meantime?
Do you have the means?
Can you do most of the work yourself?
Can you commit to this being a long term project?
Do you have local resources who can supply you with product, services, etc.

And soooooooooo many other questions.

The bottom line is what are you willing to spend, versus what do you expect to gain? If your intent is to live in the house, keep it for any extended period then not much else truly matters now.

You don't state the size, location, condition specifically, or your intent.

I work at $40 per hour, plus materials, employees, etc. That could relate to me wanting no less than $2000 per week from you to do a remodel to any great extent.

Rev. Steven

Answer 3

The price ranges you will get will vary tremendously. It could be from $50,000 to over 1 million. I am in the process of renovating mine and the total bill will be around $150,000. It was worth it financially because it would have cost close to $250,000 with a contractor.
the biggest problem was living in the house while I renovated. i would do it again but only if my family and I could live somewhere other than the house being renovated.

Answer 4

I've done it. I've also worked with tools, fixing things up my entire life. If you have no experience in those areas, it'll be too much for you to handle. You're going to wind up hiring people to do everything for you, so be prepared to spend a lot of money. If you think you're going to become an instant electrician, plumber, framer, cabinet maker, floor installer, drywall hanger, roofer, mason, etc, you can pretty much forget about it. It's too much work for one or two people especially if you're not experienced.

Answer 5

attempt the mattress room to be a easy orange- to yellow, and which would be extending to the hallway, the place you could bypass lighter, or in a extra purple coloration. or maybe attempt different colors of orange, and heat yellow. on each and each wall, to be a different coloration, yet not too dramatic. and positioned some purple sheets and drapes. shade therapy say that purple arrouses the guy, and orange arouses the girl. which would be suitable- do not you think of? (wink) the kitchen, could desire to never be blue, or the eating room. it is common that blue cuts urge for foodstuff. it is effective while you're on a persevering with weight-alleviation plan, yet why "punish" something of the family too? i could recommend in the eating room a burgundy with white trim. or possibly a violet, that is going warmer in the kitchen. not fuschia. this is a watch sore. family room, could be clean yellow, with spots, or glitter. i've got had a sort of, and as quickly as i've got been given into that room I felt like enjoying video games, and leap around. it grew to become into certainly one of those happy room. super for family gatherings, social video games. the bathing room, could be as dramatic as black tile on the partitions, and steel gray something, and the floor. or a checker's board- on the floor. forget approximately purple and blue. those are for nursery. and eco-friendly is extra durable to discover fixtures that fits, till you're in the 70's.