We are considering placing an offer on a semi-detached 1200 sq.ft home in downtown Toronto. The home is structurally sound and well-maintained but needs cosmetic updates. In order to determine our offer price we'd like to get an idea of how much a home renovation would cost us and what the timelines for this kind of project would be.
The renovation would include removing 2-3 interior (non-load bearing) walls on the main floor, replacing knob-and-tube wiring throughout (electrical panel already upgraded), adding insulation in the attic, replacing plaster walls with drywall, dry walling the ceilings, replacing the flooring throughout, and redoing the kitchen and main bathroom.
I realize there can be a lot of variation in price depending on finishes and exact room sizes, but we're really just looking for a ballpark estimate of cost and duration so we have a better idea of what we would be getting ourselves into.
I thank you for your inquiry. However; we are based out of B.C. The cost of materials may be around the same price. Although the labour cost will vary across the provinces. Without actually seeing it, walking through, etc. it would be very hard to estimate. Most construction companies locally I'm sure would be very happy to give a free estimate.
Thank you again.
Much depends on the site conditions and site access but,
These are some rough numbers to consider:
3 Structural Walls down and replaced with flush beams: $20K
Replace knob and tube $10 K
Insulate attic $2k
Drywall entire home $25k
Kitchen wild guess is $30K
Replace all floors wild guess is $10 K
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