Lath and Plaster repair costs

[Wesley Edwards]

Hi everyone,

I am in the middle of renovating a 1600 square foot rowhome so that I can start renting it out. Having been built in 1890, the walls are all lath and plaster. The house has been vacant for a few years and in that time has suffered some water damage from a leaky roof (we have a brand new roof on it now). The end result is that the vast majority of the walls/ceilings are falling apart and some even have mold underneath. 

Recently, I got a quote from a contractor who is willing to take care of all of the walls and ceilings for approximately $7000. This will include removing the mold, fixing the lath and plaster, and repainting all of the surfaces. He would be fixing up the entire home minus the basement. To those who have experience with older homes like this, does that sound like a fair price? I am new to renovations and do not know what price would make sense for a job of this size.