Colorado Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Old home in Denver - cost to renovate
We are making an offer on an 1940 built home in down town Denver. This is an old home surrounded by all newly built condos with roof top decks etc. These condos are selling for 500k for a 1500 sqft. multi level units.
This home is 750 sqft with 750 sqft in basement. Lot size 4500 sqft. What would be the cost in Denver to completely renovate the home including electrical, plubling, hvac and roof.
I need to budget the fixing cost before making an offer. Kindly help.
Thank you
Sunitha
Most Popular Reply

@Sunitha Alli - I would strongly suggest you get qualified contractor bids on a project like this. Too vague of a description to offer any real value in estimated cost and the cost of construction is increasing significantly right now in our market. This creates a catch 22 - if you find someone available to put a bid on a property you don't already own or under contract on and they are available to bid the project - they are probably not the right person. It is challenging right now to nail down costs without experience in doing deals, especially on large rehabs.