The house we have for rent is a beautiful two story, brick, four bedroom wood floors colonial with fireplaces, spa tub, etc.

- Energy Star appliances- Dimmable lighting / Eco bulbs- Cork / Bamboo flooring- Low-E windows- Energy Star water heater- High-Eff furnace- Convert fireplaces to gas- Convert oil utilities to gas- Add/upgrade Insulation- Set-up recycling bins.. just to name a few.

I am curious to hear what others have done in this situation is it better to remove the plaster and do sheetrock but that will take away from the history of it.4 bedroom, 4 bath, 4 fireplaces, 4 kitchenettes, all hardwood floors 2 story.  2 units upstairs, 2 unit downstairs. 

Check the FirePlace for other calcs offered by BP community or come up with your own that accounts for that. 

@Aaron Klatt This three story multi- family residence built in 1880 with 7 bedrooms offers lots of character with lots of windows for natural lighting, hardwood floors throughout, multiple fireplaces, built-in bookshelves and a covered wrapped porch!

Coverage will vary by local, city, county, state governments, but some examples might include requiring sprinklers, upgrade electrical wiring (older homes can have aluminum wiring which isn't used often anymore at least in CA), electrical panel upgrades, insulation / energy value requirements, different fire place construction

Just a peak at the drastic change to the fireplace I did.

Has 3br/2ba with large den/fireplace and carport that could be enclosed easily for a garage.

Upgrades include a remodeled kitchen with newly installed cabinets and countertops, new premium stainless steel appliances, vinyl windows, remodeled bathrooms, new flooring throughout, elegant entry door, and a stacked-stone fireplace that ties in perfectly to the comfortable layout of this home.

Upgrades include a remodeled kitchen with newly installed cabinets and countertops, new premium stainless steel appliances, vinyl windows, remodeled bathrooms, new flooring throughout, elegant entry door, and a stacked-stone fireplace that ties in perfectly to the comfortable layout of this home.