If it’s just a shell and you’re going to build it out, I can’t imagine getting a permit anywhere without engineer/architect signed and sealed drawings (blueprints) that detail electrical, plumbing, walls, load bearing calculations, etc.

Taxes/ year: $3,002,  Insurance: $1,573,  Trash/ year: $654,   Electric/ year (exterior lights): $420,   Water/ year: $1,200 sewer/ year: $1,500,   Spray for bugs/ prevention: $311/ year,    Lawn cutting/ year: $640,   Misc (furnace filters/ 9v batteries): $250I have gotten mixed reviews back from my colleagues when they go over these numbers with me.

If electric is only common areas (hallways, washer/dryer), you can come down $500. 

The building is highly inefficient so we are mainly looking to replace the electric base board heaters, replace windows, redo some drywall and insulate where needed.

In order to do a major repair to the sewer line and electrical panels, I decided to end leases to all tenants in 30 days.

After starting the project, the architect and OCD in me took over and I ended up changing the entire layout of the entire house and we went way over budget on electrical and plumbing because it was the right thing to do with the condition of things.

Being in Vermont this can cut into your bottom line, especially if the property is electric heat (If it’ the property I’m thinking of, It might be).

I would demo it and not replace or demo all stone and put in a modern electric unit.

The extent of the work is structural, plumbing, electrical, and HVAC that I am aware of.   

In July I completed a lot of updates to the house (new well, new 200 amp electrical service and panel, new windows, replaced forced air ductwork, added a bathroom.