You want to walk through to see what upgrades you can do, maybe get a couple rooms painted, some new carpet or a faucet.

Sometimes it can be stressful but most of the time you just have to laugh it off and move forward.Just in the short time I've been rehabbing properties I've dealt with gravity furnaces, lead paint, asbestos, foundation issues, no foundation (really), but this is a new one for me.

I knew the condo association was reviewing bids  for an upcoming exterior paint job and repairing rotted wood.

I do not know if it will add value, it may if it is uncommon for houses in the area to be insulated. and for $250, well worth doing, it may even help prevent any pipes from freezing in the future. as far as the electric, i do not find that price too bad, the basement will be easy for them to take care of, the 1st floor, they will have to open up the switch and outlets, tie the new wire to the knob and tube and pull the new wire up using that knob and tube wire and re install the switches and outlets, there is some labor involved and is easier with 2 workers. the lights are going to be the hardest for them to do and they may have to open some walls, i would check with the electrician on that and see if you are going to have the added cost of repair and re painting. a lot of times insurance companies will not cover you if there is knob and tube in the house and it was never disclosed to them, so it would be worth it to you for the insurance protection to have it done. over all though, it seems like a good price.

Ours has hardwood that has previously been painted, however, they were not sanded before painting and there was no poly put down over the paint.

Happy painting Friday! 

I am only looking for houses newer than 1980 to avoid any lead paint issues. 

That paint job is pretty epic.

The living room had a vaulted ceiling and tons of cracked drywall seems, which were professionally done and then everything in living room professionally painted, drywall work and painting was $1600 We painted the rest of the house ourselves.

Then write out an "occasional" list such as exterior painting, etc.