Movingtarget, Both Buyer and Seller in Philadelphia, PA

Looking to ballpark the cost of a gut/all systems rehab of a house in Center City. We plan to live in it. I've heard estimates along the lines

Asked by Movingtarget, Philadelphia, PA Fri Nov 6, 2009

of $100-200 per sq. foot (gross). Any feedback?

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6
If you are looking to buy it and not yet bought the house, maybe a friend will recommend someone who can come with you and give you an estimate.
You should then make sure the total cost is comparable with fixed up homes in the area otherwise you might as well buy a fixed up house.
There are good buys in Center city .
You should get estimates for individual items as well.
Web Reference: http://www.gitabantwal.com
0 votes Thank Flag Link Sun Jan 24, 2010
Dear Moving Target

I actually have done these. Question 1. are you doing aclearspan? removing all joists? are you digging down further? These are the key drivers....also, depending upon age the enviromental costs...
As others mentioned below, materials are key, but not as key as above. There are two main decision points. Do I keep the existing layout and staircase or not? DO i did down or not. The "finishes" can range 50-90/sq ft....however, center city guts vary widely.
On the 1900 block of waverly, 1200 sq ft homes,I have seen $60k spent (kitchen, baths, windows, heating, high velocity a/c) ....and I have seen $180k spent.
Particularly in center city...are you in the historic district? You exterior costs will triple. Windows must be approved (usually Kolbe and Kolbe) but others also acceptable. Your gout/brick will be picked by Randal Baron at the hostoric commission, and a Tin vs Flat roof are very different cost points.
If you'd like to discuss this further, please give a ring at 267 312 6221.
If you are already working with a real estate agent, then discuss this further with them.
0 votes Thank Flag Link Sun Nov 8, 2009
Prices will vary according to the cost of the materials that you choose. Start with a good idea of the value of the property when you are finished so you will know where you budget needs to be.
0 votes Thank Flag Link Sat Nov 7, 2009
Good question. Renovation estimates can vary wildly. You have the right idea of thinking of price per sqft. I specialize in Acquisition & Buildout of Residential properties in Philadelphia. My team of remodelers have 25years experience. 100/sqft is a good number for a top to bottom rehab, giving you some luxury features & custom finishes. It always a good idea to get a licensed contractor on site to go over the scope of work. You can see some of my work at http://www.RealHomesPA.com We've successfully remoldeled properties from Grad. Hospital to Fitler square to Old City.
Web Reference: http://www.RealHomesPA.com
0 votes Thank Flag Link Fri Nov 6, 2009
You shoud be able to renovate at 60-80 sq foot, a little more if you are going for more expensive tile, appliances and flooring
Web Reference: http://soldinthecity.net
0 votes Thank Flag Link Fri Nov 6, 2009
you should be able to do a nice reahab, for 50-60 per square foot. It depend on what you are looking for.
$75/ft if you go to the wood.
0 votes Thank Flag Link Fri Nov 6, 2009
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