How much does a renovation cost?:

[sajesak]

I bought a townhouse last year in San Pedro. I was told that a refurb would cost about 100-150k euro.
When the quote came in, it was 267k euro which was way above my budget.

I wanted basically to gut the inside, and do a total rebuild on 200 sqm, cover terrrace, put in a/c and heating etc.
Hi end specs.

This works out as a refurb price of about 1,350 euro per sqm which seems excessive. I am sure building costs are much lower.

Does anyone have an indication as to what one should expect to pay?

 

[Robert Larimer]

I bought a townhouse last year in San Pedro. I was told that a refurb would cost about 100-150k euro.
When the quote came in, it was 267k euro which was way above my budget.

I wanted basically to gut the inside, and do a total rebuild on 200 sqm, cover terrrace, put in a/c and heating etc.
Hi end specs.

This works out as a refurb price of about 1,350 euro per sqm which seems excessive. I am sure building costs are much lower.

Does anyone have an indication as to what one should expect to pay?

We have a saying here in the USA about the price of anything "high end" and its "If you have to ask you can't afford it". I'm afraid that is what you are experiencing. Contractors are most always ripping you off. I am having the same problem getting my roof replaced after hurricane Ian.

 

[JC SSP]

I always get there estimates from referred, reputable & established contractors. I make sure their is some type of Warranty and I always confirm they all are licensed & insured. I also do full research on all of then… BBB, yelp, google, county/state, etc.

I have been extremely successful going this route.

 

[MrBhp]

I'll do it for 265k, plus room and board.

 

[sajesak]

We have a saying here in the USA about the price of anything "high end" and its "If you have to ask you can't afford it". I'm afraid that is what you are experiencing. Contractors are most always ripping you off from this mayflowerva. I am having the same problem getting my roof replaced after hurricane Ian.

thank you s much for your help

 

[Pentalab]

Get at least THREE quotes. And be real specific about exactly what you want done. I usually get 3-4 quotes, and the results always amaze me.... ranging from reasonable to absurd.

The absurd quotes will take a project...and turn it into a.....'make work project'.

 

[Pentalab]

I always get there estimates from referred, reputable & established contractors. I make sure their is some type of Warranty and I always confirm they all are licensed & insured. I also do full research on all of then… BBB, yelp, google, county/state, etc.

I have been extremely successful going this route.

You mean three estimates.

 

[JC SSP]

Yes … big fingers small keypad and auto correct have gotten me in trouble before. Lol

 

[86GT351]

You mean three estimates.

Absolutely. Always get 3 and don't always go for the cheapest. Still have to research company thoroughly.

 

[Ret]

We did an add on handicap compatible bedroom. Bid came in at $65,000 for 530 sq feet. End cost was $140,000. This was 2&1/2 years ago. Three contractors backed out, too much available work here in North Idaho. Finally, got a guy from our church and his brother. Great at the construction but not at finish work. He way over sold his abilities.

So, I have a room built, it's functional, fit's our needs with poor finish work. As to the finish price, I spoke with two retired contractor friends of mine. Both said his price was well within the norm, citing cost of materials at that time. The brother was a real artist given the work he did in the bathroom.

 

[Ret]

Because of our age our kids insisted that we put a bar in the shower. Wish I had thought of that sooner.