Cost to replace plumbing/electric in old brownstone?
We are considering buying a 3-family, 3-story (plus Eng. baseement brownstone that has not been updated since the 60s. How much should we estimate for the plumbing/electic upgrades? And how expensive is it to preserve tin ceilings/moldings, etc. when all the guts are getting upgraded? We’re also looking at another 4-story brownstone that is in even worse shape but are wondering if ironically, the crappier house would be cheaper to renovate since there’s almost nothing worth saving. Any advice or round numbers to offer? Obviously, we’d eventually bring in an engineer, contractor, etc. but right now we’re just trying to figure out how much to offer before we go to next step. Thanks!
