Cost for electric and plumbing upgrades
We just received the report from the structural engineer on a 3000 SF four story brick federal townhouse we are about to purchase and it came back with several necessary repairs. Among them were a complete upgrade to the electricity and the plumbing throughout the house. The engineer’s estimates were ~50k each for plumbing and electric. He also estimated 50k per floor for taking down walls, refinishing the plaster, removing lead paint, etc. On top of this was an assumption of another 30% for general contractor fees. Can anyone give a sense for whether these estimates seem fair or very high? Any thoughts on pros and cons of using a GC, and costs?
