Forum Archive: Posts by: CobbleThrone

Hi, we’ve been looking at some townhouses in Cobble Hill recently. I think I have a good sense of where the market is on pricing. But then I mentioned to a realtor friend that no matter what house we end up buying, it’ll probably require a top-to-bottom renovation, given the condition of what we’ve looked at so far. She casually mentioned, “Oh, that’ll run you about $400-$500 per square foot to do a nice job.” My jaw dropped. Look, I can get my arms around the idea that the house is going to cost several million, but is it really true that I need to be thinking 150%-200% that amount to get something liveable? Some of the houses we’ve looked at are 25×45 feet over four floors – that would mean we’d end up spending over $2 million on renovation!