Depends on when you say complete rehab- are you talking down to the studs? I have done deals for as little as 75,000 to as high as 500,000. Wide range figuring out what direction you want to go in terms of luxury and size.
Rhode Island $100 per square ft
Massachusetts $200 Per square foot
Obviously it will depend upon the level of finishes and the square footage. Massachusetts and Rhode Island are two different markets completely
@Robert Nason Do you have some examples from past projects? That sounds really high. I've heard from people who do condo conversions that they average anywhere from $100-$150/sqft.
I'm doing a renovation in Kennebunkport Maine that is costing 160 a sq ft A few years ago I was building an 18 unit apartment building that was at 175 per sq ft.
Often times a renovation can be more costly than new construction. If the contractor is telling you it will be $150 a square foot, you could almost be guaranteed it's going to end up being closer to $175 a square foot
My apologies guys. Here are some details. Let's say the property has more than just the nuts and bolts and the shell of the house. Let's say its a foreclosure property. With the foreslcosure property the living sq foot is 1,640 and the house needs a remodel kitchen, (2) bathroom, (3) bedrooms raised ranch. Needs updated electrical and new baseboard heating system.