To buy or not to buy.
We are looking for an old house in the Ann Arbor, MI area. Saw one we like, cir.1880. Basement looks ok, roof is being replaced by seller. Kitchen needs complete reno, and baths need some work. Wiring and plumbing are working, but no upgrades in at least 40 years. Good neighborhood, short walk to great elementary and middle schools. Nice floor plan, downstairs parlors all connect with dining room, more open than most old houses. Kitchen is old but very large.
So, if we could get a good price, would it save money if we did kitchen and bath renos and electric/plumbing upgrades all at once? That way any damage to walls during electric/plumbing work would be repaired before new stuff goes in?
We found a really thorough inspector who kept us from buying a home where the cement block foundation was caving in. So we will have him inspect. Should we have two contractors give us estimates for the whole reno? How much should we add to the estimate for "unexpected" problems?