1. Structural Reinforcement and Upgrades

Foundation Repair

• Old homes may have foundation issues over time, such as cracks or settling. Hire a professional to inspect the foundation. Minor cracks can be repaired using epoxy injections, which usually cost around $500 - $2,000 depending on the extent of the damage. For more significant foundation problems, underpinning might be necessary. The cost of underpinning can range from $10,000 - $30,000, but it ensures the long - term stability of the house.

Electrical and Plumbing Upgrades

• Update the electrical system to meet current safety codes. Replace old, worn - out wiring and install modern electrical panels. This upgrade can cost between $2,000 - $6,000, depending on the size of the house. Similarly, upgrade the plumbing system. Replace old pipes, especially if they are made of lead or galvanized steel, with new PVC or PEX pipes. The cost of plumbing upgrades can range from $3,000 - $10,000, improving water flow and preventing potential leaks.

2. Exterior Renovation

Siding Replacement

• If the old home has deteriorating siding, consider replacing it. Vinyl siding is a cost - effective option, with prices starting from around $3 - $7 per square foot installed. It comes in various colors and styles, mimicking the look of more expensive materials like wood or stone. Fiber - cement siding is another durable option, costing around $5 - $10 per square foot installed. It offers excellent resistance to weather and pests.

Roof Repair or Replacement

• Inspect the roof for leaks, missing shingles, or signs of wear. A minor roof repair, such as fixing a few shingles, can cost as little as $100 - $300. However, if the roof is severely damaged or old, a full replacement might be needed. The cost of a new asphalt shingle roof for an average - sized home is typically between $5,000 - $10,000, while a metal roof can cost $10,000 - $20,000. A new roof not only improves the appearance of the house but also protects it from the elements.

3. Interior Renovation

Kitchen Renovation

• Update the old - fashioned kitchen. Reface the cabinets instead of replacing them entirely. Cabinet refacing involves replacing the doors and drawer fronts and adding new hardware. This can cost around $2,000 - $5,000, much less than a full cabinet replacement. Upgrade the countertops with affordable options like laminate, which starts at around $500 - $2,000 for a small kitchen. Replace the old appliances with more energy - efficient models. A mid - range refrigerator can cost around $1,500 - $3,000, and a new stove might be in the range of $800 - $2,000.

Bathroom Renovation

• In the bathroom, replace the old bathtub or shower. A pre - fabricated shower unit can be installed for around $1,000 - $3,000, while a new bathtub might cost $500 - $2,000. Update the vanity by painting it or replacing the countertop. A new laminate vanity countertop can cost $300 - $1,000. Also, install new lighting fixtures to brighten up the space. A modern ceiling light fixture for the bathroom can cost $50 - $200, and adding wall - mounted sconces near the mirror can improve illumination for around $50 - $100 each.

4. Energy - Efficiency Improvements

Insulation Installation

• Add insulation to the attic, walls, and floors of the old home. Fiberglass insulation is a common and cost - effective choice. Installing attic insulation can cost around $1,000 - $3,000, depending on the size of the attic and the type of insulation used. Wall insulation installation can range from $2,000 - $5,000. Proper insulation helps in reducing energy consumption, keeping the house warm in winter and cool in summer.

Window Replacement

• Replace old, drafty windows with energy - efficient ones. Vinyl - framed double - pane windows are a popular option. The cost of replacing a single window can range from $300 - $1,000, depending on the size and style. New windows not only improve energy efficiency but also enhance the soundproofing and security of the home.