Hello all. Let me start by saying that me and my wife purchased lovely apartment on Museum korut. We figured, we can paint it and rent it for around 100K just to cover common costs and keep it warm in the winter.
When we started pricing the job and hearing contractor's quotes we were unpleasantly surprised. T0 sand and paint walls and widows in 114 m2 apartment would cost from 1.6 to 1.8 mill HUF...we were told. More if we want invoice...
I need an input from the expats in Budapest: what is the order of prices for such repairs, do you know any reliable contractors? And last but not least, am I being taken for a fool or is the price I was quoted a realistic level of compensation in Budapest?
It seems to me that prices for renovation should be commensurable with overall price index , cost of living, average salaries not to mention very low RE prices. Am I wrong? Please advise.
D.