Montrose Remodel Cost Guide:
The Elephant in the Room
We believe in transparency. While every home in Montrose is unique, this guide will help you budget for gut remodels, duplex conversions, and major renovations.
Typical Project Cost Ranges
These are estimated ranges for the Western Slope based on recent projects. Costs can vary based on existing structural conditions.
Full-Gut Remodels
$130 – $170 / sq ftBest for: Updating dated single-family homes.
- Complete demo to studs
- New insulation & drywall
- Updated electrical & plumbing
- New flooring, cabinets, and fixtures
Duplex / ADU Conversions
$150 – $200 / sq ftBest for: Investors creating rental income.
- All features of a gut remodel
- Fire Separation: Rated drywall & insulation
- Soundproofing: Staggered studs / Rockwool
- Utility separation (meters/panels)
When do costs increase?
Prices move toward the higher end ($200+) if we encounter: Foundation repairs, major structural layout changes, slab replacements, or requiring new sewer/water taps.
Real World Example: The Duplex Conversion
Let’s look at the actual math from a recent 1,800 sq ft single-family home in Montrose that we converted into a side-by-side duplex.
See the full story and photos of this "Impossible" project here →
| Project Metric | Details | Estimated Value |
|---|---|---|
| Home Size | 1,800 Sq Ft (Converted to Duplex) | -- |
| Renovation Cost | Approx. $150 per sq ft | ~$270,000 Total Cost |
| Monthly Revenue | Rental Income (Both Units) | ~$3,000 / month |
| Equity Gain | Value Added to Property | +$150k - $200k Equity |
*Note: Costs and values are estimates based on past performance. Market conditions vary.
The "Equity Pull" Strategy
Smart investors know that rental income is great, but equity is where wealth is built. In the example above, the owner didn't just collect rent—they forced appreciation.
- Refinance & Repeat: After the remodel, the owner refinanced, pulling out nearly $200,000 in created equity to fund their next project.
- Asset Protection: By pulling equity out, you lower the "target" on the property. If there is no equity sitting in the home, it is a less attractive target for litigation.
- The 3% Rule: Historically, real estate appreciates conservatively at 3% per year. By holding the property for 5-10 years, you gain appreciation on the new higher value, compounding your wealth over time.
How to Lower Your Cost (Value Engineering)
If your budget is tight, we can "Value Engineer" the scope. This doesn't mean cutting corners on safety—it means choosing durability over luxury.
Flooring Strategy
Instead of expensive tile or hardwood, we can utilize Stained Concrete in basements or main levels. It’s indestructible for rentals and costs significantly less.
Cabinetry & Fixtures
We use high-quality Stock Cabinets and reliable fixtures (like Delta) rather than custom millwork. They look great but save thousands.
Bathtubs & Surrounds
For rentals, a high-quality Fiberglass Surround or single-piece tub is often smarter than custom tile showers—easier to clean and less risk of leaking.
Curious about the numbers for your property?
We offer feasibility walkthroughs to give you a realistic budget before you buy.
Schedule a Site VisitOr call us directly: 970-497-8662
Frequently Asked Questions
Does the price per square foot include materials?
Yes, but with limits. Our estimates include labor and rough materials (lumber, drywall, wiring). For finish materials (tile, fixtures, flooring), we set "Allowances" based on your desired quality level. This keeps the budget transparent.
Do I need a permit for a remodel in Montrose?
Almost always. Structural changes, electrical work, plumbing, and major layout changes require permits from the City of Montrose or Montrose County. As your general contractor, Trueline handles all permitting and inspections for you.
How long does a full gut remodel take?
A typical 1,500–2,000 sq ft gut remodel usually takes 3 to 5 months. This timeline depends heavily on the complexity of the design and the availability of materials (cabinetry lead times are a common factor).
Do you charge for estimates?
We offer a free initial phone consultation and rough ballpark estimate. For a detailed scope of work, firm fixed-pricing, and construction schedule, we charge a small pre-construction design fee which is credited toward the project cost if you hire us.