Earlier quoted context omitted.
The labor put in would be _at least_ as much as materials, so $20k total cost for this project to lower the bills from $450 to $225 on average. That puts it roughly at 7.5 year ROI. How many renters rent a single space for that long? There goes the answer to the article. It's a great project if it's your forever home, though.
That’s an incredibly low rate for the breadth and depth of work here. I, a homeowner, can do all of this work with no permitting involved and no certification. Were I to hire out to a GC he’s going to sub out to a plumber and electrician at a minimum. Probably also a drywall+paint crew. Maybe they’ll handle trim and flooring? Who knows! My in-laws, a cost conscious couple, recently had a bathroom remodel. Nothing fan…
More recently I had a kitchen fire that mostly involved redoing the kitchen completely but also involved move-out/in, seal/paint, for the rest of the house and some other things that made sense while everything was ripped up--and that probably ended up >$200K. Insurance covered a lot but I also paid quite a bit out of pocket.