i am replacing insulation, ceilings, and walls in an older home, any advice or tips to save money.?

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Candace Br

I have an older trailer that has been renovated throughout the years that has two rooms added on. The two rooms that were added on were built not with the greatest standards. But for the purpose of the home, it seamed plausible. The older home is a family owned residence that is used for a "lake house" typically used only during the summer months. The intentions are to make it a permanent living quarters to save money. The home is paid for in full, so the only bills will be the electric bill. However, there are some flaws. The two rooms that are added on have some issues. the rooms act as a living room and a bedroom. the paneling is buckling in some spots and the ceiling suffered from a past leak(which has been repaired). Me and my fiance have full intentions of knocking the ceiling out and pulling the paneling down only to add new insulation and drywall. the questions are as follows...
-sheet rock vs. drywall and the pros and cons of each.
-is this a task that two very hands on people could make a DIY project?
-what is the best type of insulation for the project? not necessarily the most expensive.
-what are the average cost and labor times of a such project?
now i haven't yet to go get the exact measurements of the rooms, how ever and estimate, i would say the living room is a 16x10 and the bedroom is a 14x10. the living room has one exterior door three windows a fireplace and an interior doorway the size of double french doors. the bedroom as two windows one input closet and on doorway which leads to the hall.

thanks for all and any advice. :)

Answer
You shouldn't encounter much technical difficulty. Cost is hard to predict. It varies greatly with geography, market timing and EXACTLY what you're buying.
If you open the walls, the space must be brought up to 2012 codes:
1) possibly shrinking all rooms for 5 1/2" exterior wall insulation
2) electrical upgrades, smoke alarms, etc.
3) egress window/ventilation requirements.
If the building is not your owned, legal, primary residence you have to hire contractors for everything. It's a side effect of landlords shoddily fixing tenants' spaces.
I'm sure the place was built before the mid 80's. Read up on the newer, federal EPA laws regarding lead paint abatement. They're really up-tight.
As far as time goes, take your best guess and than multiply it by 2.5. The budget gets the same multiplier.
P.S. SheetRock = drywall = wallboard

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Title Post: i am replacing insulation, ceilings, and walls in an older home, any advice or tips to save money.?
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