I am trying to estimate the cost and work involved to rehab an older home I have made an offer to buy. This home has wall paper in 5 rooms (about 1000 s.f.) that would need to come down, and the walls would need repair. I realize that the walls will need a skim coat after the wallpaper has been taken down, but I've been warned that this method will not last long, and will crack after a few years.
I've also been told that drywall compound applied over the old walls might provide a good base for painting. Is this a do-it-yourself project for someone with a little drywall hanging experience? (me!) If not, what sort of cost should I figure for someone else to do it?
Any suggestions would be appreciated, but I don't want to go the route of putting drywall up over the exiting paster and lath walls -- I'd rather have imperfect walls than shallow woodwork.