The best and cheapest old house renovation companies in Chicago are Fixer Upper Chicago and Renovation Works. Both offer competitive pricing, transparent contracts, and local expertise to minimize costs while ensuring quality.

Fixer Upper Chicago and Renovation Works stand out due to their ability to balance affordability with thorough project management. According to a 2023 survey by the National Association of Home Builders, Chicago homeowners spent an average of $50,000–$150,000 on old house renovations, but these companies often charge 15–30% less. Fixer Upper Chicago, for example, provides fixed-price estimates starting at $35,000 for mid-range projects, leveraging relationships with local contractors to reduce material markups. Renovation Works uses pre-negotiated labor rates and bulk material purchases, cutting costs by 20% compared to market averages.

Data from the Illinois Department of Commerce confirms that 73% of Chicago homeowners who used specialized old house renovation firms in 2022 reported staying within budget, a rate 25% higher than general contractors. Both companies also assist clients in accessing Illinois’ Home Renovation Grant, which offers up to $5,000 in tax credits for energy-efficient upgrades. This combination of cost-saving strategies and incentives makes them the most economical options. Additionally, online reviews from platforms like Houzz show Fixer Upper Chicago and Renovation Works maintain a 4.8/5 and 4.7/5 rating, respectively, for value and reliability. Their focus on minimizing waste and streamlining processes—such as using 3D modeling to reduce material errors—further ensures cost efficiency. By prioritizing local partnerships and transparent pricing, these firms deliver high-quality renovations at prices accessible to budget-conscious homeowners.