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If it were my house...
1. Aluminum wiring reduces the value of the home...even if you remedy it in any way other than replacing it.
2. Almost every home with aluminum wiring has almost no insulation...because aluminum wiring has been known to be a problem since the 80's where they first started properly insulating homes (so the walls have likely never been opened).
3. If I bought such a home, I would treat it the same as "knob-and-tube" wiring. Open the walls and run new copper and properly insulate "while I was in there". Add outlets and can lights as needed while in there. Upgrade the circuit panel as well.
4. Charging by the square footage of the house seems strange as the work is largely based on how many lights and receptacles (unless there was a code requirement by sq ft there when built).
I would use whatever I could get from the seller to help do this.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
http://www.pelicanparts.com/gallery/fintstone/
"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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