Looking for average costs for renovating properties

[Andy Robertson]

I am trying to get a feeling for the costs to renovate a home based on how big it is. I know that I am over simplifying things but if I wanted to create a rule of thumb to use when analyzing a property, what would you suggest I use as a starting point? Right now I have five buckets of costs: 1. Renovation estimates 2. Both buying and Selling Real Esate costs (6% on each side of the transaction) 3.Hard money costs at 2 pts origination plus 1 pt per month 4. Money paid to buyer when selling the property normally closing costs. 5.Title fees These are broken into 5 buckets of size: 1000 to 2000 sq ft 2001 to 3000 sq ft 3001 to 4000 sq ft 4001 to 5000 sq ft I am hoping you can provide what numbers you would use for these buckets and any other categories that I should be using. Thank you very much for your input! Andy