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Updated about 1 year ago, 12/12/2023

User Stats

5
Posts
2
Votes
Colin Carey
  • New to Real Estate
  • Chicago, IL
2
Votes |
5
Posts

Best Rehab Estimate Techniques

Colin Carey
  • New to Real Estate
  • Chicago, IL
Posted

Hi Everyone! I'm just getting started in my real estate career and one area I want to improve on quickly, is rehab estimation costs as well as the added value from it. I am not a contractor by any means and I understand no contractor is going to walk a property, or multiple properties for that matter, to estimate your costs without the real intent of purchasing. I have used the estimator on the site and it just seems to be not detailed enough along with a black box around where the numbers actually come from. This is more so a quick estimate to evaluate if value can be added to a property, not the full due diligence needed towards final stages of closing. Thank you for any and all advice!

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