Recommended Resources for Estimating Rehab Costs/Info on Rehab Costs

[Natasha Rooney]

Hello! 

We are just getting started and trying to build a solid foundation before jumping in - hopefully in the new year. I know that SO many things will be learned about rehabbing a property during the first time we do it. However looking for resources about estimating rehab costs and knowing what is important and what is not. I know this is also area dependent regarding costs and what people are looking for in a place. 

However, with all that aside, can anyone recommend any good books, YouTube channels, blogs, etc. about estimating rehab costs? Looking for something more recent. Most books I have seen were made pre-covid and I know lots of things have changed! 

Thank you for your time!! 

[Jon K.]

The Book on Estimating Rehab Costs by J Scott

[Natasha Rooney]

@Jon K. Thank you! I did come across this book but haven't purchased it yet! Do you think the info is still relevant even though it was made in 2019? Thanks!

[Jonathan Greene]

The numbers in that book and his Book on Flipping Houses, both great, are not a relevant now or in different markets, but the processes are very important. It's a great book to get the lay of the land and then complement that by meeting other investors and contractors at meetups in your area so you can start to ask questions on general numbers to educate yourself.

There is no quick way to know rehab costs and a per square foot calculation is never correct unless you are applying it to full guts of the same size all the time in the same area.

[Jon K.]

Quote from @Natasha Rooney:

@Jon K. Thank you! I did come across this book but haven't purchased it yet! Do you think the info is still relevant even though it was made in 2019? Thanks!

 Absolutely