Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

33
Posts
23
Votes
Paige Clarke
  • Harrison , NJ
23
Votes |
33
Posts

How to accurately estimate ARV w/o experience?

Paige Clarke
  • Harrison , NJ
Posted

Hi BP Network-

Need help-

How do I go about estimating the cost of potential repairs for a house/condo if I have limited experience with rehabbing and GC costs. I especially am unsure because I am new to the NJ market and am not sure if the costs drastically change for location/supplies/labor/etc. 

I know I can head to a Home Depot and estimate supply cost if I have an idea of the square footage/area coverage. However- in regards to labor, I want to learn, but don't know how to go about this without putting something out for a real estimate. 

Question: How can I become more knowledgeable and better educated about estimating these costs so I can have an accurate ARV?

Thank you!

Loading replies...