Analyzing deals and not sure how to factor in rehab prices.

[Debra Chepkemoi]

I am currently practicing analyzing deals but something that always stumps me is determining what need rehabilitation and how much it's going to cost. A lot of the videos I watch people know right away because of there experience. Is there a way I can learn about rehabilitation?

[Rita Neri]

These are Florida Estimates for Rehab. This is  very important because Rehabs Fail because the cost of Rehab is not estimated properly

These Estimates are based on a typical 3/2 home that is approximately 1200 Sq Ft. This is a very rough estimate and are handyman prices not GC prices.

Central Air $3500 for new A/C unit.

Ductwork estimate $800.

Paint exterior $1500-1800

Landscaping, removing trees,  depends on house but $500-1000

Removing tool shed or items from back yard $500

Roof estimate about $200 per square  (100SF) of roof. 1200 SF house roof around $7k-$9K

Septic System/ Drain Field $5-$7K or more

Windows can be very expensive and require permits in Fl. about $500-$1000! per window.

Remove or fix fence $500--$1500

Tent Termites $1400

Flooring about $2.50 per SF under air

Kitchen sink and granite estimate $$6500

Bathroom $2500

Electrical entire house wire with electric panel $3500

New doors, locks, ceiling fans, wall plates for outlets and switches $1000

Interior Paint $1500-1800

Insulation $1000

Drywall $6000K to redo drywall for 1200 SF house which is $5 SF

The best houses to remodel are houses with good roofs, good central air units, nice yards, no plumbing or electrical issues and NO swimming pool. So basic repairs for 1200 SF house are approx. $20,000.

Hope this helps! Rita