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Updated over 6 years ago on . Most recent reply

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Collin Savunen
  • Specialist
  • Shelton Washington
31
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42
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Washington rehab costs

Collin Savunen
  • Specialist
  • Shelton Washington
Posted

Hello!

I'm am starting to look at houses and have some questions on the rehab costs. 

Does anyone in the Olympia area have any recommendations for contractors? 

Are there any ball park estimates for rehabs you guys use?

I have started my own research as well looking here on bigger pockets reading some estimating rehab articles and watching some videos. But the more information I can get from all sources the better. 

Thank you,

Collin Savunen

Most Popular Reply

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441
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378
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John Barrett
  • Rental Property Investor
  • Everett, WA
378
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441
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John Barrett
  • Rental Property Investor
  • Everett, WA
Replied
@Collin Savunen this question is really hard to provide a meaningful answer to other than it depends. I completely get that doesn’t help you at all but it’s the reality. Your scope of work is going to determine your rehab budget. I would suggest you attend local REI meet ups and speak with contractors/flippers about their experiences with specific projects. This will allow you to be respectful of their time but also build up specific knowledge about materials they like and the costs of those projects. This will be a lot more meaningful than just us $25-$35 per sq ft for a light to medium rehab. Also, spend sometime to develop an example scope of work (bathroom remodel) and price out all the materials to do the job. You can learn an awful lot by just wandering around home depot at the various pricing on items. Hope this helps and best of luck.

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