Houston price/sqft for renovations?

[Caleb Hood]

Hi all,

My wife and I will be moving to Houston, TX shortly and are looking to purchase a distressed small multifamily (2-4 units) using a 203k loan, renovate completely, and live in 1 unit while renting out the other 1-3 units. I'm getting started on getting to know our target markets. We need to be within a 10-minute commute of the medical center, so for us our target market is Third Ward/South Central/Macgregor/Greater OST/South Union.

Could someone who knows these local markets give some insight into price of renovation per square foot? I'm trying to get better at being able to "run my numbers" as I look at properties.

Thank you in advance,

Caleb

[Alan F.]

Quote from @Caleb Hood:

Hi all,

My wife and I will be moving to Houston, TX shortly and are looking to purchase a distressed small multifamily (2-4 units) using a 203k loan, renovate completely, and live in 1 unit while renting out the other 1-3 units. I'm getting started on getting to know our target markets. We need to be within a 10-minute commute of the medical center, so for us our target market is Third Ward/South Central/Macgregor/Greater OST/South Union.

Could someone who knows these local markets give some insight into price of renovation per square foot? I'm trying to get better at being able to "run my numbers" as I look at properties.

Thank you in advance,

Caleb

 Each and every rehab is different and unique. Price per square foot wont work. I'd suggest getting at least 3 estimates from reputable General Contractors. Congrats on your move.