Rehab Cost Rule of Thumb

[Deonte Hill]

Hello all,

And thank you in advance for your input. When it comes to rehabs, I’ve seen in the forums a good rough estimate is $20-$100/sqft, dependent supply the severity of the rehab. I’m looking to purchase a property and the house seems in pretty decent condition. Just needs to update the kitchen cabinets, appliances, bathrooms, and some paint. Would be too far off to assume a a rehab cost of $40k?

I’ve attached some pictures for reference.

[Robert Leach]

That is a small kitchen so looking at less than 10k all in, the flooring 7-8k if you are using a life-proof style LVP and drywall/paint about 5k based off your SF. Bathroom depends on if you are swapping out your walk in. But if its just a new vanity, TP package and shower door looking 2k or less. I'd say your safe at 30k