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Updated about 9 years ago,
Any Builders in the House? NJ Rehab Costs Per Square Foot.
I would like to get a better understanding of rehab costs per square foot in Northern NJ. The type of renovation projects I typically work on are much more involved and custom than what I'm looking for, so typical numbers are $150/SF and up, depending on the type of project and finishes. I'm looking for numbers on a basic multifamily rehab that I can turn into a rental (upgrade electrical, plumbing, economical finishes, etc.). Assuming there are no structural problems, or site work, what is a fair range I should use as a guide for NJ? Is $25-$50/SF doable if I put in sweat equity where I can, and buy materials myself? I'm new to this area, so would love to connect with people who have experience working on NJ rehabs. Thanks!