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Updated over 1 year ago on . Most recent reply

Help Estimate Rehab/Deal Analysis
Hi,
How do I give an estimate to a seller if I can't get a contractor out within a certain timeframe and I don't have the exact measurements for certain things?
Current issues:
- potential roof penetration
-plumbing do to leaks
-cabinets (there was a leak under the sink and 3 drawers aren't working, do I price for a new set of cabinets?)
-HVAC generating air but the refrigerate lines aren't insulated and the temperature took 45 mins to drop inside
- 2 dead outlets and 2 outside won't take a reset
-need a hot water tank and the floor leveled where the hot water tank is (utility closet)
- two new decks due to mold spread
I plan to make a few calls this morning to contractors but trying to determine what other steps I could be taking to give to seller. They are willing to credit, but I'm thinking about the things I may discover during rehab after the deal is closed on.
Thanks.
Most Popular Reply

Do you have the property under contract? Is the property contingent on inspection?
If that is the case, I would recommend extending the inspection contingency period to allow for ample time to get quotes from the contractors. These are not minor issues, and I would not "guesstimate" these rehab costs. This could be the difference in making or breaking your deal in the long run.