Second pair of eyes for the rough budget on my first offer
Hi everyone, I am looking to put in my first offer for a flix&flip :) and I just wanted advice on if I estimated rehab costs correctly before moving forward. I have true estimates on some of the work but not on everything. I will include the estimates in parenthesis I received thus far, anything else will be what I estimated based on previous work done on my personal residence. This property is in Carbon County, PA. This is what we have decided for the scope of work on the rehab:
Professional mold remediation with basement clean-up ($4600)
Conversion of the family room on the 1st level to a 4th bedroom. ??? ~$1800
New Paint & Carpeting throughout ($8800)
Replace the front porch deck boards ($3500)
Power wash vinyl siding & roof ($500)
Minor landscaping to clean up outside yard and minimal landscaping around the front and side ~$1000
Extend the deck from the sliding glass door to the side kitchen door with one set of stairs entering the kitchen door (roughly 6-12 linear feet not including the steps) ~$3500
New stove and dishwasher ($1200)
I included a miscellaneous cost for anything that may come up of $5000. Total rehab is estimated at $29,800. Does this look okay for a rough budget? Any help will be much appreciated!!
Thanks Alex!!