Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

123
Posts
38
Votes
Francis Rusnak
  • Flipper/Rehabber
  • Chicago, IL
38
Votes |
123
Posts

Cost to touch up a 800sq ft unit?

Francis Rusnak
  • Flipper/Rehabber
  • Chicago, IL
Posted

I just got what seems like an abnormally high estimate of 10k to touch up each unit in a multi-unit complex when renters move out.

For background the building is in Columbus, Ohio and each unit is a 3bed approx 850 square feet. The goal is to bring rent from 675 to 750 and eventually 800/month. 

I was thinking a normal amount to touch up a unit after someone moves out should be 500-1k (about what a security deposit is). To upgrade and make the unit nicer would be a couple grand, maybe 3k. 

Am I way off on my estimates? 

Most Popular Reply

Account Closed
  • Wholesaler
  • Dayton, OH
9
Votes |
10
Posts
Account Closed
  • Wholesaler
  • Dayton, OH
Replied

If you are going to do a lot of this, create a standard rehab finish "package" for bathrooms, kitchens, and other rooms and price it out.  Then reduce it to cost per square feet.

Then when you go into a place,  all you have to do is measure the appropriate room, do the math, and you'll have your number.

Loading replies...