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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.

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