Washington DC Rehab pricing

[Sharnita Smoot]

Greetings Fellow Investors, 

I am interested in putting this house under contract but I need help with estimating the rehab cost. 

The owner of the house passed away and left it to a relative. The owner was a hoarder. And the house per the nephew isn’t not viewable because of this. 

The steps on the outside of the home is damaged and is basically just gravel. 

There was roofing damage that was fixed. The roof not the room that it impacted. 

The house is a 3 bed 1 bath and 1505 sq ft and most houses in this area get flipped to a 4bed 3.5 bath with an ARV of $700k.

I just really need help with estimating how much the repair for this house would be around?

And how much an investor would be willing to purchase for a property with so much work needed?

Thank you in advance! 

[Marian Huish]

I sell several properties in this condition in DC... it sounds like it's basically a shell and will require total rehab, not repairs.  Depending on the contractor skill level, size of their team, quality of renovations, etc. you're looking at costs from $80K-$150K... plus they'll need to work in their profit margin.  It also depends on the specific location in Brightwood... i.e., is it on a desirable residential street?  sandwiched between homes that have been or need rehabbed?  near a bus stop? etc.   I generally pay to have the contents of the property cleared which can cost $3,000-$4,000 alone.  I'm a little unclear whether you've already got it under contract and are looking to assign it to someone else?  or are you a Realtor looking to list it?  If you're planning to do the repairs & resell, it sounds like this may be more than you'll want to take on.