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Updated almost 3 years ago,
Construction Cost Estimate
Hey guys, I'm looking to do my first larger rehab project. Converting an existing building from 5 units to 26 units. 2 floors are just a shell and need to be rehabbed for either 1 or 2bed units.
I'm trying to get a feel for construction PSF in my situation before I start spending a lot of time on this asset. What have you guys seen from bids?
I've done smaller size buildings 3-5 units and on my last project I paid about $40 PSF. This was a gut rehab for the kitchen and bath and touch up the rest of the home.
Here I need to outfit plumbing, electric, framing, etc for about 6000 sq per floor.
Any advice or feedback is much appreciated.