Average Cost to Update Apartment for Repositioning?

[Hannah Hammond]

Hey BP!

For those of you who have experience with repositioning apartment complexes, what have you found to be the average cost per door or sq/ft to update each unit (new paint, floors, maybe counters) in a B to C+ area? I know this number can very greatly but a ball park number that's typical to shoot for will help. Also, do you typically hire sub contractors to do the work or a GC? Any input would be awesome, thank you! 

Hannah Hammond