Renovation Cost Sheet BALLPARK

[Ian Checketts]

Do you want to have ROM(Ballpark) numbers to help you evaluate multi-family renovation costs? Check out my renovation cost sheet below!

Disclaimer: These are just for ballpark; area, contractor, scale, and location will all change these prices. I highly recommend finding a contractor local to your area that can help you put together your renovation numbers.

My main goal is to shed some light on what it actually costs to renovate apartments. A small estimating error can not only ruin a deal but could end your investing career forever!! These numbers have helped me when I am underwriting deals to determine if the value add I am trying to do is even possible with my budget. How many of you have seen a property listed and only half the units are renovated? This is because the investor ran out of their Cap Ex?

Please comment, message, harass me! I want your input and thoughts.

Div	Description	Cost	Unit
1	Engineering Structural	$350-$5,000	EA
2	Asphalt Parking Lot	$10.00	SF
3	Asphalt Striping	$0.75	SF
4	Sanitary Sewer	$2,000-$20,000	EA
5	Storm Water	$10,000-$20,000	EA
6	Water Mains	$2,000-$20,000	EA
7	Tree Removal	$2,000-$10,000	EA
8	Demo	$540.00	Unit(1000SF)
9	Counter Demo	$250.00	EA
10	Mold Treatment	$400.00	Unit(1000SF)
11	Concrete Sidewalks	$6.50	SF
12	Curb and Gutter	$8.50	LF
13	Brick Veneer Repairs	$1,000-$25,000	EA
14	Brick Point Up	$40.00	SF
15	Metal Pan Stairs New	$7,750	EA
16	Ext. Metal Railing	$750-$1,500	EA
17	Framing(New Const.)	$10-$25	SF
18	Cabinets	$3,000.00	Unit(1000SF)
19	Cabinet Demo	$500.00	Unit
20	Interior Door	$160.00	EA
21	Exterior Door	$265.00	EA
22	Fibert Cement Siding	$8.00	SF
23	Vinyl Siding	$3.75	Wall SF
24	Insulation	$1.50	SF
25	Roofing	$2.25	SF
26	Replace Window	$175.00	EA
27	Drywall Point Up	$500.00	Unit(1000SF)
28	Drywall Hanging	$18.28	Sheet
29	New Sheet Taping	$6.00	Sheet
30	Carpet	$1.40	SF
31	LVT	$2.61	SF
32	Interior Painting	$2.00	SF
33	Exterior Painting
34	Mailboxes	$10,000-$30,000	EA
35	Wire Shelving	$65.00	EA Closet
36	Fire Extinguisher	$45.00	EA
37	Blinds	$465.00	Unit(1000SF)
38	Bath Accessories	$157.74	Unit(1000SF)
39	Mirrors	$33.98	EA
40	Garage Door	$916.67	EA
41	Trash Compactor	$35,000-$50,000	EA
42	Refridgerator(Stainless)	$1,035.00	EA
43	Range(Stainless)	$782.00	EA
44	Dishwasher(Stainless)	$197.00	EA
45	OTR Microwave(Stainless)	$251.00	EA
46	Granite Countertops	$37.00	SF
47	Formica Counters	$10.00	SF
48	Sod	$1.56	SF
49	Irrigation	$500-$15,000	EA
50	Pool(New Const.)	$80,000-$200,000	EA
51	Water Submeters	$185.00	EA
52	HVAC Units & Grills	$3,450.00	Unit(1000SF)
53	HVAC Ducts Replace	$500.00	Unit(1000SF)
54	Tub Refinish	$500.00	EA
55	Bath Faucet	$60.00	EA
56	Kitchen Faucet	$115.00	EA
57	Kitchen Sink	$175.00	EA
58	Fiberglass Tub Replace	$950.00	EA
59	Toilet Change	$135.00	EA
60	Outlets & Switches	$750.00	Unit(1000SF)
61	Ceiling Fixtures	$75.00	EA
62	Ceiling Fans	$220.00	EA
63	Panel Replacements	$635.00	EA
64	Additonal Wiring	$250-$5,000	EA
65	Smoke Detectors Battery	$17.00	EA
66	Smoke Dectors Wired	$40.00	EA