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Updated almost 3 years ago on . Most recent reply

User Stats

8
Posts
11
Votes
Michael Fitzgibbon
  • Rental Property Investor
  • St. Louis, MO
11
Votes |
8
Posts

How much should I budget for total gut rehab?

Michael Fitzgibbon
  • Rental Property Investor
  • St. Louis, MO
Posted

Is $85k too much or too little to budget for a complete gut rehab for a $969 square foot, 1 story, signal family in St. Louis area? Roof, foundation, and all brick are good structure good. However, pretty much everything else needs renovation or completely replaced. Removed all interior studs and reframing out two bedroom/two bath. Needs new electric, plumbing, HVAC, and windows.

Most Popular Reply

User Stats

312
Posts
282
Votes
Zachary Inman
  • Specialist
  • Indianapolis, IN
282
Votes |
312
Posts
Zachary Inman
  • Specialist
  • Indianapolis, IN
Replied

Take whatever you have... and add 10k haha. There are always latent issues. 

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