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Updated almost 7 years ago,
Basic Renovaion Costs
I am looking to purchase a buy and hold investment rowhome in the Deanwood neighborhood of Washington DC. My goal is the BRRRR strategy. Can anyone offer any insight regarding approximate costs for basic reno (refinish floors or put in laminate, paint, fix drywall, touch up bathrooms/kitchen) to make rentable for a 3/1 rowhome of approximately 1,000 sqft? I will do my due diligence with walkthroughs and pre-inspections to avoid big ticket repairs before purchase but am looking for appproximates for basic reno costs for a rowhome in this neighborhood in reasonable condition. Any thoughts/insight would be greatly appreciated.