How much do renovations cost in Detroit, MI?

[Adam Adelman]

Hey there investors out there!

So I’m currently looking into buying my first real estate property in Detroit. I live in NYC and am very familiar with prices of renovations and labor costs here in NY. Since the NY market is different then all others, I was curious if anyone could share some figures with me. I’m potentially getting into a gut job situation and I need some hard figures so I can put together a budget.

How much does redoing plumbing and electric wiring cost? How much will redoing a 1 bedroom apt cost.

Any help is appreciated. Thanks guys