How much money does it cost to rehab

[Gavs Guigui]

I found a house in Sandusky, OH it is three beds two baths 2,800 square feet built in 1927 and they're asking for 100 grand the house will need new paint new flooring new bathroom new kitchen pretty much everything needs to be fixed approximately how much will it cost to do a full renovation of the house

[David Avery]

Up dating your plumbing and electrical are the two main concerns of a house that is 95 years old.

Then Furnace/AC and roof can be pretty costly also.

Kitchens $10,000-25,000

each bathroom  $2500-$7500

Flooring $2-$4 per square foot.

Painting $1-$4 per square footage.

If you need to update the plumbing or electrical you can plan on at least $10,000/$20,000 .

Just to patch there demo could cost you $5000.

Your RE agent should know a couple contractors that can look at it and give you numbers.  If your RE agent has any construction background that would be  great.  Inspectors only look at problems not knowing anything about rehab cost.

I did on that was built in 1900 in Pueblo Co, I bought it for $53,000 and did all the rehab.  No electrical or plumbing, roof was great and Heat was great.  Sold it in the spring.  Made $100,000.   But I did the work!

I re sanded the floors and stain and varnish.  

Be careful!