QOTW: what’s the average cost per sqft to rehab?

[Alicia Marks]

Welcome to the new Question of the Week! It looks like estimating rehab is a big hurdle, so let’s get talking!

Make sure to vote in our poll and mention your location and average in our post. If you can give ballparks for the ARV range, sqft, and maybe a few key things such as roof replacement, new hvac etc that will help people learn what they may be able to expect in their area.

Got any tips or tricks to building a scope of work or finding affordable supplies? Add them here!

Haven’t found your first property yet? Don’t forget about our fileplace for templates, forms and documents to help you out! It’s free for every user!

https://www.biggerpockets.com/...

[Michael Smythies]

Hi there, 

This is a question I often have regarding average rehab costs as well. I am working on a full condo renovation in downtown Seattle right now. We are approximately 90% finished. I've been keep tracking of all my rehab expenses and dividing that by our total square footage. As of right now, we are sitting at about $75 sq. ft. This includes demolition, new kitchen, two new bathrooms, minimal plumbing work, full electrical work, flooring, paint, drywall work, new trim, shelving and appliances. 

Curious to hear what others have to say.