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Updated about 4 years ago on . Most recent reply

User Stats

9
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10
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Rob Lee
  • Rental Property Investor
  • Newark, DE
10
Votes |
9
Posts

Best approach for estimating repairs

Rob Lee
  • Rental Property Investor
  • Newark, DE
Posted

How should repairs be estimated on a potential buy:

1. Bring a general contractor with you to give an estimate before purchasing.

2. Bring different contractors for each area of repair before purchasing.

3. Get an inspector to check out the property and run his analysis by a contractor.

4. Conduct a visual inspection yourself and make your own guesstimate.

5. Other (please explain)

Most Popular Reply

User Stats

380
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586
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
586
Votes |
380
Posts
Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Rob Lee I think you are on the right track getting the inspection done first and then going from there. This will help you assess what needs to be done to the property.  Once the inspection is done bring different contractors for each repair to cut costs. 

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