Rehab Cost Breakout Dayton Ohio

[John Mazzella]

Hi everyone,

I am looking at properties and running numbers for BRRRR deals. As expected, the most difficult part of running the numbers is coming up with realistic rehab costs. Does anyone have an itemized rehab contract they wouldn't mind sharing with me?

I am hoping to make a file with estimates by materials and average time for each activity. Would be more than happy to share this with those who need it, but first I need a few examples of prices people have paid in the past.

Thank you!

John

[Brandon Sturgill]

@John Mazzella the last 11 C-class renovations we have done all turn out at $10-12/sq.ft....basically a standard heavy cosmetic rehab with new range and fridge...HERE is an example itemized scope broken out by materials and time. Remember, this is very basic...and these can get quite complex and detailed depending on the scope.

These were;

1. Demo/ cleanout
2. Prep & drywall
3. Prime and paint all walls, ceiling trim
4. Prime and paint cabinets- add new hardware
5. Install new counter tops, sink, and faucet
6. Install LVP flooring in bath and kitchen
7. Carpet squares in living and bedrooms
8. Replace all light fixtures
9. Replace all plumbing fixtures (sometimes toilet and sink/vanity)
10. Add medicine cabinet
11. Refinish shower/tub
12. Add wainscot and top rail
13. Add new door hardware throughout
14. Install new appliances...

If you are planning for exterior work like replacing a roof, masonry work, adding siding or windows and doors your budget will double...if you are replacing mechanical systems like furnace or a/c or water heaters...your numbers will change drastically …

Most of this stuff can either be estimated per unit or sq.ft. and you can get 80% accurate and build in contingency...

What is the type of property, the sq.ft. and is there exterior and interior work...what about the structure...is it good...drainage good? appliances present and working?...how are the mechanical and electrical systems?