Ways to roughly estimate rehab?

[Joshua Krilov]

I came across this video on youtube with a chart to quickly determine a rough estimate for repairs.  

I'm wondering if anyone can give me a similar chart with LA prices? I am aware that the best way to get an estimate is to do a walkthrough with a contractor but I am looking for a way to guesstimate. Or if you have a better method to do rough estimates, I'm all ears.  

[Dale K Poyser]

I'd use yelp to find different contractors. Tell them what you want to do with the different pricing options you want. After a few conversations you will have a good feel for rehab costs just by looking at a property.

Also, some regular trips to home depot to check out their packages for appliances and home renovations can be helpful too.

The benefit of this is that with that kind of knowledge you will pick up important info along the way and you will be able to develop your own system and standard.

For example I'm getting some flooring work done and by reaching out to different vendors I learned that SPC flooring is a lot more durable  and cheaper than WPC (SPC and WPC are both types of Vinyl flooring) - also by price shopping you will find one vendor is charging you $3.5 per sq ft for flooring and that same flooring is being sold elsewhere for $2.49. For a 1000 sqft house that is a $1000 savings.

Also by making those home depot trips and talking to contractors you will get an idea for what is best and what would be good selling points for your property like 20ml vs 12ml wear layers or SPC vs WPC.

my .02