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Updated almost 3 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Stephen Swanson
  • Oakland, CA
2
Votes |
12
Posts

Rehab Costs for SF Bay Area?

Stephen Swanson
  • Oakland, CA
Posted

Hi Bigger Pockets peeps, I'm new to flipping and I know a big part of it is estimating rehab costs.   I'm targeting East Bay suburban, SFHs under $1M before renovation.

I've read the book "Estimating Rehab Costs" by J. Scott, and watched recent videos from Bay Area flippers.  It seems the "average" flip construction costs are running $50-$100 sq. ft., if hiring a GC, and assuming no issues like structural or foundation repairs (which I wouldn't touch anyway), and not a high-end flip.

Ifs anyone is willing to share advice, especially some relevant line item contractor bids, that would be a tremendous help.  Thanks!

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