What would my repairs be in CA? (Pics)

[Curtis H.]

Hey guys, based on these pics of the 1300 sq ft home built in 1940, what would you guess the repairs would be? Keep in mind I will have to add a bathroom.

It has a new roof and new electrical. That's it. Furnace heater with floor vents, galvanized plumbing. Old kitchen. All things I can live with while slowly fixing up the place.

Great size lot, great neighborhood. Homes fixed up to the max similar sizes are selling for anywhere from $550K in June, to $615K recently, but those homes were a little bigger by about 300 sq ft. He thinks its worth $500K as it sits, and I still think that's a little high for the work needed, but I could be wrong.

At $500K it's still about $60K out of my price range to be honest, but I could get it under contract for say $480K and flip it to a rehabber for say $500K. Even with $65K in rehab costs, if they sell for $615K that's a nice spread. Thoughts?

[J Scott]

Originally posted by Curtis H.:

So I guess my direct questions would be...

My answer to all three questions would be, "There's not enough information..."

Nobody can tell you how much a rehab will cost by just looking at pictures. To know how much a rehab would cost, you need to consider the scope of work, the finish level, the specific contractors, the location, the time of year, your negotiation skills, etc. You at least need that first piece (scope of work) to even ballpark the cost. If you can provide a detailed scope of work for the project, we may be able to help you get a rough estimate, but a few pictures can't tell us what's in the walls, how the foundation looks, what the level of finish needs to be to compete with other local properties, etc.