Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

393
Posts
116
Votes
Alain Perez-Majul
  • Investor
  • Indianapolis, IN
116
Votes |
393
Posts

Rule of Thumb for how long a rehab should take

Alain Perez-Majul
  • Investor
  • Indianapolis, IN
Posted

I've worked with a GC on a handful of projects now, but I am definitely still new to doing rehabs (both small and big), and given my inexperience, I don't have the best grasp on the expectation for how long a project should take. In my personal experience, a couple of my projects have been completed in what "felt" like a reasonable amount of time given the scope, while others definitely went on for way too long (frankly, I wasn't on top of my GC as much as I should've been, and therein has been yet another learning lesson). 

As a result of not a good idea of what a fair expectation is when it comes to how long a project should take, I struggle with implementing that accountability with my GC. I was hoping I could get some feedback on this- is there a general rule of thumb regarding knowing how long a project should take? I was told by another GC I know that you can expect $1,000 of work to be completed a day... so if a bid is $50k, the project will take 50 days. But, I have no prior construction background or experience and thus lack frame of reference.

Any feedback would be greatly appreciated! Whether a basic "rule of thumb" or exactly how to understand and determine how long a rehab should take to set expectation with a general contractor, anything helps :)

Cheers

Most Popular Reply

User Stats

393
Posts
116
Votes
Alain Perez-Majul
  • Investor
  • Indianapolis, IN
116
Votes |
393
Posts
Alain Perez-Majul
  • Investor
  • Indianapolis, IN
Replied

@Jaron Walling appreciate the feedback!

Yeah, I completely understand that there are those nuances and factors. So perhaps the smartest way to go about it is putting together a scope of work, having 3 GC's bid out the project, and ask them how long they expect the project to take in order to get a general idea? Because at the end of the day, 2-6 months is quite the range, and perhaps a project should take 2 months and you're told 5. 

Perhaps it IS simple a matter of experience and learning as you go.

Loading replies...