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Updated almost 2 years ago,

User Stats

17
Posts
6
Votes
Kevin Alvarado
  • New to Real Estate
  • Chicago, IL
6
Votes |
17
Posts

Calculating Rehab Estimates

Kevin Alvarado
  • New to Real Estate
  • Chicago, IL
Posted

Hi flippers! I'm seeking advice on the most efficient way to estimate rehab costs for multiple properties. What are your current price-per-square-foot rates for low to mid and high-end rehabs? I'm specifically looking at the following categories:

  • Low to mid-end fix: cosmetic updates such as painting, carpet, and minor repairs
  • Higher rehab: flooring replacement, full interior paint, cabinet/vanity/kitchen replacement, and countertop rework
  • Interior remodel: similar to higher rehab, but with shower/tub replacement and other interior updates
  • Full remodel: everything from previous categories, plus additional work on the house and outdoors

As a newcomer to the flipping game, I appreciate any advice on estimating a good deal or anything related to real estate flipping and new construction. I'm located in the Logan Square area. Thank you in advance!

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