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Updated almost 2 years ago,
Calculating Rehab Estimates
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!