Updated almost 2 years ago on . Most recent reply
San Diego Gut Rehab
I inherited a property, 2 story 2200 sqft. 4 bed 2 1/2 bath. 1981 built. It's going to need a full gut. About how much should I budget for a GC to project manage. I don't have the time to sub out myself for this big of a project.
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
My last full gut: similar size sq ft, but built in 60's, cost about $135/psf and we were GC. Quotes from GCs tend to be about 20%, so that bumps to $162/sf in Cincinnati, OH. $200/psf doesn't sound too extreme for San Diego.
But when you say full gut, do you also mean all new electric, new plumbing, new roof and gutters? What about window replacements, siding, etc?
Sometimes I wonder, if this is just a "generic" 80s built tract house, would demo and new construction be cheaper? I truly don't know, but if the gut is extensive and you are going to hire GC anyways, it might be worth throwing some numbers around to see what you can get.