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Full Gut Remodel Costs
Recently acquired a single family property through a death in the family. 2000sqft property needs a full gut and plans to turn into a 2 family. No debt on the property. Estimates are bout 400k for full gut remodel (hvac, plumbing, electrical, roof, mostly new windows, kitchens, and baths, minor re-framing) New plan is for (2) 2B1B units and will rent for 2k and 2500/mo. 1 unit is a larger 2 bedroom. Any feedback on these numbers? Initial thoughts was this is expensive but I have multiple GCs in the 400k range.