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 6 months ago on . Most recent reply

User Stats

5
Posts
7
Votes
Ryan Dickerson
7
Votes |
5
Posts

Construction cost estimates/guides

Ryan Dickerson
Posted

I'm a new investor in Seattle and have been analyzing flips, short-term, and long-term rentals using Dealcheck and some proformas that local agents and investors have sent me. Does anyone have a trusty renovation/construction estimate calculator or guide they use for our market? 

I have used Coach Carson's recommended spreadsheet from "Woman Builder" (linked), and it's excellent for listing all the various cost categories I may confront on a project. However, I haven't found a good source for quick estimates based on the size of the project, year of build, etc., specific to our market. I'm still looking for a general contractor, but I don't have regular deals to make a GC's time valuable when estimating each job. I want to assess independently before reaching out and doing further due diligence with experts. 

Any recommendations? 

  • Ryan Dickerson
  • Most Popular Reply

    User Stats

    4,073
    Posts
    2,480
    Votes
    Jonathan Klemm
    • Contractor
    • Chicago, IL
    2,480
    Votes |
    4,073
    Posts
    Jonathan Klemm
    • Contractor
    • Chicago, IL
    ModeratorReplied

    Wow, @Ryan Dickerson I love your post because you seem to be on the right path.

    Figuring out your construction cost and building your team prior to entering into deals can alleviate a lot of stress during the project.

    Also, your respect and understanding of the value of a general contractor's time is impressive.  Here in Chicago, we charge to walk properties with our clients, so you could double-check with some of your local GCs in Seattle to see if you could pay them for their time.  Walking projects and hearing their thoughts will help you elevate your game and look at things differently.

    business profile image
    Quality Builders
    5.0 stars
    34 Reviews

    Loading replies...