How to Estimate Rehab Quotes

[Kyle Lam]

Hi Everyone,

In terms of rehabilitation for a house that you might want to flip or rent, what is the best strategy to analyze how much rehab might cost you. I understand that rents and flips will have different criteria's of renovations and that I could always get a contractor to go out and get a quote; however, is there a way to learn on my own and be able to analyze how much a rehab will cost just from walking a house and going to a showing. I know it will not be 100% accurate, but I want to be able to have a range in terms of prices for renovations, just from eyeing the property myself. Let me know, thanks!