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Updated 2 months ago on . Most recent reply

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Silas Melson
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Estimating Rehab Costs

Silas Melson
Posted

New investor here. I’m stuck when I try to run numbers on a potential deal, how do you generally estimate rehab costs? I don’t know where to start on such topic. 

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Bruce Woodruff
#2 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#2 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied
Quote from @Caleb Brown:

Pay a contractor to walk the property or multiple to get a idea. Have them give you an itemized general scope. Each property is different and needs different things. 

This ^^^^. There is no 'per square foot' method that is accurate....
At least until you have quite done a few....

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