What do you normally spend on cosmetic repairs?

[Stephen Akindona]

Hey BP, I am thinking about purchasing my first property!!! It's a 4plex with each unit renting for about 650-700.

It is in good shape, but definitely in need of some cosmetic repair.

Each unit is 2 bed 1 bath with about 1100 sq.

What do you guys normally spend on these items, keep in mind its a 4plex and all 4 units need the following:

Paint

Cleaning

new flooring (kitchen, bath, some carpet, hardwood just needs a good waxing)

What would you estimate to be the cost, I know it would be a ballpark fiqure but it will give me a good idea of where to start.

[Jedd Braunwarth]

@Stephen Akindona I am sure you could cut all of those figures in half if you did it yourself and went with cheaper paint and flooring. I should have said that I generally use higher quality everything in my units. I try to find the material that is very durable and looks designer. Costs me more upfront but generally lasts much longer and I seem to get better tenants who take care of it. Good luck!