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 over 10 years ago on . Most recent reply

User Stats

144
Posts
24
Votes
Kyle M.
  • Wayne, PA
24
Votes |
144
Posts

Rehab Estimate - good deal?

Kyle M.
  • Wayne, PA
Posted

So looked at a short sale property today.  I'm looking to buy and hold.  This property is listed at $90k and median rents in area are $1350 and takes are ~$3700.

There are some issues with this house and am going to get estimates from a GC unless you guys think its a dud and not worth it.  How much do you believe that a house like this would cost to rehab?

Issues Found:

- chimney detached from roof
- bow in roof (next to chimney)
- deck needs some new boards and refinishing
- slant in kitchen floor (REALLY concerning)
- DIY trim (put up own trim throughout entire house!)
- 2nd living room with no heat source besides gas powered fireplace (it looks like it was an addition, and yes it has two fireplaces) - no other heat source any fixes?
- electrical box is 2nd living room
- attic sealed off due to I believe animals living in it (due to crack between chimney and roof)

Cosmetic Upgrades:

- repaint int/ext
- replace trim (looks like a bad job, DIY style)
- shed removal
- carpet throughout
- new tile in kitchen and front walk way
- need to do something with that heat source in 2nd living room (don't like the fireplace much)
- deck restoration
- fix cracks in drywall
- tub liner
- replace countertops
- fix chimney /bowed roof
- window sill replacements
- fix slop of floor in kitchen (some how)
- closet doors and a lot of wood work needs to be fixed

Probably missing a bunch of stuff but the things that really concern me are the slant in the kitchen and the gap between chimney and roof.

Thanks for the help, let me know what you guys think.

Here are some pictures I took today:

Loading replies...