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Updated about 9 years ago on . Most recent reply

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4
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1
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Joe Carrier
  • Real Estate Agent
  • Cape Coral, FL
1
Votes |
4
Posts

Best app to estimate repair costs

Joe Carrier
  • Real Estate Agent
  • Cape Coral, FL
Posted

Hi everyone my weakness is understanding repair costs and until I get more experience I'm wondering what the best application is for your phone that will help you until you have more experience figure out remodeling costs to flip a property 

Most Popular Reply

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17,995
Posts
17,198
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J Scott
  • Investor
  • Sarasota, FL
17,198
Votes |
17,995
Posts
J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

An app isn't going to be able to accurately estimate rehab costs. There are too many variables that contribute to the equation: 

Are you hiring a GC or subcontractors? 

What type of Contractor? 

What type of house? 

What level of finishes? 

What time of year? 

What location? 

How good are your negotiation skills?

Plus a whole lot more...

Instead of relying on an app, learn the methodology for estimating repairs and create your own spreadsheets that will reflect your actual costs.

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