Identifying Estimated Repair Costs...

[Zane Bradshaw]

Hi, I wanted to know how you guys generally calculate the estimated repairs of a house that you are looking at, or if you browsing on classifieds and stumble across a house that has potential, how do you calculate the repairs? 

Is there like a rough calculation people use, like a certain percentage on the cost of the property? Or maybe a percentage of the average property prices in that area? 

Thanks in advance! 

[Steve Bracero]

@Zane Bradshaw

Get the PDF of J Scott Book estimating repairs it comes with his book on flipping houses. Very good resources, and invaluable for a newbie in the game. 

Once you get better at estimating costs, you will be able to estimate things such as: 

roof, kitchen, bathroom, flooring, painting rooms, doors, windows, etc.