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Updated over 8 years ago on . Most recent reply

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76
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44
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Charlene Isoh
  • London, UK
44
Votes |
76
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Estimated Rehab cost Rochester NY

Charlene Isoh
  • London, UK
Posted

Hi guys i'm looking to do a buy and hold on this property:

http://imgur.com/a/d57HU

based off the pictures what  would you guys think would be an appropriate rehab cost?

(My basic observations : Looks like it needs a new roof, renovations to ceiling and kitchen cabinets)

Thanks in advance!

Most Popular Reply

User Stats

399
Posts
337
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Matthew Drouin
  • Developer
  • Rochester, NY
337
Votes |
399
Posts
Matthew Drouin
  • Developer
  • Rochester, NY
Replied

@Charlene Isoh

- Reroof $8000

- Paint Throughout including kitchen cabinets $2000

- redo floors (as needed) $2000

- appliances $1200

- new fixtures throughout - $1000

- +10% for contingency $1420

$15620 very ball park.  The place looks to be in good shape and you could probably rent it as is if you wanted to slum it up but you probably want the best tenants that you can get.

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