Help a noob estimate his first big project

[Diogo Miranda]

Hi,

I purchased 5 houses before this one, but they all needed very little work.

This property is about, 1800 sq divided into 2 levels
The top level has been destroyed by fire. I need to rebuild that.
I will have 3 bedrooms and 2 baths.
Everything can be
Let me know if I miss anything
Framing
Electrical
Siding
Plumbing
A/C ducts
Drywall
Roof
Sub floor ( top of the downstairs a bit )
Floors
Fixtures doors, sinks. etc.

My budget is 30k. I think that this is a bit high. My magical number would be 20k, and worst case 40k

House cost 39k. I am putting 2 down and 500 a month for 1 year. 7 year loan at 5%, but I need to sell or refinance in 1 year.
ARV is 120k. The location is very, very good.

Any input about the fire damage is helpful too.

TIA

[Peter Giardini]

Tia,

Based on the information provided I don't see how this work can be completed for your $30K estimate.

If the second floor is burned out... you may be faced with replacing all of the rafters and roof, certainly all of the wiring throughout the house, most of the plumbing depending where the bath is on the second floor... plus all of the drywall from the smoke/water damage in the rest of the house.

I have some experience in fire damaged properties... and I can tell you that when I did my first one which I didn't think was that bad... my estimate of $23K was off by 130 percent.

I just don't see you getting this done for $30K unless you are qualified to do all of the work yourself... and even then I;m not sure it could be done.

Regardless...

Best of Luck.