Easy Formula to Estimate Repair Costs - Tennessee

[Benjamin Barredo]

I know I know. There's no simple way to estimate repairs but there has to be a simple formula to get in a ballpark so that one can make a quick offer.

I like the idea of square footage multiplied by a price.

Does anyone in Tennessee have a price - maybe a different price per renovation level (cosmetic with appliances interior, one with exterior, and then more complicated flips up to stripping down to the studs) - that can be multiplied against the square footage?

J Scott's book says he can use a number of $12 x sqft for a simple cosmetic job. Considering he's in GA I'm going to say that that's quite close to us here in Knoxville, TN.

Anyone?