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Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Ryan Sasscer
  • Leesville, LA
1
Votes |
17
Posts

Are these prices resonable or are they a rip-off?

Ryan Sasscer
  • Leesville, LA
Posted

I have fixer upper under contract with a $30,000 budget to rehab the property with my own cash.  I am scheduled to close in about 30 days, and am now in the process of getting cost estimates for the scope of work from general contractors.  Below is an estimate I received.

  1. Demo existing flooring throughout residence and install new laminate flooring. ($3,800.00)
  2. Remove siding on exterior of house up to 4 runs high and reinstall new cement board siding. Address bad siding above garage area on half gable wall as well. ($1,500.00)
  3. Clean walls and ceiling with TSP to remove some of the odors. ($1,200.00)
  4. Repair and or replace 4 window sills due to rot. ($900.00)
  5. Repaint walls and ceilings. ($3,500.00)
  6. Repaint kitchen cabinets. ($1,800.00)
  7. Install new cabinethardware. ($400.00)
  8. Incorporate more countertop space, approximately 3 to 4’. ($800.00)
  9. Install new laminate kitchen countertops. ($900.00)
  10. Re-pipe fireplace lp line to run overhead in attic. ($850.00)
  11. New plumbing fixture allowances. ($400.00)
  12. New ceiling fixture allowances. ($400.00)
  13. New kitchen sink and faucet. ($300.00)
  14. Re-screen damaged area on back porch only. Minor wood repairs and repaint. ($850.00)
  15. Install 2 roof turbines for attic ventilation. ($800.00)
  16. Created an additional bedroom by dividing and building a wall in current bedroom. Need to install door opening and window opening for egress/entry. Separated lighting and install separate light switches, et. ($4,900.00)
  17. Relocate vanity to inside guest bath and configure area to a closet for new bedroom. ($3,500.00)
  18. Attempt to locate existing plumbing leak in house. Location is unknown at the present time. ($800.00)
  19. Haul of all construction debris to certified landfill. ($250.00)
  20. If mold or fungus is found in walls or ceiling we will remediate area. Cost will be additional.

This is my first time hiring a general contractor, so I do not yet have a good feel for recognizing a reasonable cost verses a rip-off. I would love to get some feed back from those with experience working with general contractors on complete house rehabs.  The house this estimate is for is 1,280 sqft.  It is currently a 2 bed, 2 bath, but has enough square footage to convert it into a 3 bed, 2 bath.  Thank you for the feedback.

Most Popular Reply

User Stats

87
Posts
55
Votes
Jim Y.
  • Real Estate Investor
  • Tacoma, WA
55
Votes |
87
Posts
Jim Y.
  • Real Estate Investor
  • Tacoma, WA
Replied

Marian Smith
You missed the point where he said he got this bid from a GC.

If you want to spend many hours searching for (most likely uninsured and not bonded) laborers for piecemeal work, going to supply houses for all materials, and handling many payments, you could probably shave off a few bucks.

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