Construction Estimates in the Baltimore Area

[Account Closed]

I was wondering if any Bigger Pockets members would be willing to share any construction estimates they have received in the past in the Baltimore Area? I figured any construction estimates from the last two years in the Baltimore area would still be helpful. I thought this would be a helpful way to help newbie investors analyze deals who aren't familiar with construction cost estimating, and help current investors make sure they are getting competitive prices. For any who shares an estimate they could black out any personal information or even the contractors name if they felt that was appropriate. 

I'm one of the new investors who feels a little uncomfortable with construction estimating! So I would be very grateful to any seasoned investors who are willing to share!

Thanks!

[Eric Masi]

Several contractors I've talked to have told me to estimate $75 - $85 per sq ft for a complete gut and rehab. That covers pretty much everything from the studs up including the markup on labor / materials. Moral of the story is that you pay out the nose to pass the work off to someone else who has all the connections and know-how. I'm sure some people have good working relationships with contracts and know guys that'll do it for a fraction of that and if you do the legwork / grunt work yourself you'll save money yadda, yadda, yadda. But if you're new and think your deal will need that kind of work done I don't think it hurts to use those more conservative numbers.