Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago on . Most recent reply
Can anybody help to ballpark the costs to move a bathroom
I'm looking at a house that would need to add a master bath if it was to sell properly. So, I would need to move plumbing about 10 feet from existing plumbing for the washer/dryer (closest plumbing). It is a slab foundation, so I would assume it would need trenching (perhaps the water lines could run through the ceiling, but sewer would need to be in the floor).
I like everything else about the house, but had originally written it off because of the bathroom issue. However, the place has been on the market for about a year and I'm thinking there might be room for negotiation on price...
If you want the full story:
House is a 4/2 2,400 sf.
List price is $79,900
ARV is around $125,000 (conservative - could go for $150,000)
Roof and foundation are good. Needs an outside A/C unit and needs an electric meter (its an REO and it looks like the bank removed these, they do not look stolen - remaining lines seem too neat). Also, all carpet was removed inside (tile in kitchen still looks good).
Garage was converted and the conversion looks to have been well done.
I estimate that it would need all new flooring. The A/C and electric need work and probably a new water heater. Furnace looks old but could probably be repaired (I'd budget for replacement though). The kitchen needs new counters, fixtures and appliances and paint on the cabinets. Also, new lighting and doors throughout. Upstairs bathroom needs to be spruced up (not a total gut). Needs paint throughout as well.
The major concern is that the master bedroom is downstairs and the bath is the only bath downstairs so is shared with the house. I would want to use the existing bath (its small) as the guest bath and create a new bath in a portion of the converted garage (this shares a wall with the master) to create a master "suite".
I don't have my spreadsheet with me, but rough estimate I had $30,000 just for the necessary stuff (flooring, paint, A/C, etc.) and with the existing numbers, that will not work (much less leave room for the master bath) but if I can get a price reduction, the number might start to look better -- just need to know what costs would look like for the master bath.
Most Popular Reply

I would estimate that you would need to get this at approx. $59k as your rehab will cost you the $30k you estimated plus another $5k for the new master bath work for a total of $35k rehab. If the exit is $125k, then 75% of that is $93k less $35k rehab = max offer of $59k. I doubt the seller would take $20k off of $79k list price, but you never know.
Also, if you were to do such a project, you would want to make sure you do it with permits to get the added bathroom on title which will add some value and could get your exit value up to $135k or better making the added spread you need. I would warn that the non-permitted garage conversion could give you trouble with the city inspector so i would be very leary of doing this particular deal with the info you provided.