Utah Contractors and Flippers

[Jake Clarkson]

Utah Residential Contractors and Flippers:

I’m a new wholesaler here in Utah and was wondering what the general cost of repairs on a property tend to be so that I can accurately estimate what my asking price should be. Any other help would be appreciated.

[Caleb Rigby]

Hey @Jake Clarkson, I'll post my numbers and then you can adjust them as needed. I mostly flip in Ogden, and we're doing rehabs for about $25-$35k, on average. This turns out to be about $13 per sq ft for light rehabs, $16-17 per sq ft for medium, and then about $20-25 per sq ft for the hairier projects, which I tend to not like as much. 

So for a 1,500 sq ft rambler that isn't in horrible shape, I'd budget ~$25k for a medium rehab. *One note though - you'll have to add extra money if you have roof replacements, expensive HVAC work, or significant foundation work. 

Hope this helps. Good luck.