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 about 13 years ago,
Rehab Question - What to offer & how much to fix?
I have found a 2 Unit / 2 story 3,000 sf - probate property that needs major rehab..The seller is asking 85,000 - NEED INFO ASAP to make offer!!!
I am trying to figure on costs of rehab as well as what to offer on home - ( I would reside in Home there after as owner occupant ) it needs the following from what i can see.. x2 for two floors/ apts
- 43 replacement windows
- 43 Square of Roof
- a Rather Large Tree Limbs Hanging over roof cut
- 4 Exterior Doors with storm doors
- 6 Exterior doors with no storm doors
- Raise Porch Rails to code ( another ft or so ) Porch in front is 50 ft & rear Porches 30 ft
- Fix Front wooden stairs @ 5-6 ft wide
- Fix Water entering basement thru Bull Ked ( add a drain or pour concrete )
- Pour Concrete in Three car garage floor ( is dirt now )
- Needs Heating & Hot water, and baseboard heat up two floors ( two new furnaces and FHW baseboard brought up two stories )
- Electrical service upgrade from 60 amps old knob and tub to breakers and also bring up two floors adding new elec service in whole building adding plugs in all rooms plus washer and dryer hookups - 2 Panels, and move it to outside from basement..
- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen
- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk
- Linoleum in pantry 4x8
- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor
- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint
2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x2
2- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings
2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )
2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint
6 Bedrooms Fix Drywall, paint walls and ceilings
2 Bathrooms install bathtub wall panels
2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys
2- Install Dishwashers including pipe, drains and elec in two pantries
2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops
2 Install washer and dryer hookups after bringing power to location
Approx 150-200 ft of Asbestos removal in basement
also what is the lead time to do all this..?
Please help with Estimate of Price to acomplish all this..?
The house in this market would be 135-140k - what would you offer as residence or two rent and hold..
How did you arrive at this..? Thanks to all in advance..