Repiping increase the value of the house?

[Ryan Johnston]

I'm in the middle of a house flip and I need your help BP!

I bought a house with galvanized pipes and I'm in the process of getting plumbing quotes. They are all telling me that I need a re-pipe from the city supply to my house. Completely abandon the old pipes. I'm getting quotes mostly around the $5k-$6k range and I'm wondering what to do. They're really pushing me to re-pipe everything but that's way over the plumbing budget. The water fixtures only Includes 2 sinks, toilet, & shower.

I was also thinking about doing some of the work myself but would an inspector chew me up on that? I also want to make sure my house is insurable under FHA standards since that's the market I'm targeting.

Last question is, does spending $6k on a total re-pipe recoup some costs on the sell side of things? What's the ROI look like?

Thank you everyone!

[Larry Turowski]

@Ryan Johnston The new plumbing won't really increase value.  People expect everything to be in good working order when they buy and don't give a premium for improvements to the mechanics.  It may make the house easier to sell, though.  It'll inpsire confidence in the builder that you did things right.

You'll need a permit for the line to the city water.  Internally, depending on your municipality, you may or may not need a permit.