2 family side by side help.

[Anthony Landestoy]

Looking to close on a 2 family Side by side.

Need constructive and informative ideas and renovations and ideas to lower the remodeling price

House info:

2800sq ft

3 bedrooms 1bath (each)

Purchasing the house out of foreclosure

House needs ALOT! Of work.

New roof leaking

New plumbing- domestic plumbing busted over the winter

New/updated electrical

Hardwood floors are buckled,worn and un-salvageable

Some/most walls- plaster cracking and chipping

New front porch and 2 rear porches

House needs new siding

Almost every estimate I’ve gotten is 180-200k

4-6 verbal

Here are the numbers.

Purchase price 137k

Renovation 200k

6 Comps 280-399. (Last six moths/with-in a mile)

Trying to get a budget to 150-170 full remodel

203k loan financing so can’t really DIY or Hire off books-

Location

Orange County NY