Cost per sq ft (SoCal)

[Carlos Castellanos]

For those of you So Cal Flippers/Rehabbers doing fix/flip in LA County, Riverside County, San Bernardino County, I had a friend give me the following numbers and wanted to hear feedback from others who are "in it" regularly.

For quick repair costs calculation on a “standard” rehab we use $22.00 per square foot. A “Standard” cosmetic rehab we include: All New Flooring (carpet and hard surface floors), Interior and Exterior paint, baseboards, electrical and plumbing fixtures, new kitchen and bathrooms (including cabinets, granite, appliances), blinds and window treatments, doors and a little bit of landscaping such as a flower bed or some plants. If the house needs a new roof we add $6000 and new HVAC add $5000. These are just guidelines for a quick analysis to determine if we should make an offer or spend time visiting the property before making an offer (when available). Last 10 deals we’ve done were “sight unseen!”.

What are your thoughts on the numbers above? TIA!