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Updated over 11 years ago on . Most recent reply

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390
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Derek T.
  • Real Estate Investor
  • Prince Geroge's County, MD
104
Votes |
390
Posts

Estimating Rehab Costs in MD

Derek T.
  • Real Estate Investor
  • Prince Geroge's County, MD
Posted

I am trying to finalize my repair estimator which includes labor costs and material costs for renovation work done in the DC area. J Scott, I hope you don't mind but, basically I took your table and altered it a bit to fit my needs and used data I researched in my area. I figured there was no reason to reinvent the wheel. Can you all look over it and let me know if this looks about right and if I am forgetting any major items (for instance insulation just came to mind). I created a google doc with it.....the link is down below. Also I made a quick rehab reference that is more of a summary for quick rehab numbers for offers. Let me know if you think that is fairly accurate/inaccurate as well. Thanks.

https://docs.google.com/open?id=0B8ntnkVznGa4ZDlzMk1tQ1ZFcTg

Most Popular Reply

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16,434
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Ned Carey
  • Investor
  • Baltimore, MD
12,724
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16,434
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

You do not have much to worry about in a rehab to homeowner deal. However for rentals you must register with the MDE and get a lead certificate. The lead certificate Does not require removing the lead, only the the home is "lead Safe." There is a lot to know about this issue and the MDE website is a good place to start.

None of this applies to homes built after 1978 as lead was outlawed for residential homes.

  • Ned Carey
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