Average cost of rehabs

[Kody Ward]

Hi everyone. I am in the Saint Louis, MO market and am wondering if any of you have come up with an easier way of getting an estimated rehab cost on a house? I'm a painter so I have an idea about construction costs, ish, but I also know if I estimate rehab to be $10/sqft and it ends up being $15/sqft I'm losing out on a lot of money. I know the most accurate way would be to get a contractor into the house to give an estimate, I'm just wondering if anyone has found a somewhat accurate way to figure it out yourself?

[Dave Spooner]

Refinishing the floor will probably run around $4-5 per square foot although I've definitely seen lower (and higher) costs. A whole new HVAC system is a pretty big wild card if it's not a gutted house. I would suggest looking into mini-splits, but regardless, you probably need to bring a contractor in. Better yet, bring in a couple to get a variety of bids.

You'll have a more competitive offer and you can learn a bit more about the process. Just be sure to pick their brain as they walk you through.