Updated over 4 years ago on . Most recent reply
Estimating rehab costs
Hello all!
What is everyone using in terms of cost/sq ft. in determining their rehab costs when putting together their numbers on a deal for light, medium and heavy rehabs on houses in the 1000 sq ft range?
Most Popular Reply
@Joe Lijoi
It is very risky to go about it by cost per square foot especially being newer. Estimating rehab costs is a learned skill that will come with practice. You are better off getting in touch with either a contractor or someone that is knowledgeable on rehabs to get an idea of costs or read the book on estimating rehab costs by J Scott.
I have heard of too many rookies get screwed over by that form of estimating.