Cost of Construction psqft in Philly

[Jason Homa]

I am trying to get a sense of the cost of rehabbing homes/construction in Philadelphia for a light rehab, mid rehab, to full gut renovation/shell on a price per square foot basis. Any input is appreciated. 

Also, looking for great contractor recommendations in the area.

Thanks

[Andresa Guidelli]

@Jason Homa

Great question. I have experience in full gut and new construction only so here are my thoughts:

1. Your finishes (due to ARV) will influence directly your cost, so the full gut price in upcoming areas will be lower if compared to a similar place located in a more "established" neighborhood.

2. Due to so many variances I don't calculate rehabs based on sqft. My average rehab cost for a 2/2/1 with finished basement, around 1,200 sqft is close to $100k (finishes are in the middle) when ARV is in btw $375k and $425k.

3. Price per sqft on new construction varies from $105 to $135.  I leverage time/supplies when building multiple at the same time. 

I hope it helps.

Andresa