Renovation costs per square foot

[Marcos Flores]

For those of you doing major renovations either to flip or for rentals here in middle Tennessee I’m curious what your renovation costs are coming out to per square foot. 

I did one in 2019 that came out to $73/sq ft but I just finished another one and it was $100/sq ft. These are total gut jobs inside and out. I do some of the work myself and contract out the big stuff. 

I’m just reviewing my process and trying to figure out where I can improve. 

[Tim Davis]

If you did a full gut for 74/sf you're doing great. As a rule of thumb, I always figure at least $100/sf for a full gut.