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Updated over 3 years ago on . Most recent reply

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41
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10
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Cody Gagnon
  • Investor
  • Chattanooga, TN
10
Votes |
41
Posts

Estimating Rehab Costs by the sq ft ASAP

Cody Gagnon
  • Investor
  • Chattanooga, TN
Posted

Hello everyone! Finally made it to Chatt about 3 weeks ago. I have a lady that is willing to take an offer on her house and I am working on getting a ballpark number for repairs to submit my offer. 

Does anyone know the rough $/sqft amount for 3 types of rehabs? Light rehab, Heavy rehab, Full gut. I know this can fluctuate per area and do not want to use what it costs back in AZ. Any help is appreciated! 

Here is some information about the property if anyone can give a specific example for $/sq ft. 

1948  2bd 1ba 1152 sqft house. Is on the edge of flood zone. Needs new roof, siding either repaired or replaced, new electrical. A/C unit is old but working. Ducting cleaned out and repaired a couple years back. The inside of the house is actually nicely updated with new plumbing, floors, and bath updated due to plumbing leak a couple years ago. Inside needs a couple minor repairs and paint. Most repairs are external. 


Thanks guys!

Most Popular Reply

User Stats

384
Posts
330
Votes
Adrienne Green
  • Real Estate Consultant
  • Chattanooga, TN
330
Votes |
384
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Adrienne Green
  • Real Estate Consultant
  • Chattanooga, TN
Replied

I'd say it's easier to consider the specific tasks you want done, it sounds like new roof, siding, and electrical?  Based on the quotes I've seen, a new roof is $6,500-8,000 depending on how bad it is (if sheathing needs to be replaced, etc), and to run all new electrical can run $3-10k (huge range, I know, that's the highest and lowest I've seen).  I don't have enough experience with quotes on siding to weigh in on that.  

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