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Updated over 6 years ago,
Flood remeditation - rehab calculation.
There is a 1500 sqft house that is needing remediation work done. It flooded during Harvey and received about 18 inches of water. Not too bad, right? Many investors work with flooded homes. Thing is, this house was poorly remediated, they didn't cut high enough or even let all the furniture, belongs, etc. to air out. It has been about 8-9 months since Harvey. I am not experienced with flooded homes, so I don't know how much the rehab cost would be. Could someone inform me the formula to figure out the average for a rehab for a flooded home?
Thank you.