BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago, 03/31/2022
Rehab Estimation Mobile Apps or Websites?
Hi everyone! I'm a new (brand new, no properties YET) real estate investor in the NE Houston area... Humble, Kingwood, Atascocita, Huffman, Crosby, etc. I've been feeding myself through a fire hose the last few months on real estate investment, mainly the BRRRR method. One issue I keep running into as I practice running analyses on the calculators is estimating rehab costs based on photos of properties I find on Zillow, Redfin, HAR, etc. Are there any accurate and/or "legit" mobile apps available that I could use to plug in things like "drywall 700 sqft" or "roof on a 1500 sqft home" or something like that? Or maybe hidden-gem websites that could shed some light on this? I've found a couple sites that will break down costs based on "national estimates", but when it says "average kitchen remodel is $4,000 - $18,000" that really doesn't help much.
The only other thing I can think of is dragging a contractor out to these locations each time a house strikes my fancy, but that seems counter-productive since 99% of houses aren't going to be investor-friendly deals. Eventually I hope to gain enough experience to look at the images and guesstimate the rehab costs, but I'm not there yet.
Thanks!
Brad Turner