BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago on . Most recent reply
Rehab costs Philly area
Can anyone from the Philadelphia area tell me what it has costing on average for a cosmetic rehab or full rehab per square foot? Hard to get a good feel with inflation! Thank you!
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@Dan Sager
Here’s what I’ve been hearing for your standard 900-1200 SF row home here in Philly
Guts assuming no structural, no digging, finishing basement, HVAC, hardwoods, island or wrap around bar counter space, quartz/granite, recess lighting on first floor, add a full bathroom in the basement:
For B class (ex: west Germantown/mt. Airy, south philly, brewerytown): 100-120k ($100-120/sf KINDA)
C Class (ex: East Germantown, olney, most of Cobbs/Kingsessing outside of what is right by baltimore and over the tracks from squirrel hill) 90-110k depending on condition
Cosmetic jobs take the bottom value and maybe put a new range 20k lower. I’m assuming by cosmetic you mean that you are not ripping out walls so you have duct work where you add a condenser, decent electric, Sheetrock or plaster in good shape, plumbing you can keep.