Estimating rehab cost

[Jordan Futch]

Hi folks and happy holidays to everyone. I'm running numbers on deals for the purchase of my first investment property and I have most everything down, but when it comes to the rehab budget, I feel like I'm shooting in the dark. For those of you that have experience with rehabs, how do you go about estimating the cost you'll putting into your rehab budget before you make the purchase. I'd like to be able to get general contractor bids on the scope of work before hand to run accurate numbers but I'm not sure if that's the correct process. Thanks in advance!