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Updated about 5 years ago,
estimating rehab cost long distance
I currently live in NYC and am looking to invest in and around Indianapolis IN. I am looking at properties with moderate to heavy rehab in the hopes of forcing appreciation. I am using the calculators every day and analyzing properties, but when it comes to rehab amounts I feel foolish punching in wild guesses. I do not have "boots on the ground". I currently use a basic table I'll include below as it might help others, but what am I missing?
under 1500 sq ft 1500-2500 sq ft 2500-3500 sq ft
Light Rehab 10k 15k 25k
Moderate Rehab 25k 35k 45k
Heavy Rehab 50k 75k 90k