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Updated over 8 years ago on . Most recent reply

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51
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Zach Ziskin
  • Investor
  • Fort Lauderdale, FL
2
Votes |
51
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Looking for expert estimate/feedback on this property

Zach Ziskin
  • Investor
  • Fort Lauderdale, FL
Posted

I'm looking at a property that I think might be a good deal as a rental, hopefully a BRRR property, but it all depends on what the rehab costs are going to be and this will be my first true rehab, so I'm a bit gun shy about assuming how much it will be. The photos of the interior/exterior are here:

http://imgur.com/a/gshA8

Assuming an inspection turns up no major structural/electrical/plumbing issues, from an eyeball standpoint, what would some of you ballpark the rehab on this property at based on the photos? Thanks in advance for any replies.

Most Popular Reply

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2,131
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693
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Kuba F.
  • Real Estate Investor
  • Los Angeles, CA
693
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2,131
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Kuba F.
  • Real Estate Investor
  • Los Angeles, CA
Replied

Just messing around with the pictures, and looking at the place next door as a guide I roughly ended up with 29K on basically paint, floors, bathrooms, and kitchen, but I could easily see it going up and beyond 40K.  How much of the floor are you replacing? What quality? Replacing tile or keeping as is? Are you replacing any windows?  What shape is the porch in?  How's the sewer line?  How's the A/C?  Refacing cabinets or getting new ones?  All things to consider that will vary what you end up with.  I suggest you really look at and prioritize what you want done because your budget will never satisfy your wish list.  Then get at least 3 contractor bids, because different contractors will give you a pretty wide spectrum of bids.  

  • Kuba F.
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