Improving CapEx Estimates SFH (Consultant) Kansas City

[William S.]

Hi All,

As a new investor I am looking to improve my deal analysis, specifically CapEx. I have gone through various forum posts on methods, but am specifically interested in hiring a consultant/contractor to go through one of my current rentals and provide an estimate. This would cover replacement cost and life expectancy. Has anyone hired someone to do this? This is specifically for an out of state property located in Kansas City. This would provide me a more exact blue print to use on analyzing the next property. This knowledge could make a difference between an mediocre deal to a great deal for my next purchase. I'd like to compare their results to what my estimates were.

Thanks!

[Kevin Kite]

It really depends on a lot. The age of the home, the age of the appliances, roof condition, type of siding, home size, etc

I've heard 10-20% of rents depending on the condition and age of the property but you really have to consider other things like how big the home is. Larger homes cost more to maintain (more carpet, more paint, etc)