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Updated about 3 years ago on . Most recent reply

User Stats

26
Posts
6
Votes
Timothy C.
  • Investor
  • Chicago Suburbs, IL
6
Votes |
26
Posts

Estimating cost of interior apartment build out

Timothy C.
  • Investor
  • Chicago Suburbs, IL
Posted

Working the numbers on a potential deal. If I can rent both levels it works, but only the upper level has a rent-ready apartment.

The bottom is 95% open space (think large chapel).  If I want to convert this sizeable space into 1 or 2 apartments, is there a tool or rule-of-thumb to use to estimate the costs of this project? Maybe based on square footage?

I suppose getting a contractor on-site is the most responsible route for due dilligence, just don't want to waste time for everyone involved if this is fantasy land.

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