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Updated over 8 years ago,
Repair estimates through Contractor
I've been working on wholesaling for the past couple of months and have closed 2 deals so far. My 3rd will be closing next week and I contracted another deal yesterday. Up to this point, I have been doing my own repair estimates based off what I have learned through reading and videos explaining how to get a quick idea of the costs. However, I am wanting to be more precise with rehab costs when bringing deals to buyers by bringing a contractor in to check out the property and give me their estimates for the repair/rehab costs. My goal is to make the decision as easy as possible for a buyer, so they can just look at the contractors estimates and all the numbers to decide if it's for them or not.
When I have a contractor walk through the property to give me an estimate, will I essentially have them tell me the mandatory repairs and cost (i.e. roof, foundation, etc.)? Would it also be good to have minor cosmetic repairs priced (paint, bed/bath/kitchen update, etc.)?
Any advice would be greatly appreciated. Thank you!