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Updated over 8 years ago,

Account Closed
  • Bronx, NY
0
Votes |
16
Posts

Wholesaler Estimating Repairs (in NY)

Account Closed
  • Bronx, NY
Posted

Good Day BP Family,

Before I start making calls, I would like to know if the numbers below are good ballpark figures for "guess-timating" repairs on a wholesale deal. I know situations are circumstantial but I want to make quick & accurate estimates to package great deals for my buyers. Any suggestions? Should I consult with contractors on my first few deals to see repair market price? 

(i found this scrapping the BP forums)

Exterior paint : $2.00 per finished sqft

Interior paint : $1.30 per finished sqft

Windows and Doors : $300 each

Kitchen : $2500 for 10' cabinets and sink

Bathroom : $2500

Flooring : $2.50 per finished sqft ( does not matter Carpet,hardwood or laminate)

Electrical Panel : $1500

Water Heater : $500

Furnace : $3500

AC : $1500

Add up all the major items and then add 25% to the sum to account for miscellaneous expenses.

This should give you a good estimate of repairs.

If the entire inside of a house needs to be renovated just factor $15-$20 per sqft. 

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