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Updated over 8 years ago,
Wholesaler Estimating Repairs (in NY)
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.