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Updated about 10 years ago on . Most recent reply

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17
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Sean Broughton
  • Philadelphia, PA
0
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17
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Repair estimates?

Sean Broughton
  • Philadelphia, PA
Posted

Hey guys, I’m checking out a property later. This should be interesting
lol. Can anyone tell me the absolute best way to get an accurate repair
estimate on a property using the little or no cash? Thanks in advance BP.

Most Popular Reply

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81
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20
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Rob Powell
  • Real Estate Investor
  • Oklahoma City, OK
20
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81
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Rob Powell
  • Real Estate Investor
  • Oklahoma City, OK
Replied

Here is a simple rule of thumb I picked up from a youtube video. It has served me well so far.

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.
Hope this helps. Good Luck!

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