Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

17
Posts
0
Votes
Sean Broughton
  • Philadelphia, PA
0
Votes |
17
Posts

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

User Stats

81
Posts
20
Votes
Rob Powell
  • Real Estate Investor
  • Oklahoma City, OK
20
Votes |
81
Posts
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!

Loading replies...