Hi all!
I’m hoping someone could provide some insights on rehab costs in the Philly area. I have two rentals, and did a simple flip recently. We’ve always done majority of the work at the houses ourselves, and now looking to hire out the work on a property that I’ve purchased recently. I am getting overwhelmed with trying to figure out how much to budget per sq ft to rehab the house. I had a GC come out today to give me an estimate (still trying to find 2 more GCs to go look at the house). Based on my research, his quote of 150k seems way too high for a full rehab of a 900 sq ft house in South Philly (Pointe Breeze).
Can anyone from the Philadelphia area tell me what it has costing on average for a full rehab per square in the South Philly area? Also, I would love GC recommendations as well!
Please note that the estimate that I received includes adding a powder room to the house, and reconfiguring the main bathroom. HVAC will need to be added.
Thanks for your help in advance!
