joel Owens does your rehab ranges include just unit interiors or do they factor in some form of rehab to the exteriors of the units?

Another update.I backed out of the deal.As soon as FNMA accepted by offer, I had to commit to EMD and sign their REO addendum.They asked for a 90 day deed restriction, which I was OK with.The property is probably worth 165K when it's rent ready, but right now it's not.My accepted offer was 131K, with an estimated 20K to correct the violations - well the violations I know of - illegal fence, illegal staircase, illegal pond, two illegal exterior structures (gazebo style steam room and weight room), and illegal driveway and decking, plus some interior violations on a master bathroom plumbing.Oh, and a 345K city lien from years of daily fine.So when the clock started ticking I began to do my "thorough due diligence".Had my attorney reviewed the contract and looked into the lien issue.Now, the city, as a matter of policy, WILL reduce the lien down by 90% once the new owner makes the corrections and clear all the violations.

That being said, I have a couple questions regarding the exit strategy for my personal residence.1) Is it more beneficial to complete all the work, minor and major (IE: Windows, doors, trim, interior lighting, etc.) and try to sell for top value while obviously putting a bunch of money into it?

Unit turn costs typically include the unit interior cleaning, painting and carpet cleaning/replacement.

All the competition was doing all new surfaces and fixtures, interior and exterior?

I think part of it comes from people not knowing what renovation work really costs, they see the prices at Home Depot on stuff and think, "oh they repainted the place and a gallon of paint is less than $20 (the cheap paint, not the paint I buy) I bet that cost them $1000 at most to repaint the interior!"

Are you rehabbers migrating towards a grayer beige for interiors?

It is a rehab in process, exterior paint scraped, interior, new electrical, new plumbing, new sub floor & drywall hung, no tape..

So I build historic exteriors with all the details but interiors with the things modern builders want.I have flipped a lot of homes as well and when you buy a property to flip you never know what you are going to uncover or run into as far as issues.

We got a quote to paint the whole house while we were thinking about flipping it -- interior paint, trim, scraping, retexturing, and painting the popcorn ceilings, and exterior painting, for about $3,500.