REHAB BUDGET and SCOPE OF WORK : $90K ( built into loan) $30K for each Gutted unit$5K per existing unit x6 = $30K TOTAL Spend was $100K $4500 for Foundation issues, landscaping, etc 2 gutted units: new electric- 200 amp upgrade Blown insulation for attic ( r38)new sub floorNew insulation throughout New sheet rock ( 5/8 fire wall for exterior living room walls, kitchen and in stair well) New 6 panel doors throughout with all new satin nickel hardware New 6 panel Steel Front and Rear Entry Doors New plumbingNew HVAC system( all electric got rid of gas) New ThermostatNew lights New Hot water heater New kitchen layout ( removed half wall to open up to living room, built alcove for fridge to increase floor plan) New white shaker cabinets with hardware, countertops , fridge, stove, range hoodNew LVP throughout New Carpet in bedroomsNew bathrooms ( vanity, tub, enamel over steel tubs, tiled surround, vent fans, vanity lights, faucets, low flow toilets, shower heads, and actuators) Added 1 new window in each kitchenOther units: ( completed in 409 B and 407 D ) other units will be rehabbed once tenants move out New LVP in LR, BR, Kitchen and hallwayNew Carpet in BedroomsNew six panel doors/ hardwareGlazed existing tub/tileNew shower hardware Low flow water options ( toilets, shower heads, actuators throughout) New water heaters ( 407 D) Replaced AC 409 A ( it was 28 years old) New Fridge 409ANew Fridge 407CNew Stove 407 A Painted stairwells ( versatile grey) had attractive/durable commercial grade carpet installed on stairsInstalled new lights in stair well and motion sensors in 409 Installed Motion Sensor Flood lights on all the cornersInstalled Video Cameras on problem areasHad Duke Energy replace old lights with brighter LED on two poles Installed keypad entrance for both exterior stairwell entrances Cleaned/ repaired other AC units Fixed any issues with plumbing as neededFixed any issues with existing water heaters Installed new black shutters on both building Implemented quarterly Pest Protection Installed raised landscaped beds for 407 ( parking lot facing) Installed new Numbers for both buildingsPainted all exterior doors black installed new hardwarePainted central mailbox black We are still actively repositioning this property and will have another two tenants moving out end of this month ( September) but the property has generated enough profit from the other units at the increased rental rate that the business will be paying for these upcoming turns.

REHAB BUDGET and SCOPE OF WORK : $90K ( built into loan) $30K for each Gutted unit$5K per existing unit x6 = $30K TOTAL Spend was $100K $4500 for Foundation issues, landscaping, etc 2 gutted units: new electric- 200 amp upgrade Blown insulation for attic ( r38)new sub floorNew insulation throughout New sheet rock ( 5/8 fire wall for exterior living room walls, kitchen and in stair well) New 6 panel doors throughout with all new satin nickel hardware New 6 panel Steel Front and Rear Entry Doors New plumbingNew HVAC system( all electric got rid of gas) New ThermostatNew lights New Hot water heater New kitchen layout ( removed half wall to open up to living room, built alcove for fridge to increase floor plan) New white shaker cabinets with hardware, countertops , fridge, stove, range hoodNew LVP throughout New Carpet in bedroomsNew bathrooms ( vanity, tub, enamel over steel tubs, tiled surround, vent fans, vanity lights, faucets, low flow toilets, shower heads, and actuators) Added 1 new window in each kitchenOther units: ( completed in 409 B and 407 D ) other units will be rehabbed once tenants move out New LVP in LR, BR, Kitchen and hallwayNew Carpet in BedroomsNew six panel doors/ hardwareGlazed existing tub/tileNew shower hardware Low flow water options ( toilets, shower heads, actuators throughout) New water heaters ( 407 D) Replaced AC 409 A ( it was 28 years old) New Fridge 409ANew Fridge 407CNew Stove 407 A Painted stairwells ( versatile grey) had attractive/durable commercial grade carpet installed on stairsInstalled new lights in stair well and motion sensors in 409 Installed Motion Sensor Flood lights on all the cornersInstalled Video Cameras on problem areasHad Duke Energy replace old lights with brighter LED on two poles Installed keypad entrance for both exterior stairwell entrances Cleaned/ repaired other AC units Fixed any issues with plumbing as neededFixed any issues with existing water heaters Installed new black shutters on both building Implemented quarterly Pest Protection Installed raised landscaped beds for 407 ( parking lot facing) Installed new Numbers for both buildingsPainted all exterior doors black installed new hardwarePainted central mailbox black We are still actively repositioning this property and will have another two tenants moving out end of this month ( September) but the property has generated enough profit from the other units at the increased rental rate that the business will be paying for these upcoming turns.

So the buyer accepted older windows and an old furnace and bought it anyway because I had stainless steel appliances, new floors and paint, granite counters, new cabinets, etc..

Kitchen cabinets destroyed etc, etc.....After all remediation completed and labor costs the total came to $20500....So far insurance is covering but have not received complete estimate yet. 

Generally, when you rehab to rent you spend less than rehab to flip because you don't need to do all new kitchen cabinets, appliances, new fixtures etc. 

Then bathroom tile and finish plumbing (or top out).Finally comes your finishes, messiest to cleanest - paint first, then cabinet set, flooring, finish carpentry (doors and trim), final electrical and hvac.

I took the dive and made the offer at $365k because I didn't want it to slip away - the seller had it originally at $385k but there were no takers until he dropped it to our price.We got the keys on 9/25 and have been feverishly doing renovations to the basement unit to make it more livable and we have reached a good stopping point after tearing our the carpet and installing vinyl laminate planks, taking out the cabinets and putting in Ikea ones with butcher block counter tops, and finishing with base board and quarter round molding.

Wipe out the cabinets?

Apparently, it's almost impossible to find. Either that, or my googling skillz need moar learning. Looking to spruce up me kitchen and upgrade some doors to glass. I was able to find some online places that will sell ...

Install Cabinets for kitchen (approx. 12 cabinets uppers and lowers)Install 1300 sqft of LVP flooringQuote- He is quoting $12,000 Labor and $9,000 Material.