When I'm doing a nicer rehab, I'll spend about 50% more on kitchen, bath and flooring.Roof, gutters, downspouts: $6kRedo bath: $3k (each)Redo kitchen: $2500 (laminate countertop, replace cabinet pulls, paint cabinets, new faucet/sinkFlooring: $3/sfSiding: $3kInterior Paint: $2kExterior paint: $2kFans, electrical outlets, switches and lights: $950Windows: $400 eachAppliances: $2kHVAC: $3kwater heater: $800Mini blinds: $300Misc: 15% of budgeted rehabSoft costs: (cost of utilities, taxes, insurance, finance fees if any of the money is borrowed) plan on 3 months more than you expect to hold the propertyDon't forget the cost of selling, which will cost you around 10% of the sale price.People don’t want to do any repairs, and they want the house to be nice, clean, move-in ready and not old looking on the inside.

That adhesive called muslcebound (Lowes) is the best thing ever invented for updating a kitchen backsplash.Those snappy trap drain kits (smooth inside) work, seem to hold up, are quick to install, and they don't leak.We use ALL the time the ryobi wood/metal door lock kit, the latch installation kit, the hinge kit.

One thing my broker brought up is that this may be considered a conflict of interest when it comes to the statement of identity that would have to be signed.The rehab budget is only going to be about $20-30k (walkthroughs for estimates next week) and I will be using subs for most of the work with the exception of some big ticket items like cabinet install and kitchen/bath tiling.

I've opted to knock down a wall that divides one of the bdrms from the kitchen (in Unit B) to give it some living space (odd not having any living area).  

It's a duplex we're house hacking and the kitchen has a water heater out on the open.

That is the only time in my career that I've used ratios.To provide some additional examples which may provide insight into why this is a questionable practice in my opinion:- I recently purchased a $300 kitchen faucet for less than $100 (it was the last remaining one on the shelf and so was on clearance (the model, although a top rated product in this price point had been discontinued by the manufacturer - although more likely just the model "number" was discontinued, but that's another topic altogether).  

When the high end motels have 10-12 cars, I should have another 4 to 5 houses rented.Cheap motel is $350/week for a room with 2 beds.High end motel is $600/week for a room with 2 beds and breakfast, pool, gym, etc.I charge $400/week for a house with 2 beds, washer/dryer, kitchen with all appliances, cable/wifi, plus all consumable supplies.

The kitchen got the most attention with an LVL to open to the living room, we also added wood-grain tile, white shaker cabinets, stainless appliances, granite, and a mosaic back splash.

I got my whole kitchen and bath there on my Lowe's credit card, no interest for 18 months. 

Hi all,I am currently working on a two family house in the riverdale part of the bronx, I went the route of converting the property to a 3 family house but am now wondering if it was worth it.Scenario 1:The house is a two family house where the 1st and 2nd floor are part of 1 unit and the 3rd fl is the second unit.The 1st floor has a garage, living room .5 bath and kitchen (400 sf)The 2nd floor has 3 br and a living room 1.5 bath (900 sf)The 3rd floor is a 2 br 1.5 bath (1000sf)The house was not in a move in condition but if I made some minor design changes and renovated the place I could have updated the house, kept the layout for the 1st fl the same and made the 2nd floor a 4 br 2 bath.