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Forums » Rehabbing and House Flipping » Gut Rehab Costs

Gut Rehab Costs

59 posts by 22 users

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· CA


I am just curious, what do you guys budget for a gut rehab on like a 1500 SqFt Single Family? I know it ranges, but I am interested in what the different costs are out there. When I mean gut, I mean, putting in new pipes, electric, walls, doors, everything. Even siding outside.



Real Estate Investor · Las Vegas, Nevada


It will vary based on costs in your area and how high or low end you are going. You could easily be looking at $25-50 per sq ft.

:cool:




If it is that extensive you should also get estimates based on just pushing it over with a bulldozer and starting from scratch at the foundation.



· CA


Nah, no need to bulldoze, there is still a lot of things that can be used, the structure, plus the brick. Basically at times I buy 4 walls and the inside has to be completely redone.

So, with that, I am curious as to what everyone on here budgets for that.



Real Estate Investor · Monroe, OH


I own the construction company that does my rehabs, so my costs are not normal for the average folk. I can gut and rebuild entirely for 18-25K depending on level of finish. Thats of course me saving 50% over what most people do on materials, and paying my guys directly instead of paying full priced contractors. Normally I would budget 40-50K if hiring alot of it out, but then I wouldn't be in business either.



· CA


I do watch my guys and act as a general contractor, though your numbers are a bit lower than mine. I budget 30-35 per property for rehab. What is a good resource for getting the materials?



Real Estate Investor · San Diego, California


you are going to spend 35 easy. Could go to 50 depending on exterior plan.



Real Estate Investor · San Diego, California


PS, my last post was in thousands. If you want to see what you can do for $50/ s.f. check my site and look for "the abandonded house" Complete gut down to the studs with a mid/high end finish out including all new mechanicals, roof, windows, exterior stucco and landscape. Good luck!



· CA


Just checked out your "abandoned house" project and it was spectacular. I love what you do with the wood floors. That finish is superb.



Real Estate Investor · San Diego, California


Thanks Fake Guy, those floors are a glue down engineered 5" plank. They are available at Lumber Liquidators for around 3.50/s.f.



· CA


I must say, you did a damn nice job there. I love those floors. What are some other good resources for hardware?



Real Estate Investor · San Diego, California


My trick is to get "the look" without spending "the money" ha ha. All the tile is porc, not real trav. Cabinets are the cheap stain em' yourself models from Lowes. All the hardware is from big box local stores. You can find cheaper online but if you have a problem... the vinyl windows and roman style interior prehung doors are from a builders supply house. Thanks again for the props buddy.



Real Estate Investor · Connecticut


I'de guestimate arund $75-80k. Any special reason your tearing the walls out?



SFR Investor · Carter Lake, Iowa


Can't say I'm really familiar with the labor costs in CA, but I would estimate around $20- $25/sq ft for a complete interior remodel. That is assuming an average to above-average finish level on materials (i.e. no granite, travertine, etc.).

This is based on my experience in my area, so adjustments may be warranted.



Real Estate Investor · Connecticut


$25 /sqft is only $37k. I doubt that would cover a gut rehab (incl. roof + siding).



SFR Investor · Wheat Ridge, Colorado


Owen did say that was for an interior. $25/sq.ft. for a full remodel seems in the right ball park. A full gut to the studs with total wiring, plumbing and sheetrock replacement would be a bit more. Maybe $35/sq.ft.

Easy enough to call a few siding companies and just as a per square foot price. Some with give you a song and dance about needing to actually see it, but with a few calls you should find someone who can give you a ballpark figure.


Jon Holdman, Flying Phoenix LLC


Real Estate Investor · Connecticut


$35 /sqft sounds better for the full job.



Real Estate Investor · Kern county,Tehachapi, Taft, Bakersfield, Cal City, California


What design level does it need to be so that you are competetive with the surounding homes? Where in California is this house?



Real Estate Consultant · Saint Paul, Minnesota


$35/ft for a 1500 sq ft house entire gut and rebuild would equal $52,500.. Thats probably using basic finishing. Not including exterior.



Real Estate Investor · Ellicott City, Maryland


Originally posted by Sunil Bawa:
$35/ft for a 1500 sq ft house entire gut and rebuild would equal $52,500.. Thats probably using basic finishing. Not including exterior.

Depends on the area, but where I am (Atlanta metro), $50K would get you a full rehab (interior/exterior) on a typical 1400-1600 sq ft home.

I use $35 sq ft for complete rehab, basic finishings...



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