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Forums » Real Estate Deal Analysis and Advice » what is the best ways to estimate repairs

what is the best ways to estimate repairs Subscribe to what is the best ways to estimate repairs

9 posts by 6 users

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Rod Coleman

Real Estate Investor · Chester, VA


Forum_avatar_avatar-keepitmovin

Icon_minipost Sep 27 '07, 09:19 AM

hello all its a short question but i know u guys have pleanty answer so please feel free to drop your post i would love to hear your thoughts?

Edited: 06/26/2010 at 04:02AM



This post has been hidden.


Tom C

Real Estate Investor · Ohio


Forum_avatar_avatar-tc

Icon_minipost Sep 27 '07, 10:41 PM

If you are doing the work yourself, go spend a day at Home Depot or Lowes looking over the material price. Take each dept and add write down the cost of things that you would replace during a typical rehab.

Edited: 06/26/2010 at 04:02AM


Adam Anderson

General Contractor · Dallas/Ft. Worth, Texas


Forum_avatar_avatar-adamt

Icon_minipost Sep 27 '07, 11:05 PM

If you are doing the work yourself and you have never done it before take what you think it will cost and triple it.

Edited: 06/26/2010 at 04:02AM


Bryan .

· PA


Forum_avatar_avatar-ibmally

Icon_minipost Sep 29 '07, 09:53 AM

I have a good contrator who was willing to go through a house with me that I was bidding on. It needed a ton of work and he priced out everything for me (I owe him dinner since my bid was not accepted). It gave me a good feel for the typical stuff and many of the unusualy items as well. Price will vary based on quality of materials such as different grades of windows, etc.

Edited: 06/26/2010 at 04:03AM


Rod Coleman

Real Estate Investor · Chester, VA


Forum_avatar_avatar-keepitmovin

Icon_minipost Jul 26 '08, 10:38 AM

the latest info i was told was that if its a good house multiply the square footage by 10 dollars
if its bad multiply by 20 dollars per square foot
and 25 if its ugly
to get the reproduction cost. i personally think the guy was trying to screw my math up to keep me under him, he is supposed to be my mentor but when i ask him things like this he acts a Lil funny that's why I'm fishing and looking to learn enough to break away.
what do u guys think

Edited: 06/26/2010 at 05:34AM


Northshore Beachbum

Property Manager · Honolulu, HI


Forum_avatar_avatar-beachbum

Icon_minipost Jul 26 '08, 02:26 PM

Well, if you know what you are looking at, it's hard to beat
http://www.contractor-books.com/CR/CD_Estimator_Intro.htm
for the price...

Edited: 06/26/2010 at 05:34AM


Rod Coleman

Real Estate Investor · Chester, VA


Forum_avatar_avatar-keepitmovin

Icon_minipost Jul 27 '08, 02:08 AM

thanks ill check it out, any other ideas

Edited: 06/26/2010 at 05:34AM


Rod Coleman

Real Estate Investor · Chester, VA


Forum_avatar_avatar-keepitmovin

Icon_minipost Sep 04 '08, 06:11 AM

any other ideas, one of the gurus says pick an number 10k 15k 20k for single family home with an square footage of 1000 to 2000 depending out how ugly the property is

Edited: 06/26/2010 at 05:50AM


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