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

Rod C.

Real Estate Investor
Chester, VA
Me_forum_avatar

48 posts

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?

Sponsors:

flipper101

Real Estate Investor
San Ramon, California
Motor-_bad_ass_harley_forum_avatar

2810 posts

Two options if green:

1. Get to know a reliable contractor fast.

2. Google: constuction blue book. You can get software that adjusts for demographic, remodel, new costruction, low end, high end or whatever...
Great reliable data - base, and very helpful for those new to estimating.

Tom C.

Real Estate Investor
OH
Tony_forum_avatar

812 posts

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.

Adam A.


No_avatar_forum_avatar

48 posts

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

Bryan ..


PA
No_avatar_forum_avatar

85 posts

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.

Rod C.

Real Estate Investor
Chester, VA
Me_forum_avatar

48 posts

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

Northshore B.

Property Manager
Honolulu, HI
Sat_diamondhead_forum_avatar

473 posts

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...

Rod C.

Real Estate Investor
Chester, VA
Me_forum_avatar

48 posts

thanks ill check it out, any other ideas

Rod C.

Real Estate Investor
Chester, VA
Me_forum_avatar

48 posts

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