Real Estate Agent · Chester, VA · Member since 2014 · 59 posts · 5 votes
Estimating repairs is a difficult thing I've been doing research on it but there is no exact science. does anyone have any quick idea on how to estimate repairs.
my assumptions are
basic bathroom 4500 to 6000
kitchen 5000 to 7000
Roof 4500 to 7000
electrical upgrade 3500 to 5000
Hvac 4500 to 6000
Windows 200 to 350 a piece
re-doing entire plumbing 3500 to 5000
Please if you have an better idea people rein in on this, i am new and these are just assumptions.
Investor · PA · Member since 2013 · 1k+ posts · 602 votes
11y
It can all vary a lot depending on who you hire and how cheap you go on the materials. I can tell you that I do not typically spend that much on new plumbing, electrical, kitchens or bathrooms.
I will typically hire someone who is very skilled and honest at a daily rate of 140 or more a day and it all usually ends up being a lot less (if they are truly skilled and honest).
I also work most weekends doing repairs myself so that I can better understand the process and costs.