Help Estimating Renovation Cost

[Christopher Costa]

Hello All,

I am new to real estate and have come to realize I do not know much about renovation costs. I am in the Atlanta area and am thinking about investing in a small apartment complex with 700 square foot units. The units will likely need a full renovation on the interior to bring them into the modern age. This means new paint, new appliances, potentially repaired or replaced walls, ceilings, and floors, as well as window replacements. I have no idea how much it would cost to do this sort of thing. So my question is, could I get some rough estimates or ranges on the cost I could expect. I know it wouldn’t be exact and I could always run in to more problems, but I just want a ballpark to have in my head when running numbers. If this is too general, where could I find more information on this? Either general renovation information or more exact costs associated.

Thank you,

Chris Costa