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John Barrett
- Rental Property Investor
- Everett, WA
- 386
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@Collin Savunen this question is really hard to provide a meaningful answer to other than it depends. I completely get that doesn’t help you at all but it’s the reality. Your scope of work is going to determine your rehab budget. I would suggest you attend local REI meet ups and speak with contractors/flippers about their experiences with specific projects. This will allow you to be respectful of their time but also build up specific knowledge about materials they like and the costs of those projects. This will be a lot more meaningful than just us $25-$35 per sq ft for a light to medium rehab.
Also, spend sometime to develop an example scope of work (bathroom remodel) and price out all the materials to do the job. You can learn an awful lot by just wandering around home depot at the various pricing on items.
Hope this helps and best of luck.