Selling a rental property in Las Vegas – Remodeling Cost

4 Replies

I bought a rental property (SEO) in Vegas in 2009. The pricing has gone up quite a bit but the rent stays the same. Although it still cash flows, I’m trying to get the dead equity out to buy more rental properties here in TX (where I live). The cash-out refinancing doesn’t make sense at this point so I’m trying to put it on the market this month.

This is a SFH with two stories, 3/3 and 1,600 s.f. The tenant just moved out. The house is in pretty good condition but we want to do some renovations so it can sell faster with a better price. Our realtor/property manager is going to get two bids. First bid just came in today and is much higher than we thought. The following are the scope and pricing.


Fresh paint: entire interior (walls, doors, casing and baseboards): $2,300

Laminate wood floor: in living room, hallway, dining room and entry: $2,300

Granite: countertop and island including stainless steel sink and faucet: $2,250

New carpet: stairs, second-floor bedrooms, hallway and closet.

New lighting fixtures: 4 in bathrooms: $600

New Microwave: $400

New baseboard (first floor): $300

Caulking in bathrooms: $150

New decorative switches (first floor): $150

Total pricing: $9,300 for material and labor

When we walked through the property with our realtor last month, she thought that we should be able to stay within our budget of $5,000 for the scope. She was also surprised with the much higher bid. While we are waiting for the second bid, I would like to ask those of you who are familiar with the remodeling cost in Vegas: is $9,300 a reasonable pricing on the scope for this size of property? Any suggestions and advice are highly appreciated!

@Jing Johnson

  for quality work those prices are in line... unless you do volume

@Jay Hinrichs

Jay, thank you very much for the quick reply! 

It looks like you are paying $1.43 per foot for paint. You could be paying $1.25 and even lower. Other than that pricing seem to be in line like @Jay Hinrichs said.

Let me know if you need another referral for a contractor. 

Thank you for your help, Guy. Yes, I'd love to have another referral. I'll PM you. 

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