Repair Estimator that reflects MD's labor & material cost needed

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Repair Estimator that reflects MD's labor & material cost needed

Ivy Hailey
Investor · Baltimore, MD · Member since 2015 · 70 posts · 4 votes

Looking to master repair cost for Maryland area. I have an elaborate repair estimator as a excel spreadsheet that automatically calculates labor and material cost coupled as one price, however, the pricing I have do not reflect the Maryland area. If anyone has or could assist me in obtain the correct pricing from either yourself or someone else I would greatly appreciate it. I would love to show my excel spreadsheet. I prefer not to purchase a subscription to a repair estimator. Thank you in advance for your time, consideration and assistance.

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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
5y

Its hard to even come up with something state specific. Baltimore for instance is going to have very different pricing from Montgomery County. 

[email protected]301-893-4635Podcast Guest on Show #192
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  • Zachary H.
    Rental Property Investor · Conway, AR · Member since 2017 · 146 posts · 75 votes
    5y

    @Ivy Hailey Hi— not from Maryland, but what exactly are you looking for? A way to easily estimate repairs? Sorry, just need some clarity

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    5y

    Its hard to even come up with something state specific. Baltimore for instance is going to have very different pricing from Montgomery County. 

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group546 Reviews
    WebsiteView Page
    1Reply
  • Sam Lewis
    Real Estate Agent · Baltimore, MD · Member since 2018 · 283 posts · 228 votes
    5y
    Originally posted by @Russell Brazil:

    Its hard to even come up with something state specific. Baltimore for instance is going to have very different pricing from Montgomery County. 

    Echoing Russell on this one. Even at the county level, parts of Harford County can vary greatly compared to Baltimore County. To run estimates on jobs, keep it specific to a particular area (or even zip code). 

    Best way to grab accurate data is to walk through potential rehab jobs with reputable contractors

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  • Ozzy SirimsiBusiness Member
    Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
    5y

    J Scott has a book about it  "Estimating rehab cost" he  gives away excel sheets as free goodies :D))

    As far as estimating numbers, it will obviously range but you can try to create an google sheet and make it open to public, and share here then people can go in and add their number.

    Otherwise, it will require a long long conversation 

    1Reply
  • Gayle Melnick
    Member since 2020 · 80 posts · 66 votes
    5y

    @Ivy Hailey

    I don't think there's a way to get a definite answer on rehab costs without having a contractor give you a specific bid on a specific job. You might get some that could give you a ballpark answer if you give them exact details, but any contractor I've talked to has told me that they need to look at the job in order to give an accurate estimate.

    If you're looking for general estimates in order to analyze deals, J Scott's book is the best resource I've found. What I do is take the average of the range he gives for labor and materials for each item and use that as my best estimate. I've found it's been pretty close.

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  • Ivy Hailey
    OP
    Investor · Baltimore, MD · Member since 2015 · 70 posts · 4 votes
    5y
    Originally posted by @Zachary H.:

    @Ivy Hailey Hi— not from Maryland, but what exactly are you looking for? A way to easily estimate repairs? Sorry, just need some clarity

    I have an excel spreadsheet it is broken down in to interior and exterior projects as small as labor and material cost on small jobs like replacing a toilet in the bathroom, larger jobs replacing a roof with different material based on sf of roof for the fascia linear ft cost. The spreadsheet also has labor and material cost for mechanical, permits, staging and more. I would like to update the costs to reflect Maryland contractor rates. I would love someone to either look at my spreadsheet and edit or provide me with one in which they already have established. I hope this answers your question.

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  • Ivy Hailey
    OP
    Investor · Baltimore, MD · Member since 2015 · 70 posts · 4 votes
    5y
    Originally posted by @Russell Brazil:

    Its hard to even come up with something state specific. Baltimore for instance is going to have very different pricing from Montgomery County. 

    Thank you Russell.

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  • Ivy Hailey
    OP
    Investor · Baltimore, MD · Member since 2015 · 70 posts · 4 votes
    5y
    Originally posted by @Sam Lewis:
    Originally posted by @Russell Brazil:

    Its hard to even come up with something state specific. Baltimore for instance is going to have very different pricing from Montgomery County. 

    Echoing Russell on this one. Even at the county level, parts of Harford County can vary greatly compared to Baltimore County. To run estimates on jobs, keep it specific to a particular area (or even zip code). 

    Best way to grab accurate data is to walk through potential rehab jobs with reputable contractors

    Thank you Sam.

    0Reply
  • Ivy Hailey
    OP
    Investor · Baltimore, MD · Member since 2015 · 70 posts · 4 votes
    5y
    Originally posted by @Ozzy Sirimsi:

    J Scott has a book about it  "Estimating rehab cost" he  gives away excel sheets as free goodies :D))

    As far as estimating numbers, it will obviously range but you can try to create an google sheet and make it open to public, and share here then people can go in and add their number.

    Otherwise, it will require a long long conversation 

    Ozzy,

    I have read his old book. I guessing the new book has the excel sheet attached to it. I think I will put it up and see what I get. Do you have any pointers as to which group I should post my spreadsheet in. I don't want to be accused of spamming the system and posting in all of them. lol...which group has the gurus or contractors in it? Thanks for responding.

    0Reply
  • Ivy Hailey
    OP
    Investor · Baltimore, MD · Member since 2015 · 70 posts · 4 votes
    5y
    Originally posted by @Gayle Melnick:

    @Ivy Hailey

    I don't think there's a way to get a definite answer on rehab costs without having a contractor give you a specific bid on a specific job. You might get some that could give you a ballpark answer if you give them exact details, but any contractor I've talked to has told me that they need to look at the job in order to give an accurate estimate.

    If you're looking for general estimates in order to analyze deals, J Scott's book is the best resource I've found. What I do is take the average of the range he gives for labor and materials for each item and use that as my best estimate. I've found it's been pretty close.

    Gayle,

    Thanks for the response as well.

    0Reply
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