Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

35
Posts
14
Votes
James Ross
  • Rental Property Investor
  • Colorado Springs, CO
14
Votes |
35
Posts

How do you analyze CapEx costs in a new area?

James Ross
  • Rental Property Investor
  • Colorado Springs, CO
Posted

Hello Bigger Pockets!

I'm in the midst of building a spreadsheet to help me quickly analyze new deals, and the part I'm having the most trouble with is estimating CapEx. My thought is to put together a database of big ticket items (roof, siding, water heater, appliances, etc) that I will update with prices every year or so. My goal is to put in the specifications of the property, like the footprint, and have the spreadsheet pop out needed information, including CapEx.

For example, I'm putting together the roofing section of the database right now and have a wide variety of roof types listed.  Finding the conservative lifespan of each type was relatively easy thanks to https://roofonline.com/.  However, I'm having trouble finding good cost estimates for replacing each type of roof. How much does asphalt single cost to replace (including labor)?  What about clay tile?  Solar panel?  Green roofing?  That's the sort of thing I'm trying to find, preferably cost by square foot so it can be adjusted based on the individual property. 

Does anyone have a good resource they use when looking in a new area (or in my case, starting out in my home area as a new investor)?  Or am I going overboard with the analysis should just pick a number like $300 per month and let future experience teach me if it's a good one?  Thank you very much!

Loading replies...