Updated almost 2 years ago on . Most recent reply
Multifamily Rehab Estimation
Hey everyone, I am looking at a 8+ unit multifamily property in the Raleigh/Durham market and I am trying to get a good estimation of what it's going to cost to renovate. The units are 850 - 900 SF.
Does anyone have a average cost per foot to renovate, or is it better to use a price per unit approach? Thanks in advance.
Most Popular Reply
Depending on the level of work needed, I am usually estimating between $25 - 40 ppsf.
Upright.us has some nice tools to help in statement of work estimations.