Determining Value Add Renovation Costs

[Yaya Y.]

Before you purchase a MF investment, what math do you do to precisely figure out how much money should be spent on renovation costs? I feel like it’s much easier said than done once you actually begin renovating. What does the typical process include to result in a successful investment? Any metrics?

[Nathan Gesner]

The BP store has The Book On Estimating Rehab Costs. You can also go to the TOOLS section and use the Rehab Calculator or look through the files for various checklists, spreadsheets, etc.