Rehab cost estimate in Baltimore, Md
Is there a rule of thumb for estimating cost of total rehab in a baltimore rowhouse? I understand it could be as high as $100 per sq ft in Silicon Valley California but also much less somewhere else depending on the area. So whats the basic rule to estimate in Baltimore from real world experienced investors with repeated personal experience? Total gut rehab cost with high end result for a flip and also with mid grade result for rental? Thanks.
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@Tony Hale it depends on how much work you do. If you are talking about a typical rowhouse with a true full gut (removing all wood but the floors). You are talking about $70 to $100K + depending on the level of finishes.
Even then, full gut could mean a basic job, or digging out the basement, adding a floor and or a rooftop deck, an addition in the rear, pouring a parking pad in the rear etc.