How to ballpark an analysis

1 Reply

When analyzing a property for the first time before you make an offer, how can you come up with a ballpark rehab budget if you’re not not sure about how much things are gonna cost. For example I find a house that needs a kitchen remodel (new floors, sink, cabinets, etc) by looking at the pictures provided online. How can I ball park a budget for that? Do I go on a site like home advisor and see what a typical kitchen renovation would cost in my area and use that number? I want to be able to do all that before I ask to see the property. Just to be sure it’s worth my time. Does that make sense?

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