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General Landlording & Rental Properties

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Douglas B.
  • Buffalo, NY
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Estimating costs of repairs

Douglas B.
  • Buffalo, NY
Posted Feb 10 2014, 07:28

this is a post for the SUB30kCLUB and anyone else who can help.

When buying a property in need of some rehab, what do you estimate for cosmetic rehab costs vs major rehab costs? I know that costs will vary widely by region, who is doing the work, property condition, etc. but I'm looking to get a feel from people about what is a reasonable ballpark for various projects. For example, a kitchen that needs cosmetic rehab such as painting, minor updating, new linoleum floors, etc, might cost $X, whereas a total kitchen overhaul including new cabinets, etc might cost $Y. Same with bathrooms and living spaces.

Let's also discuss major repair items, such as utility costs including separating utilities on a multifamily, new roofs, window, etc.

I'm not a handy guy so I'll be relying on contractors to do the work.

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