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North Carolina Real Estate Q&A Discussion Forum

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Matthew Bass
  • Real Estate Investor
  • Wake Forest, NC
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Did I overpay for this "down to the studs" rehab?

Matthew Bass
  • Real Estate Investor
  • Wake Forest, NC
Posted May 23 2018, 08:50

Hey everyone,

We just finished rehabbing one side of our duplex. 840 square feet on that side. This was a "down to the studs" rehab. New drywall, insulation, plumbing, electrical, windows, flooring, trim, cabinets, appliances, bath, toilet, sinks, exterior railings, exterior siding, etc. There is very little left that's not new on that side of the duplex.

The total cost for the rehab is coming in at $29k which includes both labor and materials. My question to the forum: does this sound  about right or did we overpay? I realize it's not a simple question and there are a lot of details to take into account. I'm just looking for a gut feeling from those of you who have done this before.

Thanks,

Matt

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