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Rehabbing & House Flipping

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Nader Hachem
  • Dearborn, MI
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What Type of renovations do you guys do when purchasing SFH LTR?

Nader Hachem
  • Dearborn, MI
Posted May 17 2022, 08:15

I'm looking to build out a spreadsheet when i can get a preliminary renovation cost that i could use in my analysis when looking at single family long-term rentals. What types of renovations do you guys see yourself doing when first purchasing the property? I've got things like:

Paint, replacing carpets, installing LVP (will calculate those by SF), replacing cabinets, installing countertops, purchasing appliances (washer, dryer, fridge, etc.), hot water heater, roof

I'm sure there a lot of obvious things that I'm missing and would like to hear them all. My goal with this spreadsheet is to calculate an upfront cost after walking through the property. This would better help me run my numbers.

Thanks all

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