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Updated about 2 years ago on . Most recent reply

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Chris Kendrick
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Price of doing the rehab

Chris Kendrick
Posted

I am located in NC, i am trying to get around about price of how much should i expect a rehab could cost, i know the cost will vary greatly on what I will do to house, but let say a 2 bd and 1 bath house, 1k sq ft, with new floors, LVP. And a whole new bathroom and kitchen, i got a quote for 10 to 15k for floors and 15k to 25k for kitchen and 8 to 12k for bathroom,  obviously depends what finishes i put in there but for a rental with avg finishes, seem kind of high for price, any one here have any prices they like to share that lives close to NC, i know different areas are price different,  thanks

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Kathie Russell
  • Professional
  • Raleigh, NC
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Kathie Russell
  • Professional
  • Raleigh, NC
Replied
Quote from @Chris Kendrick:
Quote from @Hunter Reed:

These quotes are to high. I recommend building a Rehab Cost guide excel spreadsheet that will walk you through material prices. This will ensure that you have a relatively appropriate rehab budget. Try this, walk the property, and you'll find a lower rehab cost. Hope this helps. 


 Didnt really help, but thanks 


How could it not help if you took an estimating repair spreadsheet and walked around the house with it?  if you know what you are doing you should have come up with an estimate that is close to exact.  you should take an estimating repairs workshop.  i know of one coming up in may, message me if interested.  if you don't know how to accurately estimate your own repairs on any rehab project, you are going to have a very hard time succeeding in real estate investing.

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