Rehab Estimate: Square Footage Method

[Ryan Newton-Block]

Hi - I'm curious about what dollar per square foot I should be using to estimate repairs is:

I'm currently under the impression figures would look like this, but I'm curious what more experienced flippers would say? 

Cosmetic: $25-$50

Painting int & ext , new kitchen cabinets, new flooring, landscaping, etc.

Heavy: $50 - $80

full new kitchen, new bathrooms, new flooring, new finishes, new doors and windows, replace hot water heater, replacing AC unit, new electrical panel.

Full Gut: $80 - $100

Opening floor plan / wall demo, reconfiguring bathrooms, new roof, new doors and windows, new flooring etc.

Any help would be appreciated. Thanks! Ryan

[Bill J Fay]

I would say that's a good rule of thumb if you were looking at the property without getting inside. Every property has character, so it's impossible to get accurate numbers from a general sq ft estimate you are using. Look at the big-ticket items. From there, you can use your sq ft estimate for a quick determination on costs. Every contractor will vary in regard to how they will charge. Get detailed bids from reliable contractors. You will start to know exactly what your contractor will charge once you get a few under your belt. Good luck!

[Ryan Newton-Block]

I appreciate this thank you sir!