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Updated about 2 years ago on .

User Stats

7
Posts
3
Votes
Jon Lepel
  • Burnt Hills, NY
3
Votes |
7
Posts

Contractor pricing for rehab in Upstate NY(Albany/Saratoga)

Jon Lepel
  • Burnt Hills, NY
Posted

I know there is no substitute for an actual walkthrough with a contractor and getting actual quotes but I watched a video(which was dated within the last 3 weeks)with Pace Morby, Jamil Damji, and Chris Keeley where they walked a rehab house. Jamil did a rough calculation of $60 per Sq/ft for main living areas and $30 per sq/ft for basement rehab. Chris had an actual quote from his contractor. In the end, they were about $1,000 from each other's numbers. So my question is where would you find this “per sf/ft” number? Is there a rule of thumb or averages that everyone uses? I get it might vary by region by maybe $5-$10 a sq/ft but is this reasonable for a quick “no look” estimate? I also get that light rehab vs. complete demo/gut are completely different animals. I'm just looking to evaluate some properties and as we know it has to be done pretty quick so trying to figure out what to "ballpark" something if possible. (This is my first flip if you can't tell, LOL) Does anyone in upstate NY(Albany/Saratoga) have any numbers to share or rules of thumb/software/spreadsheets from experience as of lately?