rehab coop.. cost to repair ? where to start?

rehab coop.. cost to repair ? where to start?

Member since 2023 · 118 posts · 26 votes

Purchasing a rehab co-op unit.  Basically, needs everything new. it's around 850 sq ft in New Jersey.

Where should I start first??  This unit needs a whole new subfloor thru out the unit (3/4in plywood), a floor (FVP), new kitchen (cabinets and counters), and bathroom (Vanity Toilet, tub.   All appliances (washer dryer, refrigerator, dishwasher, stove), paint thru the unit

Do you think it's doable for under 15k for labor, material, appliances?  

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  • Andy SabischPro Member
    Investor · Jackson, MS · Member since 2021 · 660 posts · 561 votes
    2y

    Even doing the work yourself, 15K is unrealistic.  What level of material does the unit call for?  Granite counters or formica?  What quality of LVP are you looking at?  Just a quick look at your needs list, you would be looking at double that especially if you are contracting all the work out.  Hopefully you have not put in an offer yet and are still looking at numbers to see what to offer because otherwise, you will be underwater on the project.

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