Flippers, how did you figure out accurate pricing/negotiations with contractors.
I am trying to learn how to properly estimate rehab costs and negotiate with contractors. I’ve heard a lot about contractors taking advantage and overpricing. Any advice would help.
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#2 Contractors Contributor
- Severna Park, MD
@Account Closed Contractors are businesses . They charge what the market will bear . If you get 3 estimates for work you will get 3 different prices . Prices are also area specific , if you live in an area with a high cost of living , you will pay more .
There are no magic discounts for "flippers" or "investors" . Especially if you are only doing 1 house .To a contractor its just another job .
Contractors dont over price , you and the contractor agree on the price for the scope of work , if you dont like the price you find someone else .
Some contractors are just more expensive than others .