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Updated about 10 years ago on . Most recent reply

User Stats

62
Posts
24
Votes
Jennifer Hollstein
  • Home Rehabber
  • Rockaway, NJ
24
Votes |
62
Posts

Estimating Rehab or Flip costs

Jennifer Hollstein
  • Home Rehabber
  • Rockaway, NJ
Posted

Is there a program out there that estimates the rehab costs

I am looking for something that does materials and then labor

some ideas of what I am looking for....

I can input the cost of a door (based on the type of door I want- slab, paneled,etc...) and then enter the number of doors and also calculates the door locks

If I need to do sheetrock I can enter the Length and width and height of the room and it calculates for me the sheets of rock I need to buy

If your doing tile measure room size,  I then enter the tile sq ft price and it calculates then also figures grout and even asks if you need an underlayment, same thing if it were the hardwood - what type of padding,  or are you using padding, sub floor glue, padding glue

Cabinets I put in lin ft of cabinets and it calculates a price based on a low, med, high range that may already be put in there or that I can populate myself

Appliances- check off what you need and it calculates based on low, med, high range

Bathroom upgrades- toilets, tile, vanity, tops, grab bars, towel bars, toilet paper holder. etc...

Something that has all the little items that a non professional contractors will leave out. 

Those things you leave out are what cost and throw the SOW off.

Example- I calculated the square footage for a hardwood floor but when I went to purchase  the hardwood x the sq ft price I had calculated and budgeted for I was way off. Reason I needed to add on 4 pails of glue at a little over $50. each, and then the underlayment pad necessary was another couple hundred $$. I was over budget by about $300 when all said and done. 

Does such a program exist?

Thank you 

Most Popular Reply

User Stats

2,815
Posts
1,750
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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,750
Votes |
2,815
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

We've use the on line Home Depot Pro. It's free, very detailed & especially useful if you've moved in to a new market & need costs for products and materials adjusted.  The system does that based on zip codes.    

  • Crystal Smith
  • 3126817487
  • Loading replies...