Guestimate as to how much this house will cost to rehab

[Ivan Poon]

http://www.flickr.com/photos/iypoon/sets/72157622393275751/

I know it's kind of hard to tell based on just a few photos taken, but just a ballpark would work.

Basically this is a 2000 sqft raised ranch in a pricier part of the northeast. Holes were punched in the walls, the vanity in the bathroom ripped out, the cabinets/sink were taken from the kitchen, carpet ripped out, sliding door to the deck was removed and glass shattered, graffiti on the 1st floor, etc. etc. The outside of the house is nice... the back yard (which is quite small) needs a little landscaping though)

My realtor who's listing this says it'll probably go for 250K (was sold in '06) for 560K so this is a 'good deal'. Just wondering what a rehab will cost roughly, worst case scenario).

[J Scott]

It depends on the level of rehab you're looking to do. For example, if it were my flip, I'd replace every light fixture and plumbing fixture regardless of whether what's in there worked. I'd replace the roof if it was more than 20 years old, regardless of what shape it was in. I'd replace the HVAC systems if they were more than 20 years old, regardless of whether they worked.

So, the age of the house and the mechanicals would go a long way towards determining how much this rehab would cost.

If this were one of my flips in my area, my guess is that I'd spend $30K and it would undergo a complete cosmetic rehab with new roof, new HVAC system, all new fixtures, etc.

If it's in better shape than that, then obviously it would be less...