Central, NJ · Member since 2016 · 21 posts · 4 votes
Hello BiggerPockets Community,
I was wondering what were wholesalers and flippers in the New Jersey area using to estimate rehab cost per square feet.
-Sion Nickson
Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
9y
There is no way to give you an answer to your question that's going to satisfy you. Your numbers could range from $10-150 per square foot, depending on:
- Specific Scope of Work (SOW)
- Your experience
- Specific architectural design decisions
- Level of finishes
- How the project is managed (you or a GC)
- Time of year
- Type of contractors used
- Your negotiating skill
And lots of other factors. The only way to get a real rehab estimate is to create a scope of work and then assign prices, either through experience or bidding it out.