Newbie Rehabber - Need 2nd Opinion on Contractor Quote

Newbie Rehabber - Need 2nd Opinion on Contractor Quote

New to Real Estate · Austin, TX · Member since 2016 · 18 posts · 7 votes

Hey BP!

Closed on my first home 2 weeks ago and boy is it scary/exciting. It's a ~1050 sqft 3/1 SFH with an attached 800 sqft 1/1 ADU. I'll be living in the ADU while the main house is rented out. Both sides need a lot of work, though. Since the main house is rented out, I plan to rehab the ADU first. Here's what I'd like to do:

I received a quote from a contractor recommended to me from a realtor I connected with here on BP. He quoted me:

Moving bathroom walls/adding dry wall: $3K

Replacing door with window: $1K

Adding island w/ stove and oven: $4.5K

Relocating sink: $3.5K

Adding dishwasher: $600

Replacing door w/ Wall and W/D hookups: $3.5K

Adding privacy fence: $1.5K

Adding central A/C: $6K

Floors: $8K

I haven't gotten a second opinion yet from another contractor. But this contractor comes highly recommended by my realtor who has worked with many contractors on several projects. So my questions:

Are these reasonable prices? Where could I cut costs?

What work could I possibly do myself? I think I would be able to install floors(LVT) and build my own fence. I'm an engineer, I think I can figure it out! 

Install central A/C or go with ductless system? I'm leaning towards ductless since it's cheaper. The ADU currently has wall units, but they look old and unaesthetic. The homes around all seem to have central A/C. However, this property is in a really great area so I think that factor would outweigh the lack of central A/C.

Thanks in advance BP! 

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  • Investor · San Jose, CA · Member since 2017 · 453 posts · 254 votes
    8y

    @Tim Wang are these labor and materials?

  • Winston Salem, NC · Member since 2017 · 201 posts · 56 votes
    8y

    Your biggest costs flooring. That is a costs that can be cut. Worked for me 95 percent of time. For example, tile flooring i got the second cheapest put diagonal in a very expensive home and it looked amazing. I learned alot from tv. Cheap places to get hardwood floors outside traditional retailers. I have been able on some stuff to go direct to manufacturer. people I mentor do same thing they are shocked how much more goes in their pocket. Big box stores have to inflate prices so many employees etc discount places same stuff, less costs, therefore, better prices. Like anything though dnt work 100% but alot. It worked for me in various markets especially your area and fort Worth.

  • New to Real Estate · Austin, TX · Member since 2016 · 18 posts · 7 votes
    8y

    @Sean Carroll Yes I believe so. 

    @John Webster What discount stores did you shop at? 

  • Jared W SmithBusiness Member
    Architect · Westchester County, NY · Member since 2018 · 682 posts · 476 votes
    8y

    I cannot speak to the rates since my locale has higher labor rates, however you should get a detailed cost break down from the contractor. It should state all that is included with labor and material rates shown. Always get three quotes.. or at least two.  

    Are these the only drawings you provided to the contractor @Tim Wang? Any permits necessary? In my area, you would need plumbing permits for relocating water and gas lines for island, sink and DW.. also you'd need a general permit to move the wall.

    What type of flooring do you want? $8k is a lot for a 800 SF space. $10/SF!? hardwoods are typically $3-5/SF installed. Doesn't add up.   

    Architect Owl PLLC521 Reviews
  • Investor · San Jose, CA · Member since 2017 · 453 posts · 254 votes
    8y

    @Tim Wang these seem about average but to ensure it is I would get at least two more quotes for the work. One way you can save is to ask for a labor quote and material quote and go buy the materials your self from home depot. If you open a pro account you can track all expenses and begin asking for either free delivery or a discount on materials. They already offer a "bid room" discount for orders over $1,500 but if you get enough quantity from multiple projects you can begin asking for discounts under $1500 purchases. This is more work for you but can help save you money.

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