Updated over 7 years ago on . Most recent reply
How.do I estimate repairs?
Hello, BP! Does anyone have an idea how much they would estimate a full gut and renovation of an older 4 Bed 2 Bath home would be? Located in central NJ. Just under 2000 SF. Lower middle class area with similar homes sold at around $295k. This would be a full gut, new electric, plumbing, sheet rock, rebuilt stairway, and more? I'm looking for a range to consider with. I have architect prints.
Most Popular Reply
Probably between $80,000 and $200,000, depending on:
- Level of finishes
- Type of house
- Type of contractors
- GC versus using subs
- Local code requirements
BiggerPockets has a book on estimating rehab costs that you can check out...