Scottsdale, AZ Condo Rehab Estimate/Recommendations

Scottsdale, AZ Condo Rehab Estimate/Recommendations

Rental Property Investor · San Diego, CA · Member since 2019 · 28 posts · 12 votes

We'll be closing on a condo in Scottsdale soon and have been exploring the cost for a rehab. This condo is approx 1000 sq ft, 3 bed 2 bath, and we plan to keep as a short term vacation rental. It needs a lot of work, except for 1 shower, basically everything needs to be replaced. Attached is an estimate from a local general contractor and I'm just curious how this sizes up compared to other estimates you've all seen - and if we'd be better off managing the project on our own and sub contracting specific parts out. Would love to hear your thoughts. Thank you so much.

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  • Flipper/Rehabber · Phoenix, AZ · Member since 2018 · 268 posts · 152 votes
    5y
    Originally posted by @Adrian Rae:

    We'll be closing on a condo in Scottsdale soon and have been exploring the cost for a rehab. This condo is approx 1000 sq ft, 3 bed 2 bath, and we plan to keep as a short term vacation rental. It needs a lot of work, except for 1 shower, basically everything needs to be replaced. Attached is an estimate from a local general contractor and I'm just curious how this sizes up compared to other estimates you've all seen - and if we'd be better off managing the project on our own and sub contracting specific parts out. Would love to hear your thoughts. Thank you so much.

    You would obviously save money if you sub'd everything out but is it worth all of the gaps in timing? I would say overall this is a good quote. What is the timeline he can have it done by? The demo price is great, quartz counters (2 slabs im assuming? see if someone can do 1 slab) The flooring pricing is a little high if you pick $3 a foot for floors, $3 max to install, overall good quote but everything just a touch over what I pay. 

  • Rental Property Investor · San Diego, CA · Member since 2019 · 28 posts · 12 votes
    5y

    @Brett Tvenge Thanks so much for your input. That's a valid question you ask....the gaps in timing may not be worth it.

    Appreciate the insight!

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