Sourcing a reliable contractor for rehab in Queens NY

5 Replies

Hey everyone,

I'm currently working on a rehab project involving a 6 bed 5 bath two family home in Flushing, New York. I've worked on several smaller projects in the past but this is by far the largest rehab I've done. The home is in need of some minor cosmetic rehab work, but there are some potential areas of the home that may need more substantial work.

I've had several contractors quote me for the job, their estimates ranging from $211K to $500K and in between. My concern is that the contractors may have a different vision for what I am looking to accomplish with this rehab. I plan to rent out the property and would ideally like it fixed up to serve that need, not for my own personal use. My question is, how do I determine the right step forward? Should I meet with an architect to go over my plans and then bring those to a contractor rather than having the contractor make those decisions?

-Matt

Originally posted by @Matthew Barbaccia :

Hey everyone,

I'm currently working on a rehab project involving a 6 bed 5 bath two family home in Flushing, New York. I've worked on several smaller projects in the past but this is by far the largest rehab I've done. The home is in need of some minor cosmetic rehab work, but there are some potential areas of the home that may need more substantial work.

I've had several contractors quote me for the job, their estimates ranging from $211K to $500K and in between. My concern is that the contractors may have a different vision for what I am looking to accomplish with this rehab. I plan to rent out the property and would ideally like it fixed up to serve that need, not for my own personal use. My question is, how do I determine the right step forward? Should I meet with an architect to go over my plans and then bring those to a contractor rather than having the contractor make those decisions?

-Matt

$212k ++++

To me it seems the contractors didn’t understand what you are looking for if you told them to quote  Minor cosmetic work

I would give them a very detailed list of what you want if you didn’t already 

Paint all walls and trim with 2 coats of behr semi gloss white paint 

Paint all ceiling with Behr premium ceiling paint 

Install LVP XYZ brand on all floors with 5” baseboard 

Etc 

And so on 

The problem with contractors and investors seems to always be a disconnect. I'm not sure that's the case here in this scenario, but going forward with a very detailed scope of work will ultimately help ensure that you get an accurate bid for what you are looking to have done. If you are working with an agent, they should be able to help you make this plan and determine what improvements could be done to maximize rents while keeping budget and durability on par with the rest of the market. 

Yes,talk to them and disclose exactly what you want done.  Contractors are not mind readers.  If you can find a contractor that is also an investor like myself, that would be better.  I work with one client who buys all the material and I just charge for labor.  That is another option.  Shopping and buying the materials yourself will allow you to control the budget.  You can always reach out to me for more help.