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Updated over 5 years ago on . Most recent reply

User Stats

106
Posts
16
Votes
Marc Possoff
  • Flipper/Rehabber
  • Phila, PA
16
Votes |
106
Posts

Cost of Rehab Philadelphia

Marc Possoff
  • Flipper/Rehabber
  • Phila, PA
Posted

Hi have a 2 bedroom house in Grays Ferry section. Want to completely gut the house with medium grade finishings such as Allure flooring, fiberglass shower and medium grade kitchen. I actually have the 2nd floor completely gutted; both bed rooms and bathroom. The flooring is completely level and already has plywood layed. The rest of the house which would be the 1st floor is semi gutted. My cousin is a licensed contractor and he did the 2nd floor gut and partially the 1st floor but ran into major health issues with a family member.

Any idea what the cost will be to continue this rehab? 

Thanks!

Most Popular Reply

User Stats

139
Posts
232
Votes
Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
232
Votes |
139
Posts
Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
Replied

For the scope of work you described, you're most likely looking at anywhere from $35- $100/sq ft depending on a large number of factors. The low end price being if you do work yourself or manage the work yourself using cheap labor and buy material on sale, and the high end being if you hire out the entire job to an experienced and licensed GC charging retail rates. And somewhere in the middle if you can find a contractor who is used to working with investors. 

Reliable and affordable contractors in Philadelphia are very hard to find right now, so be prepared to pay more than you expect and have it take longer than you expect. 

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