Investor · Miami Beach, FL · Member since 2015 · 22 posts · 2 votes
Does anyone have a rough feel for the psf that you are spending on remodels for above standard remodel work but not crossing into luxury? Coming out of South Florida the figure I worked with was $125/psf. TIA.
Investor · Nashville, TN · Member since 2015 · 688 posts · 607 votes
7y
Our cosmetic remodels are running around $30 a sf. Gut jobs will run around $75 a sf. Also keep in mind we are doing some of the work ourselves. I would add 10-15 if you are purely passive in the process
Real Estate Agent · Knoxville, TN · Member since 2018 · 18 posts · 5 votes
7y
It depends on the neighborhood and condition, but I can confirm with Devan that it can be done for as little as $30/sqft and even an extensive remodel for as little as $75/sqft. Unless you are targeting the high $ part of town, you can just about build a new house for a little more than $120/sqft.