Who has used a good Rehab Estimator Tool?

Who has used a good Rehab Estimator Tool?

Redford, MI · Member since 2017 · 2 posts · 1 vote

I'm trying to find an estimator tool to help speed the process of estimations. Coordinating with the different contractors to come estimate, bid, approve and so on, just takes up too much time. 

I'm looking to get software that i can input what needs to be done and have it calculate the pricing so i can move along a lot faster.

Anyone have success with this?

0Reply
66 views

Most Popular Reply

Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
9y

I have not found a program like this that exists the best option is to learn what common repairs cost such as x number of dollars for a new kitchen or x number of dollars per square foot of flooring etc. you can then create your own spreadsheet in excel and calculate it that way.  But there is no centralized software mainly because contractors can charge very different rates even in the same market.

See this reply in the discussion

7 Replies

Jump to latestLatest
  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    9y

    I have not found a program like this that exists the best option is to learn what common repairs cost such as x number of dollars for a new kitchen or x number of dollars per square foot of flooring etc. you can then create your own spreadsheet in excel and calculate it that way.  But there is no centralized software mainly because contractors can charge very different rates even in the same market.

  • Wholesaler · Newark, DE · Member since 2015 · 303 posts · 80 votes
    9y

    I couldn't agree with @Aaron K. any more, most of the books I've read, and from the mass amounts of research I've put in to understanding flips points towards two things: (a) Calculate based on numbers you are familiar with (ex: $X for a new kitchen, or calculate based on an average per-square-foot cost), and, (b) Understand that each area has it's own, respective, cost for improvements based on your location.

  • Investor · Greeley, CO · Member since 2015 · 8 posts · 2 votes
    8y
    I was looking around for information on this very topic and I came across this website and saved it. http://www.samuelcthomas.com/home-repair-calculator I have not used it, so use at your own risk. No idea how accurate it is.
  • Realtor · Albuquerque, NM · Member since 2016 · 4 posts · 2 votes
    8y
    This software is absolutely incredible, the program is free for the first month. I can’t wait to hear about your experience! https://realeflow.com/
  • Real Estate Investor · Williamson County, TX · Member since 2011 · 1k+ posts · 961 votes
    7y
    @Jake Woods my library used to carry sweets unit cost guide. It is probably a lot like the home builder average cost to build by region chart the homebuilder association puts out. Survey fed.
  • Mooresville, NC · Member since 2018 · 68 posts · 39 votes
    7y
    The ONLY good estimator tool is experience. If you don’t have any, make friends with someone who does.
Join the conversationCreate a free account to reply, vote on answers and follow this thread.