All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowConstruction & Remodeling DiariesArrowEstimating Rehab Cost
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Estimating Rehab Cost

3 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Traditional Financing, and Team
  • Posts 110
  • Votes 14

Omari Heflin
from Fishers, Indiana

posted about 3 years ago
What’s some advice to get good at estimating rehab costs on your flips quickly ?
Rotate Log in or sign up to reply
user profile avatar
  • Posts 3.9K
  • Votes 4.4K

Jason D.
Rental Property Investor from St. Petersburg, Fl

replied about 3 years ago
look into j. Scott's book on estimating rehab costs. It's a great resource for any rehabber, especially if you are newer at it.
Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Real Estate Finance, Team, and Taxes & Accounting
  • Posts 292
  • Votes 138

Michael Gessner
from Pomona, New York

replied about 3 years ago
experience, no book is going to give u the magic formula, sorry,,,,, your best bet look at a few properties with a contractor get an idea what they are charging for certain things in your market. labor rates are different per trades per area, material costs vary so on
Rotate Log in or sign up to reply
user profile avatar
  • Posts 41
  • Votes 15

Tim Mcbee
Contractor from Charleston, SC

replied about 3 years ago
We provide an estimating service for contractors that helps them systematize their estimates. It is simple and effective for the busy, growing companies. It works in every town, so much we are able to provide full detail estimates jobs all over the country! What we do is ask them for their historic costs (previous jobs) of like projects. Input that data into a spreadsheet that averages out the labor rates and material allowances separately. Moving forward we use Bluebeam to quantify the drawings or walk the job with a tape, this then gives us the quantities necessary to have a general idea of what things costs for each GC. You must know the difference between the scopes and understand what drives prices. For you I would be persistent to one of the contractors you think may have organization to their jobs. A good indicator is signage, both on vehicles and jobsite, signage plus a website usually means they have systems they may be willing to share with enough lunches and trade-offs (coffee or drinks). Good luck
Rotate Log in or sign up to reply
  • 1

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Sign up below to download the eBook for FREE today!

Download the eBook Now

Lock We hate spam just as much as you

Related Resources Construction & Remodeling Diaries
Flippers and Airbnb Investors: Here’s How an S Corp Election Can Help You
6 Handyman Skills Every Flipper Should Master
3 Reasons to Always Buy Distressed Property (& How to Find One)
How to Avoid Over-Improving Properties (& Make Bigger Profits!)
5 Bathroom Remodeling Tips Every House Flipper Should Know
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Philip Coiro
Philip Coiro
7.14
Score
Mike Baxter
Mike Baxter
Somewhere in the Scorching Heat of AZ
6.57
Score
Max T.
Max T.
Philadelphia, PA
2.93
Score
Annchen Knodt
Annchen Knodt
Durham NC (and Brenham, TX)
2.57
Score
Niobe Burden Austere
Niobe Burden Austere
Maine California, NV
2.36
Score

Construction & Remodeling Diaries Trending Discussions

  • Sherwin Williams Paint Discount of 30% to 57%
    2 Replies
  • Window estimates on a property under contract
    2 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.