Renovation Estimates Help

[Burhan Senih]

Does anybody have any clue what renovation estimates look like? Ive only dealt with turnkey rentals in NE ohio, i have about 9, looking to start leveraging, and look into renovating. So far I have only invested in condos. I am looking at a condo right now 2 bed 1 bath, around 1000 sqft. If I want to get rid of the carpet for vinyl or laminate, paint the walls, and simply do a basic kitchen and bath upgrade what would that run me? I dont want to do anything crazy, just white cabinets a cheap nice counter top etc. Or does anybody know how I can go about finding out?

[Brian Teeter]

Im in Little Rock, Arkansas and remodel 50-100 BRRR / Turnkey projects per year. So my cost structure may be different than your market plus I get some volume discounts. But I typically budget around $3.50 per foot, material and labor for vinyl plank flooring. I also budget about the same for interior painting. You may run into other things in the bathroom, like rotten subfloor etc. So factor in some additional repairs in wet areas.

Yes you can absolutely take a contractor in before closing....  Most sellers are open to this concept.  I do it all the time. 

God luck!