Estimating Rehab Costs Based on Property Type
Hey everyone!
I have a question as a new investor. I am currently practicing evaluating properties here in South Florida so I can get a feel for the market and what strategy would work best for my situation, and am struggling to find any off the cuff percentages (i.e. 1-2% of the purchase price) I can use to estimate rehab costs.
For context, I am looking to get started with buy and hold LTR duplexes, triplexes, and fourplexes in and around Florida.
I am currently building out my network and hope to connect with a contractor that can give me a more professional opinion, but before that it would be great to hear what assumptions everyone is using when putting together initial profromas!