I'm a new investor in Philadelphia, working with the BRRRR method, hopefully targeting higher end rehabs, but open to options outside of that. I am seeking to understand rehab costs more accurately, and I believe studying real examples will be invaluable.
If anyone has before and after photos of recent rehabs in the Philly area, please share. I want to see the scope of work, material choices, and the overall cost.
Your assistance in this matter would be appreciated. Reply here or send me a private message.
Rental Property Investor · Philadelphia, PA · Member since 2015 · 476 posts · 360 votes
3y
Hey @Alex Kolstoe You are sooo right to be checking in depth about rehab costs. I keep seeing people acquiring properties, and then trying to figure out how to make the rehab work with a budget that is not really going to cut it. Prices have gone up and you must account for that.
I run the Philadelphia Landlords Connect FB group and recently we started to offer owners access to reliable vetted contractors. We have contractors that for a nominal fee will accompany you to a property and give you rough estimates. It's a great way to learn how to price projects.
Real Estate Agent · Philadelphia, PA · Member since 2019 · 1k+ posts · 1k+ votes
3y
Hey Alex! I am an investor and agent in the philly area and have done a good amount of renovations. Feel free to reach out and I can give you more of my insight of costs
Rental Property Investor · Philadelphia, PA · Member since 2015 · 476 posts · 360 votes
3y
Hey @Alex Kolstoe You are sooo right to be checking in depth about rehab costs. I keep seeing people acquiring properties, and then trying to figure out how to make the rehab work with a budget that is not really going to cut it. Prices have gone up and you must account for that.
I run the Philadelphia Landlords Connect FB group and recently we started to offer owners access to reliable vetted contractors. We have contractors that for a nominal fee will accompany you to a property and give you rough estimates. It's a great way to learn how to price projects.
Hey @Alex Kolstoe You are sooo right to be checking in depth about rehab costs. I keep seeing people acquiring properties, and then trying to figure out how to make the rehab work with a budget that is not really going to cut it. Prices have gone up and you must account for that.
I run the Philadelphia Landlords Connect FB group and recently we started to offer owners access to reliable vetted contractors. We have contractors that for a nominal fee will accompany you to a property and give you rough estimates. It's a great way to learn how to price projects.
Oh that sounds great! I will look into connecting over there. Thank you, Sheryl!