How to Estimate a Real Estate Rehab Project
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Transcript of How to Estimate a Real Estate Rehab Project
How to Estimateand BudgetYour Rehab
How to EstimateRehab Costs
What to Bring to the Property
Start with the Exterior
Walk the Perimeter
RoofingPriced per square$225-$400 / square$40/sq. for labor$100/sq. for materials$50/sheet for patching+$500 for dumpster
Roofing
$3,000 - $4,000
Gutters/Downspouts
$1,500
Concrete
$6.00/sqft on ground$10.00/sq vertically
Decks
depends on size/height$1,500 to start
add $1k per level
Landscapingmulch beds/basic landscaping
$500 - $1,500don’t go overboard!
$300 - $500 / tree
Windows
$250 per window
$500 - $1,500bay windows count as 2
Exterior Doors
$650 for front doors
skip the screen door$250 for other doors
Vinyl Siding
$3,000 per story
Exterior Painting
$2,000 per story
also applies to cape cods w/trim
Anything Else?
keep it simple!use Houzz.com for ideasdon’t skip the details
Interior Work
Demolitiondumpster: $500 for 30 yard
Labor - $10/hour. 2 person crew, 3-5 days.2 Rubbermaid trash cans, shovels + contractor bags.
Drywall
patching $500-$1,000hanging/finish is $30 - $40 per 4’x8’ sheet
Framing
wall removal + beam$1,500
general framing$100 / 8 foot section
Rough Plumbingrough in new kit/bath or replumb existing kit/bath
$1,500rough in where existing
$500 / bath$250 / kitchen
Electricservice change - $2,500replace panel - $1,500new electric? $25/opening
fixture + lab budget: $1,100+materials
Trim$1,500 per story for base
$50/side for casing
buy contractor packs of trim
Interior DoorsAlways use raised panels
$150/door total$75 if just slab + hardware
Paint$2.25 / square footbeware of per room pricingshould include minor touch-up and all trim/casing
Tile$5.00 / square foot total
$3.00 / sqft for labor$2.00 / sqft materials
$600 for total backsplash (Google: build realty tile backsplash)
Bathrooms$2,500 for full bath$1,500 for half bath$1,000 gen. repair$600 hot water heater
KitchenCabinet prices vary greatlyGranite - $30-$50/sqftConsider in-stock$800 for cabinet install
($50 / cabinet)
Insider Kitchen TipsFind a reliable local supplier
(we recommend Unity)
Find out if they do take-offs
$4,000 total kitchen budget
Basements
Don’t neglect the basement!
Remove almost everything!
BasementsWhite on wallsSpray ceiling blackPaint floor gray$500-$750 / bsmt
CarpetCall Dan Jones for carpet. 886-2674$2.00 / square foot
Hardwood$3.00 / sqft foot to refinish
$2.00 / labor sqft to install
try Lumber Liquidators