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Tuesday, January 29, 2013
Rehabbing Scope of Work: Understanding Costs
Repairs are a wild-card in the rehab process, and you've got to be as accurate as you can to give yourself the best chance for maximum profits. For each property, you will need to decide the level of work you want to do on the house. Use the following categories, listed below from least expensive to most expensive. I didn't include costs, because they are dependent on your area. For instance, a basic rehab may cost $10 per square foot in Ohio, but $100 per square foot in California. So how do you determine a quick work estimate?
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