How to Estimate Rehab Costs on ANY House (STEP-BY-STEP)

Here's EXACTLY how to estimate rehab costs on ANY fix and flip project!
Unlock the secrets to accurately estimating rehab costs with expert guidance from Stan Gendlin, Pro Fix & Flipper. In this comprehensive video, Stan covers three effective ways to estimate rehab costs and highlights common mistakes investors make when budgeting for renovations.
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In this video, Stan explains:
🔨 Estimating Rehab Costs: Different methods to calculate your rehab budget accurately.
💰 How Much Does a Full Rehab Cost?: Insights into what to expect when budgeting for a full renovation.
📋 How to Estimate Repair Costs on a Rehab: Detailed steps to ensure you cover all aspects of repair costs.
🚧 Avoiding Estimation Mistakes: Common pitfalls and how to avoid them to keep your project profitable and on schedule.
Don’t miss out on these valuable insights that can transform your real estate investment strategy.
✍Learn exactly how to estimate rehab costs with our step-by-step guide, here:
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TIMESTAMPS:
0:00 Introduction
0:40 Strategy 1 - General Contractors
3:31 Strategy 2 - By Square Footage
6:10 Strategy 3 - Line Item Approach
8:10 3 Common Mistakes Investors Make When Estimating Repair Costs
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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.

[@RealEstateSkills]

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[@antwanstevens5259]

Extremely important
Thank you

[@terreniskelley7191]

If you question a crew while they are working, would they give out the information who they're working for? Do they typically work for the cash buyer? Are they allowed to give out that info? (Sorry if it seemed like an unrelated question).

[@RealEstateSkills]

@terreniskelley7191 It's a fair question. Contractors are usually very willing to share who they are working with or at the very least give them your info. Contractors are typically hired on a per job basis, but if the investor is sophisticated they likely have a team of contractors they regularly use or have hired.
Cheers! 🏠

[@tatianaivanful]

Are these numbers by square footage fora specific state or nationwide, tho? I'm in TX, I suspect $60 won't be enough according to at least lumber prices here

[@RealEstateSkills]

@tatianaivanful You will always need to run the numbers for your local area because cost of material and labor changes depending on where you are located.