Learn the basics of using our Rehab Repair Estimating software for house flippers and rehabbers.
One of the most frequently asked questions I hear from new house flippers is how much do repairs costs and how much should I budget per SF for a rehab.
Unfortunately, the answer is it depends...
It depends on the Scope of Work, depends on the materials used, depends on the location and many more factors.Estimating Rehab Costs using an arbitrary $ per SF value can be dangerous, especially if you don't know what Scope of Work is included in the value.
Before you use a $ per SF amount for quickly estimating rehabs, you should really take the time to understand the Scope of Work that is included.
For this reason, I recorded a Case Study which takes a detailed dive into 3 different Scopes of Work to help you understand what repairs are included for a Light Cosmetic Rehab, a Heavy Rehab and Full Gut Rehab.
Remember, although we provide some cost ranges for Light, Heavy & Full Gut Rehabs, it's always best to create your own Estimates and calculate your own $ per SF values that will work for your specific projects, materials and location.