Estimating Construction Cost – Actual Repair Budget Attached

Posted on: September 15, 2009

Categories: Fix, Real Cases

Author: buyfixandprofit

Real Construction Budget Estimate

The numbers listed below are actual repair costs for a standard bank owned single family home. My partners and I have rehabbed over 50 homes together and we have never been able to achieve the cheap rehab costs as shown on Flip This House and other quick flip home shows. I do know that our costs are in line or less expensive than what other investors pay in our area.

IMG 0895 150x150 Estimating Construction Cost   Actual Repair Budget Attached

Kitchen Repairs Needed!

IMG 0719 150x150 Estimating Construction Cost   Actual Repair Budget Attached

Garage Demolition Required

shower rehab 150x150 Estimating Construction Cost   Actual Repair Budget Attached

Shower Rehab Needed!

IMG 0760 150x150 Estimating Construction Cost   Actual Repair Budget Attached

Garage Demolished

IMG 0404 150x150 Estimating Construction Cost   Actual Repair Budget Attached

Kitchen Rehabbed

IMG 0423 150x150 Estimating Construction Cost   Actual Repair Budget Attached

Rehabbed Bathroom

Duration of Rehab = 25 days

Rented within 1.5 months
Cash Flow is $220 / per month with no money out of pocket

Real Rehab Repair Budget – 1,100 sq feet, 3bd, 1bath house
DRAW 1
Demo Garage Demo garage & dispose debris $2,500
Roof Overall good condition, some repairs needed $500
Gutters New gutters $1,000
Soffit & facia repairs Repairs $500
Foundation/concrete Outside,side walkway, front walkup, garage pad $1,500
DRAW 2
Rough Electrical 100A breaker plus new runs $2,500
Heating System New Furnace install $2,700
Hot Water Heater Replace w/ 40 Gallon tank $700
Rough Plumbing New plumbing throughout house $4,500
Ext Doors 3 steel doors $1,000
Landscaping/cleanup Remove all debris, weeds, bushes, grass & remove large tree in backyard $500
Fencing Erect privacy fence across backyard $1,500
Demolition Gut bath, kitchen, LV, DR, carpet, basement paneling $3,000
DRAW 3
Windows + caps 15 new windows + 4 glass block $4,500
Electric New outlets, trim, light fixtures, smoke detectors, CO $650
Dywall/Plaster – main floor New drywall and/or plaster entire first floor $6,000
Carpet/Flooring Carpet in bedrooms, and finish and stain hardwood floors in LV + DR $1,500
Interior doors/hardware $900
DRAW 4

Bathroom Concrete backboard, toilet, ceramic, pedestal sink, tub, toilet, new subfloor $3,500
Kitchen New cabinets, sink, counter, vinyl floor $4,500
Finish Trim Windows & floors $1,000
Paint Whole house interior paint $1,800
Exterior Porch Repairs Front & Rear Porch repairs – structural & stair repairs $1,600
TOTAL $48,350
pixel Estimating Construction Cost   Actual Repair Budget Attached

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