Attention All Rehab Pros!

what are the easiest things to estimate repair. i thought that it would be roof(once you know the type of material & sq. ftg.), carpet, paintor any flooring for that matter. anything else?

Comments(9)

  • NC_Yank14th March, 2005

    First,

    When posting a message, make the topic be related to the question. See forum rules.

    Now to answer your questions..............the majority of items are easy to figure.......what your question should be is what is difficult to estimate.

    These are not in any certain order.

    1. foundation problems
    2. structural problems
    3. mold issues and other health related issues that require remediation
    4. electrical can be if you do not know what to look for

    What is also important is to know what your budget is prior to going into a project..............basically to run the number to determine if its a good buy in the first place.

    Many times a newbie will buy a project and end up doing it half way and hope to collect some profit off of it.

    Each rehab project is unique..........and will have various degrees of difficulty...........as you become more experienced at it then it all will become easier to estimate.

    NC

  • monopoly9th March, 2005

    I meant $4k - $6k

  • lauralee9th March, 2005

    I would ask for a break out of the charges. Is he planning to just rip out the surfaces that are molded or is there more to be done? Much of the equipment that he uses is expensive and can be set up in the home for 1-2 weeks. Is he cleaning just the surface materials or will he be running equipment to also clean the air, like air scrubbers? What type of guarantee does he offer and make sure you get references.

  • InActive_Account9th March, 2005

    Quote:
    On 2005-03-09 16:39, monopoly wrote:
    Why would the charge be so much?


    Because some people say yes.

  • NC_Yank11th March, 2005

    Quote:
    On 2005-03-09 17:19, The-Rehabinator wrote:
    Quote:
    On 2005-03-09 16:39, monopoly wrote:
    Why would the charge be so much?


    Because some people say yes.




    It is funny how some people will not flinch at a price because of the type of work being done while others will cry and complain about a buck on work that is more important.

    I did a home inspection on a property that took 6 hours.....I walked away with $300.00.
    The pest control inspector came (requires a separate license) was there for 30 minutes and walked away with $75.00. The lady didnt say a word about his price.........but mine was high.........even though I told her in advanced.

    It takes years of education to be a good inspector.....not to mention the difficulty in getting your license and maintaining it...........yet, this moron didnt say a thing about the price she paid for the pest control guy to "ASK ME" if I saw any damage under the crawl space.........look around briefly and then collect a check..................go figure.

    NC

  • monopoly14th March, 2005

    hookilau, how much mold did you have on the bathroom celing? How long has it been since the mold has been removed?

  • mark1940114th March, 2005

    I will take as a no then as far as the minor repairs. Paint and carpet will be enough then.

  • InActive_Account14th March, 2005

    Sorry, I was under the impression this forum was for people trying to make a living and risking hard earned money and their potential financial futures through the process of investing in real estate.

    Naw, forget it, I was going to say something else.

    If we all want to pretend this post is legit so be it. I still say it is was done as a joke, nobody is that naive.[ Edited by The-Rehabinator on Date 03/14/2005 ]

  • InActive_Account14th March, 2005

    [ Edited by hoober on Date 03/15/2005 ]

Add Comment

Login To Comment