Typical cost of remodel per square foot

Submitted by InterestedBuyer from CA - 08/18/2010 - 1:52pm

Can anyone give an estimated cost of improvements to flip a typical starter home. Let's use the basis of a 3 bedroom, 2 bathroom, 1,600 square foot house. My underwriting is assuming that all items will need to be replaced and is what I believe conservative (more or less worst case scenario).

For all improvements including taxes, insurance, utilities, rekey, landscaping, painting, flooring, fixtures, appliances, trash out, minimal wood replacement and home inspection I am underwriting to require about $12 per square foot (6 month holding period). Does this seem accurate? Obviously this depends on the quality of improvements and your cost of labor but can anyone give opinions on this? Thank you.

You are not watching this post, click to start watching

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Before You Post

All comments should be relevant to the topic of the post and are subject to the terms found in our User Agreement.

Asking a Question

If you'd like to ask a new question, please start a new topic.

Please no SPAM.

We nofollow all links and promptly remove unsolicited advertisements - spamming here is a complete waste of your time, so don't bother. Vendors who actually answer questions and provide value to our forums may include links to their company or service as part of their signature.