Have you ever noticed that a gallon of milk costs the same in just about every store?
The same goes for a gallon of gas.
And a loaf of bread.
Economists call this “pricing efficiency”.
Unfortunately, there’s nothing efficient about estimating rehab costs. Pricing for labor and materials can be very difficult to estimate. That’s why we came up with this method to help you be more accurate.
The 3 Types of Rehab
In order to make the process more simple, we’ve identified the three types of rehabs you’ll likely encounter as a fix and flip investor:
Basic cosmetic rehab
Advanced cosmetic rehab
The 3 Phases of Rehab
Next, we outlined the three phases of rehab:
Mechanicals (Roof, HVAC, Electrical and Plumbing)
And in this video, we explain how to estimate rehab costs for every type and phase of our rehab project.