How to Estimate Rehab Costs on Your First Deal (No Experience Needed)

Описание: Grab Ashley’s Free Rehab Estimate Spreadsheet Here:
https://www.biggerpockets.com/resourc...

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How To Estimate Rehab Costs:
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If you want to renovate an old rental, flip your first house, or BRRRR (buy, rehab, rent, refinance, repeat) a home with serious potential, you’ll need to know how to estimate rehab costs first. But, as a rookie, this can seem quite tricky. You may have painted a room before or changed out an old lighting fixture, but how much will it cost you to renovate an entire property? Today, Ashley is going to show you how.

By downloading her free rehab estimation spreadsheet (https://www.biggerpockets.com/resourc...) you can easily plug in your costs and figure out your total rehab budget. But where do you find the prices of materials and labor? Don’t worry; that can be done easily by a beginner, too! In this video, you’ll learn exactly how the pros (like Ashley) do it FAST.

Interested in creating a detailed scope of work (SOW) for your renovations? Let us know in the comments, and Ashley might cover it in a future video!


00:00 How to Estimate Rehab Costs
02:22 Your Costs May Differ!
3:30 Always Add a "Contingency"
03:57 1. Material Costs
06:40 Don't Know Which Materials to Use?
07:30 2. Estimating Labor Costs
9:33 Tip: Use the Avg Cost!