Real Estate: Estimating Repair Costs

Discover how to uncover issues and make better real estate investment decisions before purchasing a property.

Introduction

• Repairing your properties
• Overview of estimating repair costs

1. Outline on Repair Cost Analysis

• The purpose of repair estimates
• How to use a repair estimator

2. The Exterior

• Identifying the curb appeal of your home and surrounding homes
• Repair or replace the roof of your home
• Scaling your budget for exterior fixes
• Assessing the masonry and paint repairs
• Pricing for new windows or repairing old ones
• Looking at the garage details
• Landscaping needs and where you should not spend
• Deck and pergola replacements and repairs
• Dealing with pools and septics

3. The Interior

• Enhancing the home using painting
• Working with flooring
• Pricing your kitchen for your market
• Updating bathrooms using size and contract work
• How changes to the structure of the home or walls can be priced
• Picking doors and trim work that fits the size of your home
• Working with foundations and basements

4. Mechanics

• Updating HVAC systems
• Accurately budget for plumbing and electrical
• Identifying costs to host demolition and price dumpsters
• What permits you need to excel
• How to not skimp and save when budgeting for staging

Conclusion

• Next steps in estimating your repair costs