Estimating Rehab Costs Like a Pro
Discover how to estimate rehab costs like a pro so that you know exactly how much it is going to cost to fix up your next house. Here is the AFTER video
- Home
- Real Estate
- Estimating Rehab Costs Like a Pro
Related Posts
Local Expertise: Mastering Closings Like a Pro 📚🏡 #realestate #investing #realestateinvestingtips
how to achieve your goals faster…
2025 = family airbnb business!
The HIGHEST CONVERTING Lead Gen Ads for Realtors (Proven Strategy Revealed)
How to Start a #Business #shorts
Avoid Closing Failures: Real Estate Secrets You Must Know #realestate #realestatesuccess #investing
3 KEYS TO WINNING IN 2025- Kevin Ray Ward
Managing airbnbs while on vacation #realestate #airbnb
Mano Kamgang
Such a nice and comfortable house. Great location, the lake view is just amazing, I mean will be when the trees and bushes ruining the view are cut down. The owner must have been a very motivated seller. That mess was just insane, good thing they finally took the time to sit down and reflect on their life and where they are going with it which landed you a great deal I guess? I hope you can clean the place and make the best out of this property. Anyways, great video as always, I really like learning about creative real estate through your videos : )
Dave
As usual Phil, great video filled with substantial knowledge. My wife and wanted to do the mentor program but the terms were too costly in the long run for our situation.
Awesome video Phil. I really enjoy watching your videos because the are very informative and no BS! You shoot straight from the hip and thats what I like about you. You say things in a way where it all makes sense.
I could see the absolute potential of the property while going through the property. Also btw, it was very enlightening that you pointer out that determining the end game of the property, as well as the neighborhood and other factors should determine the level of quality of the materials and amount of work needed to factor in the rehab.
Thanks for the great tips on how to get through this. Right now I am in the information gathering process of Real Estate investing. You provide really great, practical advice on how to and why you do things. Much appreciated.
Great video. Not sure if this home had a garage door but it is a good to idea to take a look at
that. Also I like to check the attic for leaks, insulation (or lack thereof) and any possible rodent infestations.
This video has been immensely helpful. Thank you so much for taking the time to make it! These kind of on-site videos are the especially informative. YOU SHOULD MAKE MORE OF THESE! 🙂
+Luke Bambrick It cost around $3,000 in production fees from the camera people. That’s why every video does look this good 🙂
+Phil Pustejovsky oh my goodness. That’s crazy! I never cease to feel more indebted to you for these vids! 😉 keep up the awesome work, Phil.
Thank you Phil for the excellent tips when doing a home inspection. I’m new to real estate investing, and estimating the repair costs was one of my concerns when deciding whether a home is worth the time and effort, or if it might result in a disappointing loss of money in the long run. I’ll be viewing your other helpful videos as well. Steve.
Phil your videos are amazing I can’t stop watching them I’ve learned so much already i haven’t brought anything yet but i feel i can make a more informed decision when i finally get to that step so thank you
Please do more of these. This was amazingly helpful!
Hello Phil, very nice video. Perhaps you have already done that but just in case you haven’t I think that it would be interesting to see a similar due diligence analysis video in case of commercial real estate, like multi family homes etc.
agreed
Phil, this was a great video. Simple, but thorough. Like you said throughout the video, it’s all on whether you are renting or selling. Having your experiences kind of makes a person feel more in “control”, with a methodology for their estimate.
Phil I love your approach to real estate rehabs. you make it simple and take the stress out of the process.
Now this is smart, and can be done easy enough. I learned a great deal with this video on how to look at homes and what to do. Definitely worth my time to seek out more homes like this one. I saw a home near me that had a trashed barn that needed to be completely gutted, trashed up to the waist in trash bags, fire barrel was full, house was a double wide with the septic totally cracked, and it needed a lot of new stuff. They wanted 65K for it but with all that was wrong (to include the carpet, etc) I will wait till it comes via tax sale before paying that much.
Nicely done. I like seeing you walk through the process and calling it out as you go. That’s really helpful for visual people like me.
I wish I had your videos years ago when I studied with Carlton Scheetz, Alan (whoever), and all the others. When I watch your videos, you are hands on, real life. You’re simply the best.
Thanks Phil, very helpful. Any thoughts on using a head-mounted Go-Pro on an initial inspection? The idea here is to keep hands free when taking notes. Back in the office, the video can later be paused, zoomed and reviewed on your computer (with a contractor) as many times as needed. I might rethink using a Go-Pro when being shown a property by a seller as it could be a little intimidating…however, this may be a good tool to use with vacant property.
“Forgiveness is easier than permission” I just recently found this channel but already love this guy. Also, never apologize, instead ask for hard but just punishment.
I am learning so much from your videos and this one is PACKED with so many useful info. Thanks for the knowledge Phil and keep doing such an amazing job!
I’ve found that when I’m estimating rehab costs, I look up the items (windows, flooring, kitchen appliances, etc.) at one of the big box stores website, and then multiply those numbers by 3 times. It gets me close to the actual cost. For instance, say it costs $250 for a double-hung window, I would budget $750 to replace the window. 2 gallons of paint costs $70 and will paint a small bedroom, I would budget $210 to paint the room. Some projects will cost a little more, and some will cost a little less, but they will average out pretty close. It’s also a good idea to add 20% for contingencies too, for unexpected costs.