Flipping Houses – Estimating Repairs
Estimating repairs when flipping houses can be a real challenge. Baltimore Real estate investor Steve Cook explains what he typically spends on a kitchen for an average rehab to flip, as well as his thoughts on granite counter tops.
I agree. In my last kitchen remodel I spent more than 5k on the cabinets and trim. $1,100.00 For flooring material. $1,000.00 just for the appliances. $3,000.00 for the Granite. The total was about $14,000.00. and I don’t have a contractor. I do everything (plumbing, gas, electrical) myself.
You have to understand, not every home will warrant a repair like this….
On my most recent flip, we spent $500 or so on the kitchen remodel, most of the stuff was in decent condition and just needed some reworking.
Steve Cook is da real deal
3-5k on a kitchen remodel? The most important room of the house?! What are you updating? a trailer?
Steve Cook is the real deal…