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Investing Strategies

Here's the Easy Way to Estimate Repairs (Without Involving a General Contractor) - Part 2

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moneyHi Moguls, Lex Levinrad back again with my follow-up lesson about estimating repairs.

In Part 1, I provided an overview of how to estimate repair costs by understanding the material costs as well as the labor costs. And I gave some solid reasons why you really don’t need a general contractor for this kind of stuff.

So today’s lesson is going to pick back up in more detail – with specific examples and dollar amounts regarding rehab material costs.

Let’s dive in to Part 2…

Start at the Bottom: Floor Tile

Basic ceramic floor tile can be as cheap as $0.69 cents per square foot. But it can also cost as much as $10 per square foot.

If you are fixing up an expensive property, then you would want high quality tile… or you might even decide to use marble. But, for your average starter home that would make a good fix and flip or…


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