OfflineI know there is no one answer to this question, but I was wandering what is a reasonable time one should expect to complete a project. Im thinking normal and regular items on and in a "fixer upper." If the home is a one story 2-3 beds 1-2 baths, mayber 1100-1500 sq ft. Also assuming the crew is reliable and good.
Thanks in advance for any helpful words.
CCROAD
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90 days from closing to selling the property. 60 days for the rehab and 30 on market.
Michael Mangham
MD Home Acquisitions LLC
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Great question.
Knowing how long a rehab project will take will really help you on determining an offer amount.
Here is my estimation that I use when making offers. If you stick with these 5 cosmetic items, the rehab project should only take a crew of 3 to 4 people about 2 to 3 weeks to complete.
- Painting
- Carpeting / Flooring (Tile, Laminate, wood flooring)
- Light Fixtures
- Kitchens / Bathroom (not complete remodeling, just updating and cleaning)
- Electrical (Light switches and electrical plugs only)
Doing these 5 basic cosmetic fixes will increase the value of your property, and won't take you long at all to get finished. Hope this helps.
Happy Investing!