Posted by Lonnie on May 04, 2000 at 20:33:22:
Hi Chuck,
I would get a price based on the job, rather than by the hour. And also a firm estimate on the completion date. It’s amazing how slow some people can work if paid by the hour. It’s pretty simple to figure what the material will cost, just figure what’s needed and check the prices in the store. Also, cost will vary according to whether you get the material, or your rehab man does. Have your rehab man explain how long each job will take, add the two together and you will have a pretty good estimate.
As for total cost, it will depend on how long it takes (the longer it takes, the more lot rent you pay, and longer your money is tied up.) Compare the time and cost against what you can sell for. I usually figure what I think a job will cost, and then add 25% for safety.
Good luck,
Lonnie
Need advise on a major rehab !! - Posted by Chuck-NY
Posted by Chuck-NY on May 04, 2000 at 19:31:46:
I have a MH dealer who wants to sell me a 1987 14 x 70 3/2
for $250.00. It is in need of major rehab. I am working
with a park whos repair guys moonlight working on their
own. I don’t have the time so I would have them do it.
I can get them to give me an estimate but my questions
are:
-
What do I need to be aware of when someone like that
gives me a rehab estimate??
-
Based on your experience what is the most you’ve
had to shell out for a major rehab??
Let me define my meaning of “major.”
Needs all new carpet, all new floors, bathtub, sink,
walls need to be repaired or replaced, some plumbing
work. Outside needs minor fixing.
If I could rehab this for $3,000 it would be worth
it but I’m no expert on repair estimates.
Would appreciate any & all advise.
Chuck