Where to get a good appraisal on total rehab - Posted by Mike M. (OH)
Posted by Mike M. (OH) on December 08, 1998 at 15:04:58:
I have a home that I am going back and forth making offers to a seller. It is 1700 sq ft, 4 bdrm, 2 ba, laundry, small partial basement, 8 rooms total. There are no houses in this area (even 2bdrms) listing for under $75k.
The house is totally gutted, needs elect, hvac, plumbing, possibly some roofing, etc etc. It is basically a shell. I offered $18k, he countered with $27k. It was listed at $44k and later lowered to $32.5k.
I’m trying to figure out the profit on the house by trying to figure out total costs to get this house fixed up. I’ve heard quick ROUGH estimates about $30/sqft for a ballpark figure. Where is the best place to go to get this estimated? I need a quick and dirty estimate (general contractor maybe?) so I can possibly get this contract signed and move forward. The owner is in Germany in the military (can you say MOTIVATED?). He won’t carry any financing.