Posted by JT - IN on July 02, 2001 at 24:24:21:
My last rehab that I did was on an 850 sq ft home, that cost me $ 18K, and there were things that I didn’t do to it.
Now go back and re-read what this place needs; complete kitchen w/ appliances, 2 complete baths, ceilings throughout the house, basement steps.
A "Clean-out, full of junk; that alone could cost 2 grand!
In other words, it needs to be totally gutted! And then put a new house inside of it. Paint and carpet alone, on a 1769 sf house, could cost 6 to 7 grand, even with your $ 12 hr guys. (I just did a condo, interior only, paint & carpet, on 2000 sf, that cost me $ 7670, with $ 16 hr labor, but I don’t really call that a rehab, just Paint & Carpet).
When houses are in this delapidated state of disrepair, generally the mechanicals are shot. Try estimating a new HVAC, water heater, who knows what else. Needless to say, I think you are way off on this one. But here again, we are talking about such wide range of speculation, because neither you or i have seen this place, and know not what it needs, other than what is posted here.
Just the way that I view things…
JT - IN