The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All C

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Gives you a general idea of costs for different parts of an house/apartment.

This book condenses years of experience into one clear and concise guide, preventing every rehab newbie from making years of costly mistakes.For each component of 25 different types of work on a house, the author details the nature of the work and the statement of work line items that each type generates. Then he breaks out a discussion of "Cost Guidelines," "Determining Your Local Prices, " and "How To Pay for the Job." For an example of the intense level of detail given, in the "gutters/ soffit/ fascia" category, he breaks out $ estimates for cleaning gutters, replacing gutters, and replacing soffit or fascia, giving his reader costs per linear foot estimates for each type of gutter or soffit material- aluminum, steel, vinyl/ plastic, and copper/zinc, as appropriate. For cleaning gutters, he tells us the costs will depend on linear feet of gutters, the height and steepness of the roof, and whether downspouts need to be detached to be cleaned. If we know generally these three things, we should be able to get accurate, local head to head price bids. He goes on to warn NOT to use uninsured gutter cleaners because it can be a dangerous job, and that we are most likely to get the best pricing bundled with the roofing or siding contractors, if we are doing that kind of work on the house. He also comments that since this is a one day job (as opposed to one justifying a draw or a materials upfront payment) the contractor should be paid only once the job is completed. To a person experienced in housing construction, this all may be 'old hat,' but to a person new to home rehab, it is extremely valuable!This book pulls every aspect of repair cost estimation into manageable chunks so that none is overlooked or unaddressed in a detailed scope of work or budget. It addresses a very complex topic in the most thorough, detailed, and practical manner possible. Alerts to local costs (e.g., union labor in NY/NJ, building code variability by climate/weather circumstances) and seasonality are all over the place. This is a great book- highly recommended!

August's Book on the ShelfTitle: The Book on Estimating Rehab CostsAuthors: J. Scott8 Dimensions of Wellness: FinancialTake-aways: If you're looking to flip a house, or get into BRRRR (Google it), you need to have a basic knowledge of rehabbing. This book gives you that.You'll LOVE this book if: you're looking for a very tactical, practical guide to estimating rehab costs flips and BRRRR.DON'T read if: you have no interest in real estate.Reasons I love this book: I enjoy going from deep dives into the philosophical and psychological nature of humans, to more practical and tactical approaches to solving problems. This book is the latter.J. Scott, and the whole team at BiggerPockets.com, has a tremendous amount of experience in the field of real estate. as part of our family's plan to find financial fitness, we'd like to get into the arena. If you're also looking to use real estate to bolster your wealth, This book is a great way to understand the basics of estimating rehab costs.Scott does a fabulous job of making the information digestible, and breaking down the components in a way that is easy to reference later. since this is a long-term game, you'll be coming back to this book for years, and it is designed well for that.Find it on Amazon. Tell me when you buy it. Share your thoughts with me. Perhaps we'll start fixing up our financial wellness together.#bookclub #book #booklovers #financialwellness #bookontheshelf #bookreview #biggerpockets #rehab #brrrr #brrrrstrategy #jscott #financialfitness

It’s an interesting read with a lot of information