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 Costs (Fix-and-Flip, 2)

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 Shelf Title: The Book on Estimating Rehab Costs Authors: J. Scott 8 Dimensions of Wellness: Financial Take-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

This is the second book I've bought written by the author (the other being his book on house flipping). It's excellent for what you might call a "serious beginner" because it's detailed, yet it's understandable and not overwhelming. The book is in a very good format that includes narrative as well as corresponding tables for the multiple components of a house (e.g., plumbing, sheetrock, roofing) to help estimate prices, and the author always gives a good overview of what these components are for, which is a big plus for someone with not a lot of construction experience. For instance, when discussing roofs, he breaks down that there are three parts of a roof (sheathing, underlayment, shingles), and then explains the purpose of each of these parts; After the basics of "how a roof works," he explains the options for these components (i.e., for shingles can do asphalt, wood, metal, tile, etc.,) and what the corresponding price range would be for each type. Being that all houses are different in levels of repair, labor and material costs vary by part of the country and quality of materials used, etc., it's impossible to have exact costs for each type of repair until you actually start the rehab. However, so long as you do your homework, this book gives an excellent basis for how to estimate rehab costs accurately enough so that you know what you're getting into and won't be blindsided by huge surprises.

The first book I got, it was received with the cover page bent. I returned it and got a replacement. A little bit of a hassle but not terrible. The book was an easy read and just straight facts, no fluff! Good book for new real estate investors

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

Very good book packed with experience ! It’s one guy’s experience about rehab but it allows you to accelerate 100x learning curve about what will cost you money and what won’t. Some things could be improved, i will add this for the author for the next version : for example separating houses from appartments (book mostly covers houses). I’m thinking that buying in a big building also has its particularlies about what you can and cannot do. Both considerations would be useful. Would have been great to have metric conversions and euro conversions also. Maybe next release ! In all cases you can buy the book with closed eyes it’s packed with learnings that will save you money.

It's not worthit it for other countries outside of usa

good