Ever walked into a potential flip and felt that nagging uncertainty about the total renovation tab? You're not alone. Most new investors lowball costs, watch budgets balloon, and see profits evaporate. But with The Book on Estimating Rehab Costs, second edition, you get the insider's playbook to price every job right from the start.
J Scott, a veteran fix-and-flipper, pulls from his own 100+ projects to lay out a step-by-step system. It's not theory—it's the exact method he's used to consistently hit timelines and margins. You'll learn to inspect properties like a pro, spotting issues from sneaky mold to termite damage before they surprise you.
Break down the top 25 renovation components, assign realistic prices to 150+ tasks, and decide which upgrades—like kitchen overhauls or bathroom refreshes—deliver the best value. No contractor experience needed; just follow the tips to create a scope of work that contractors bid on accurately.
Picture this: You're eyeing a dated rancher in a hot neighborhood. You flip open the book, run through the inspection checklist, tally cosmetic paint and flooring jobs at $15K, add $20K for the kitchen gut, and spot the roof needs $10K. Total: $65K budget, with room for surprises. Bid it out, close the deal, and flip it for $100K profit in 90 days.
Or scale up to multi-family rehabs—the principles hold. This guide answers your burning questions: How much for new HVAC? What's a fair price for drywall? When does adding a bedroom pay off? All with updated 2019 costs and values to keep you current.
Grab this handbook before your next walkthrough. It's the difference between winging it and winning big in fix-and-flip investing. Your future self—and your bank account—will thank you.
