The property owner indicated aided by the home needed some cosmetic repairs estimated at $4000 and was to be able to sell for $50,000. Comps looked like the home may worth $106,000 after fixing. Good deal right? Let's begin running the numbers. The repairs reported by the owner were for materials only and were clearly concerning the low final part. When estimating repairs a good suggestion is estimate the materials then multiply by 3. That is, materials usually only represent 33% of this total repair costs Accounting and Bookkeeping Services Estimate Template labor represents 66%. Clearly this is merely a general rule of thumb and each one project differ significantly. Means you can eat the repairs for this property would run between $10,000 and $12,000. Getting seen the property myself, desires to give just a conservative rough estimate.
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