This was a great list and really to-the-point on how much everything will cost you, but worthwhile in the long run! Even though the kitchen is usually the "selling point" of a house, a good bathroom(s) is what sells it for me 😅 great stuff Scott!
Knowing what the costs are before going in can save you headaches later on. Great guide bro! I'll definitely have to come back to this video when I buy my first flip/rental
What a great video Scott, breaking down major costs to remodel a home completely and the estimated costs. 🙂 The costs of fixing Sewer system and remodeling kitchen is insane.
outstanding breakdown. i know all the words you spoke but having it so carefully walked through was awesome... even years later... updated version would be cool (bidenflation)
This is so helpful! We've been trying to estimate costs for the house we just bought. Great video Scott, thank you for sharing all your experience and insights :)
This is very helpful. We’re looking to buy, but most things in our price range are fixers in need of major systems renovations (in addition to all the cosmetic stuff). Trying to figure out how to budget for that when buying has been stressful. Your video reassured me that I probably haven’t overlooked a major budget item. Between inflation since this video was posted, higher costs in our area, permitting and sustainability requirements for our city and state, and our own preferences for certain upgrades, I suspect we’re looking at another $100k or so on top of what you broke down.
Great breakdown. One thing people should also make sure to include is the cost for removals (dumpster and trash removals as well as any permits that are required to make these changes).
Dang, it costs a house to remodel a house lol Definitely helps to think about all of these when deciding how I went to eventually enter real estate. Thanks for sharing Scott. I LOVE that you spent all of the time going in on these numbers. I can see how much work you put in this and I appreciate it!
Hmmm great video topic! Plus with current events I know the costs have risen for new construction homes but its becasue of cost of materials. Bet this extends to home improvement as well! Love the tour too. Great content!!
Great video Scott! As someone who is looking to get into real estate within the next 1-2 years as an investment, I really appreciate the breakdown of all the different costs, since the whole thing is a little over my head right now haha! Keep it up man!
I appreciate that and I'm glad that this was helpful! The process can be intimidating at first but you've got this! Let me know if there is anything I can do to help.
Good tip to do the mechanical stuff while the walls are open. Up in Canada it rains so much so people need to change their roofs more often. Cool record collection you have there. I like the white color scheme too. Nice and clean. Crazy how quick all these costs add up. Great video man!
Thanks Adam! I didn't think about the impact the rain in Canada would have on the roof systems. And that record collection has been growing slowly for years! Every time I visit an antique store I buy another one or two.
I need to replace an HVAC before summer hits... not looking forward to that hit. Informative video as always sir. $120k is a lot but as you know, it's not actually that bad if your going bargain hunting on the housing market. You're either going to pay the $120k in renovations or on the purchase price if its been done. At least this way it can be to your standards and style you know will sell.
Yep that's exactly right RJ... its either you buy it knowing it needs gutted or you pay a premium because somebody else has done all of the hard work. Sorry to hear you've got that big cap ex coming soon... but the good news is that you won't have anything to worry about for a while once it's replaced!
How accurate would these pricing be for 2023. Also on the trim replacement is that including any crown molding or just baseboards? I am currently starting a flip and I am not sure if the prices I am given are correct. Besides multiple quotes any other recommendations? Thanks a lot for this great video.
The example house you used is actually the same as my rental house 😂 things are slightly more expensive in New Jersey but everything still seemed about right, I find that a lot of different contractors in my state vary in price and the time it takes to finish the job. does Arizona have that same problem where you have to shop around different people?
Ha that's perfect, I was hoping this example would apply to a lot of people and investors! I definitely interview 2-3 contractors for all of my bigger jobs. And when they know you are shopping, they tend to be more aggressive with their pricing!
paint is tricky because spraying everything one color is one thing if you want two tone and have it done it gets 10-20k doesn't it? We will need it done before we move in. My grandparents house needs ceiling repair and redo work ugh... and we live in another state. Need it done for us before we can move in :( my other thought is wood prices are up which may change this a lot.
roof replacement for 8K ?!?!?! omg.. would love that... Im from Iceland.. for your size house, it would be approximately 46k USD .. just to change the roof---- so.. sewers around 25k pipes around 25k elec. wires 30k so .. around 40k USD in US the same job would be around 120-150k usd in Icealand.. :(
I keep telling my wife that it’s gonna cost 100k to remodel our house but she thinks I’m playin 😭😭 like why would I play about spending 100k.. and that’s with me doing the flooring, landscaping and new concrete driveway by myself 😭😭 somebody say a prayer for me lol
Very complete breakdown. I noticed quite a bit of cost variation on certain items between where you are and here in the midwest. Just as an example, you couldn’t trim a 1600 sq ft home here, even using cheap MDF, for double what you quoted. You must be using illegals, lol. Seriously though, I’m curious about having to trench through the house for new water and sewer. Aren’t the foundation slabs prestressed concrete and cabled due to the soli conditions present in AZ. How does that work?
You take too long to get to the expenses associated with renovations, you should get right to it rather than listening to yourself speak for the first few minutes of this video.
@@Real.Estate.Report I watch a lot of TH-cam and used to work in TV, you just have to get to the point quicker, otherwise your lighting and audio are good, best of luck.
![เปิดใจ “ต้นหอม ศกุนตลา” หลังโดนพาดพิงธุรกิจที่เคยทำ และผลกระทบทำถูกปลดฟ้าผ่า! | แฉ 24 ต.ค.67 [2/3]](http://i.ytimg.com/vi/vCi5OIqlxaE/mqdefault.jpg)
I hope this helps you estimate costs for your next home remodel!
This was a great list and really to-the-point on how much everything will cost you, but worthwhile in the long run! Even though the kitchen is usually the "selling point" of a house, a good bathroom(s) is what sells it for me 😅 great stuff Scott!
Hey everyone has their preferences! The bathroom, especially the master bathroom is important! I appreciate you watching!
You summed it all up really well. Would show this video to anyone who is new to real estate!
Thanks!
Knowing what the costs are before going in can save you headaches later on. Great guide bro! I'll definitely have to come back to this video when I buy my first flip/rental
For sure! Let me know when the time comes and I'd be happy to help with any questions you have!
What a great video Scott, breaking down major costs to remodel a home completely and the estimated costs. 🙂 The costs of fixing Sewer system and remodeling kitchen is insane.
Yes those are big ticket items for sure! The kitchen you at least to enjoy... the sewer system well, that's a little more "behind the scenes" haha
This is awesome u broke it down so well it will help and be a guide for those looking to do it in the near future 😀
outstanding breakdown. i know all the words you spoke but having it so carefully walked through was awesome... even years later... updated version would be cool (bidenflation)
You are so amazing, clearly shown that you’re a real subject matter expert ✨🥳🎉 Have a good weekend buddy ✨🙏🏼
I really appreciate that! Have a good weekend!
Great info man! Seeming all of those cost really puts everything in perspective. Happy new year bro!
Happy new year! I'm glad you enjoyed the video and breakdown on the costs!
Great breakdown of the costs man! Love the straightforwardness of this!
This is really helpful! Thanks for these pro tips 👍 I'm going to bookmark this video for when I do my master bath this year.
Awesome! Good luck on your remodel and let me know if there is anything I can do to help!
This is so helpful! We've been trying to estimate costs for the house we just bought. Great video Scott, thank you for sharing all your experience and insights :)
That is awesome! Congrats on your new home, let me know if you guys have any addition questions!
This is very helpful. We’re looking to buy, but most things in our price range are fixers in need of major systems renovations (in addition to all the cosmetic stuff). Trying to figure out how to budget for that when buying has been stressful. Your video reassured me that I probably haven’t overlooked a major budget item. Between inflation since this video was posted, higher costs in our area, permitting and sustainability requirements for our city and state, and our own preferences for certain upgrades, I suspect we’re looking at another $100k or so on top of what you broke down.
No matter what it almost seems like reno's go over budget! Thanks for the guidelines Scott!
That's for sure! I've never had one come in under budget!
This is such a timely video for us! Trying to decide whether to buy a new home or buying an old home and remodeling.
I’m glad it was timely for you guys! There are pros and cons to both options. Remodeling an old home can definitely test a couple’s patience LOL
Great breakdown. One thing people should also make sure to include is the cost for removals (dumpster and trash removals as well as any permits that are required to make these changes).
Very good point, those costs can easily add up to a few thousand more if you are doing a full renovation!
Dang, it costs a house to remodel a house lol Definitely helps to think about all of these when deciding how I went to eventually enter real estate. Thanks for sharing Scott. I LOVE that you spent all of the time going in on these numbers. I can see how much work you put in this and I appreciate it!
I appreciate the kind words Jessie! And yes this one took a bit longer to run around with the camera and get different angles but it was super fun!
I was guessing the numbers before you said them as I was watching. Loved this video, great job!
That is awesome! Curious to hear if the numbers are similar in your region?
Loved it bro
What's up my fellow desert dweller! Wow the sewer system repair sucks. So do you put everything on a spreadsheet and work it out from there?
Hey! Yep I live by spreadsheets when it comes to analyzing and underwriting deals!
Super cool. I am super young but want to get into real estate as soon as possible!
Start when you’re young, you will not regret it trust me!
Great breakdown of everything that's involved in this Scott! Easy watch and so informative! 💪
Thanks for watching!
Excellent job man, no beating around the bush, just a direct breakdown Loved it! Thanks so much for sharing that! 🙏🏻 Keep up the good work!
Hmmm great video topic! Plus with current events I know the costs have risen for new construction homes but its becasue of cost of materials. Bet this extends to home improvement as well! Love the tour too. Great content!!
Thank you! It's true prices have been driven up to crazy levels lately. It's so expensive to remodel or build new, and hard to find talented workers!
Great video of giving us estimate on home repairs. It was really helpful
Great tips brother I love it rehabs makes a bigger check but most come with a headache for sure.
Oh yeah lots of headaches along the way but worth it in the end!
That’s a really helpful video, thanks for putting all of those details together. And can’t wait to see your landscape job when it’s finished!
This is an incredible breakdown. I am looking into entering the house flipping gig and these videos are very helpful
I'm glad it helped you out! Please let me know if there is anything I can do to help as you ramp up in the house flipping business!
What about gutters, down spout, exterior paint, concrete, etc?
Great video Scott! As someone who is looking to get into real estate within the next 1-2 years as an investment, I really appreciate the breakdown of all the different costs, since the whole thing is a little over my head right now haha! Keep it up man!
I appreciate that and I'm glad that this was helpful! The process can be intimidating at first but you've got this! Let me know if there is anything I can do to help.
That was very useful, I will know where to find it when I need it next time thanks for sharing.
Glad to hear it! Let me know any way I can help!
@@Real.Estate.Report Nice to hear, I will keep that in mind.
Really interesting insight here! Nice video, liked and subbed!
Awesome, thank you!
This video is really helpful. Real estate investing takes a lot of money, but it’s definitely worth it.
Yes it is Tim! Thanks for watching!
Great video, I wanted to know what it would be like to redo some of these items. Will keep this in mind!
Glad it was helpful and best wishes on your remodel
Good tip to do the mechanical stuff while the walls are open. Up in Canada it rains so much so people need to change their roofs more often. Cool record collection you have there. I like the white color scheme too. Nice and clean. Crazy how quick all these costs add up. Great video man!
Thanks Adam! I didn't think about the impact the rain in Canada would have on the roof systems. And that record collection has been growing slowly for years! Every time I visit an antique store I buy another one or two.
@@Real.Estate.Report That's a fun thing to collect! #nostalgia
For sure.. I’m an old soul I guess haha!
I need to replace an HVAC before summer hits... not looking forward to that hit. Informative video as always sir. $120k is a lot but as you know, it's not actually that bad if your going bargain hunting on the housing market. You're either going to pay the $120k in renovations or on the purchase price if its been done. At least this way it can be to your standards and style you know will sell.
Yep that's exactly right RJ... its either you buy it knowing it needs gutted or you pay a premium because somebody else has done all of the hard work. Sorry to hear you've got that big cap ex coming soon... but the good news is that you won't have anything to worry about for a while once it's replaced!
great vid Scott! you gave us the run down on this one! 😁😁
Great breakdown Scott! 👊🏾🔥💯
Thank you!
@@Real.Estate.Report No problem!
Very detail break down. Very informative. Every dollar count. 👍
Every dollar counts, and every dollar adds up!
Great video, thanks for the upload!!
Thank you for watching!
Super helpful and timely for me because I recently closed on my house/rental property. Thanks Scott!
Glad it was helpful! And congrats on the purchase of your rental property, that's awesome!
@@Real.Estate.Report thank you brother
Great content. Thanks!
Glad you liked it!
How accurate would these pricing be for 2023. Also on the trim replacement is that including any crown molding or just baseboards? I am currently starting a flip and I am not sure if the prices I am given are correct. Besides multiple quotes any other recommendations? Thanks a lot for this great video.
The example house you used is actually the same as my rental house 😂 things are slightly more expensive in New Jersey but everything still seemed about right, I find that a lot of different contractors in my state vary in price and the time it takes to finish the job. does Arizona have that same problem where you have to shop around different people?
Ha that's perfect, I was hoping this example would apply to a lot of people and investors! I definitely interview 2-3 contractors for all of my bigger jobs. And when they know you are shopping, they tend to be more aggressive with their pricing!
paint is tricky because spraying everything one color is one thing if you want two tone and have it done it gets 10-20k doesn't it? We will need it done before we move in. My grandparents house needs ceiling repair and redo work ugh... and we live in another state. Need it done for us before we can move in :( my other thought is wood prices are up which may change this a lot.
Great video and great information. liked and subbed!
Awesome, thank you!
Also depends on if you're a slumlord :)
Not sure what you mean by that!
Great video man. New sub here
roof replacement for 8K ?!?!?! omg.. would love that... Im from Iceland.. for your size house, it would be approximately 46k USD .. just to change the roof----
so.. sewers around 25k
pipes around 25k
elec. wires 30k
so .. around 40k USD in US
the same job would be around 120-150k usd in Icealand.. :(
Nice sharing. Friend here from the Philippines. God bless
I keep telling my wife that it’s gonna cost 100k to remodel our house but she thinks I’m playin 😭😭 like why would I play about spending 100k.. and that’s with me doing the flooring, landscaping and new concrete driveway by myself 😭😭 somebody say a prayer for me lol
you really were meant to be a teacher my friend!
That is very nice of you to say, thank you!
Useful info. Thanks!
Glad it was helpful!
Can you do an updated version with 2023 prices?
Remodeling is soooooooo expensive! wow
I know it's nearly twice as expensive as just a few years ago!
You were great ty Gby
Nice
Hi brother
Thank you for sharing
👍
Thanks for watching
Good
At 1:30 how did you do that !? 🤯
Do these prices include labor?
👌
Amazing video too bad those numbers aren’t today’s numbers! 😭
Triple all of the numbers he said to be closer to the actual cost.
Your costs sound to low.
Very complete breakdown. I noticed quite a bit of cost variation on certain items between where you are and here in the midwest. Just as an example, you couldn’t trim a 1600 sq ft home here, even using cheap MDF, for double what you quoted. You must be using illegals, lol. Seriously though, I’m curious about having to trench through the house for new water and sewer. Aren’t the foundation slabs prestressed concrete and cabled due to the soli conditions present in AZ. How does that work?
lol 2 years later its more like double everything
You take too long to get to the expenses associated with renovations, you should get right to it rather than listening to yourself speak for the first few minutes of this video.
@@devin5381 good feedback. This is one of my earliest videos. Was still getting the hang of things
@@Real.Estate.Report I watch a lot of TH-cam and used to work in TV, you just have to get to the point quicker, otherwise your lighting and audio are good, best of luck.
So 120k for remodeling and what was your price for that house ?