How Much Does it Cost to Fix up a House?

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  • เผยแพร่เมื่อ 5 ต.ค. 2024
  • I get a lot of questions about how much to pay for a rehab. You can find a full article on the subject here: investfourmore...
    I also did a video on how much it costs just to repair a kitchen here: • How Much Does it Cost ...
    You can find much more information on how to flip houses in my book Fix and Flip Your Way to Financial Freedom. The book goes over all the details on how to find, finance, repair, and sell house flips. It is available as an audiobook, paperback, or eBook on Amazon here: amzn.to/2Bi8v0O
    You can see a video on how long it takes to repair a house here: • How Long Does it Take ...
    I am a house flipper with 19 active flips at the moment. I spend a lot of time with contractors and budgeting for repairs. This video gives an idea of what I pay for a rehab on one of my houses. The costs can vary greatly based on the contractor you use and where you are located. The more subcontractors you use, usually the cheaper the rehab is. If you use a general contractor the costs can really increase because they will charge a premium to manage the project.
    There are some contractors who are super expensive because they know homeowners do not know what repairs should cost. You have to take your time finding contractors and comparing prices to find affordable, but reliable companies. You usually do not want the cheapest when hiring contractors, but it is tough to make any money if you go with the expensive contractors.
    Here is another article on how to find a great contractor. investfourmore...
    Here is the after video of the home! • Tiny 3 Bedroom Fix and...
    If you are interested in learning more about real estate investing I have multiple books on Amazon. amzn.to/2NOOqsl

ความคิดเห็น • 1K

  • @investfourmore
    @investfourmore  2 ปีที่แล้ว +1

    Here is an updated video for 2022 on repair costs th-cam.com/video/5bLePcMRlHE/w-d-xo.html

  • @armandoalcantara497
    @armandoalcantara497 6 ปีที่แล้ว +289

    People like you should be the ones with millions of subscribers. Your content actually improves people knowledge.

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +7

      Thank you!!

    • @ccl3361
      @ccl3361 5 ปีที่แล้ว +1

      He didn't teach you the market trend. You have to know it before buying a house for flipping.

    • @KINGDOMKONCEPT
      @KINGDOMKONCEPT 5 ปีที่แล้ว +5

      You’re absolutely right however people are more attracted to stupid stuff.

    • @saywhaat8933
      @saywhaat8933 5 ปีที่แล้ว

      Thank you

    • @gfy2979
      @gfy2979 5 ปีที่แล้ว

      Yeah right this guy is a scammer. That home is a rip off probly has termites.

  • @DietTimboSlice
    @DietTimboSlice 5 ปีที่แล้ว +238

    This is a million dollar house in California.

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +10

      Yup in some parts

    • @genalee5211
      @genalee5211 5 ปีที่แล้ว +1

      Randy Sanders 😳

    • @Morgothlord47
      @Morgothlord47 5 ปีที่แล้ว +20

      2 million in vancouver... REAL ESTATE SUCKS!

    • @Morgothlord47
      @Morgothlord47 5 ปีที่แล้ว +2

      I mean that in location.

    • @1q2w3e4r59
      @1q2w3e4r59 5 ปีที่แล้ว +5

      3.2 million in Waikiki 😩

  • @wave7707
    @wave7707 7 ปีที่แล้ว +411

    materials are cheap, it's always the labor that drive up the cost

    • @gratefuldude941
      @gratefuldude941 6 ปีที่แล้ว +36

      Not true. Material is typically more than labor for a job like this, especially if you're replacing a lot of shit. Examples: siding, roofing shingles, carpet, cabinets, windows, doors.

    • @fm15243
      @fm15243 6 ปีที่แล้ว +13

      Grateful Dude a job like this he mentioned alot..windows yah but flooring is labour costs bra nobody is crawling on the floor for cheep labour yah feel?

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +54

      Usually, materials are cheaper than labor. We save a lot on materials and are very economical.

    • @gerardjones7881
      @gerardjones7881 6 ปีที่แล้ว +49

      Grateful Dude
      You have never met a payroll.
      A metal roof for my garage was quoted at nearly 2k.
      Did it myself, $500.

    • @steverone7623
      @steverone7623 6 ปีที่แล้ว +1

      We're paying $3.87 for a 2"x4"x8'
      Dumpsters 700-1000

  • @f3nomeleven434
    @f3nomeleven434 7 ปีที่แล้ว +135

    Please do more videos just like this. Very realistic.

  • @deborahelliott8460
    @deborahelliott8460 5 ปีที่แล้ว +4

    a full remodel of a bathroom can run about 5K. That is gutting it, and putting in all new walls, installing the shower pipes and head, any tile or backsplash, new flooring, new toilet, new sink (vanity) shelves and towel rack, mirror and lights. this would also include trim work.

    • @phillyvoodoo
      @phillyvoodoo 5 ปีที่แล้ว

      That's a good start price, but here in Philly it's only a start.... It rarely stays that low

  • @MsMesem
    @MsMesem 5 ปีที่แล้ว +9

    The bath and vanity were just fine, good quality needing only a good clean. Can also get cast iron baths resurfaced. This one is perfect for shower above as flat base.

  • @kimberlyhughes6548
    @kimberlyhughes6548 5 ปีที่แล้ว +12

    Brought a tear to my eye. This is my parent's home right down to the placement of the electrical outlets! Thank you for sharing the cost info.

  • @kobiakobia2712
    @kobiakobia2712 4 ปีที่แล้ว +2

    Americans surprise me with how open they are with information and how ready and willingly they share it. One of the beautiful things about American culture.

  • @boba5559
    @boba5559 2 ปีที่แล้ว +6

    Loved this walkthrough and breakdown! I definitely understand the difference in pricing when it comes to location but still great to see how you estimate for your area.
    It's been about 5 years since you made this one so is it possible to do a similar video just like this to compare post-COVID prices based on current market?
    Thanks for all the great information you've shared in this and other videos!

  • @puppyalvin
    @puppyalvin 7 ปีที่แล้ว +132

    we just bought our first flip...wish us luck, We plan to do a lot of the contracting work except the electrian and plumbing

    • @investfourmore
      @investfourmore  7 ปีที่แล้ว +23

      Good luck, if you want to scale you will need to let go of doing the work yourself at some point.

    • @theomegawerty
      @theomegawerty 6 ปีที่แล้ว +6

      Puppy Alvin electrician and plumbing is very expensive you should do as much as you possibly can but yourselves watch a bunch of TH-cam videos and ask for advice from people you know running Romex and retrofitting old pipes to pex lines is mich easier than you might think. Save the electrical and plumbing prices for only what is absolutely necessary

    • @BigdaddiZ
      @BigdaddiZ 6 ปีที่แล้ว +9

      Just ask yourself how much is your time worth? If you can pay someone $12 an hour to do a job rather than do it yourself then you probably should. If you want to do work yourself learn how to do the high dollar per hour work, and outsource the little stuff.

    • @vincentfusco6204
      @vincentfusco6204 6 ปีที่แล้ว +7

      Zach Hodge hire out the work to a pro for $12 and hr?
      There’s no way I would ever be the guy in charge at that rate cause you’re too stupid to to know how!
      I’d tell you to go scratch your ass.
      I have to bust my ass so the dumb ass can make a killing? How about you get up off your ass and learn all the trades like I did.

    • @brianv.5686
      @brianv.5686 5 ปีที่แล้ว +17

      Very true for us that have experience, but for this person who just bought their first home to flip, doing their own work will help understand the process so they can hire others in the future.

  • @avaalexander7722
    @avaalexander7722 6 ปีที่แล้ว +54

    This was excellent!! Adding up the low end of his cost estimates came to about $37,700 assuming he was going to do the roof. And he didn't include any outside landscaping, fencing, porch, or driveway issues there might be. Or inside window framing. And that's without adding on the $5000 or so for miscellaneous extras. So, about $45K.

    • @nisey7653
      @nisey7653 5 ปีที่แล้ว +2

      Thanks for that

  • @KimJoyceMusic
    @KimJoyceMusic 4 ปีที่แล้ว +5

    I added up about $52k adding new systems, took a guess on doors, looked on line and figured you may add a new front and back door in, couple interiors and closets. Now this is all with out that $5k cushion you like to give and also not including the basement and yard work :)

    • @HappyPenguin75034
      @HappyPenguin75034 ปีที่แล้ว +1

      $52k!! That house could be built for that. I have to go see the actuals now.

    • @KimJoyceMusic
      @KimJoyceMusic ปีที่แล้ว

      @@HappyPenguin75034 yeah man, you could build a whole house for that lol!

  • @thefilipinojoe
    @thefilipinojoe 5 ปีที่แล้ว +18

    It would cost significantly less if you hired two full time handymen who have the skills to do everything.

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +3

      Not much less in Colorado. Labor is expensive

    • @lanesoe5
      @lanesoe5 4 ปีที่แล้ว

      How

    • @ivyhernandez2526
      @ivyhernandez2526 4 ปีที่แล้ว

      It would take them to long to get all that done

  • @Slingersbullseye
    @Slingersbullseye 5 ปีที่แล้ว +7

    Usually water damage any form ie mold or flood or plumbing and structure damage from termites and or dry rot and could be a nightmare for a flip, make sure to check for these issues and other costly issues, if it's clear of these issues and other costly problems and the neighborhood is undergoing some form of rehabilitation should be a decent flip for your money/a quick flip is best, ones that need some TLC and most work you can DIY is best way to go.

  • @evilbilla
    @evilbilla 6 ปีที่แล้ว +38

    If you know how to put in Windows home depot has em for like 50$ ea I know I replaced 4 Windows upstairs and 3 down and I even got a deal and it only cost me like 300$ after 9 cent on the dollar tax too. I put them in had them checked by an inspector who said I should come do his for him his wife would let me lol. I suggest if you buy a home learn how to replace things like flooring Windows carpet tiles cubboards cabinets sinks even some fixtures and plumbing. As for asbestos it's illegal in my state it has to be removed. Any home built a specific date gut the walls have it pressure washed and professional clean up. You def will save if you can do work yourself.

    • @okde1875
      @okde1875 6 ปีที่แล้ว +3

      50 dollars each window ? Which state is that in ? Where i live they cost 200 dls.each

    • @lorensolares6277
      @lorensolares6277 5 ปีที่แล้ว +1

      They’re like at least 200 here in Houston lol aluminum or vinyl

    • @davegordon6943
      @davegordon6943 5 ปีที่แล้ว

      Very cheap windows

  • @jimmyday9536
    @jimmyday9536 5 ปีที่แล้ว +2

    Don't forget carrying costs. Property taxes, insurance, utilities, interest on your money you have invested. Also, the exterior shingles are actually cement asbestos, a trace amount of asbestos to hold them together.

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว

      Yes, those are included when I do my flip videos. This is just a repair video

  • @tedspens
    @tedspens 6 ปีที่แล้ว +4

    Thank you for sharing your insight. I've been doing home repair and remodeling my whole life and thinking about getting into house flipping. I'd be doing most of the work myself, with helpers, but still good to know what it would cost to contract it out. This information is priceless.

  • @antoniotiberi3157
    @antoniotiberi3157 5 ปีที่แล้ว +2

    In Delaware you can’t put siding over asbestos without disclosing it and then you have to put enough money in escrow to remove it if the buyers don’t want it.

  • @z77z77
    @z77z77 6 ปีที่แล้ว +12

    Mark.. U picked the right house for the topic.. Every thing needs updating.. 😁

  • @dedalliance1
    @dedalliance1 7 ปีที่แล้ว +3

    I think another thing to add that would be helpful to most people is, How long would it or does it typically take to renovate a house of this size / work load? Obviously it depends on your contractors / who ever is doing the work, how many hours they can get in per day and materials being ordered and weather conditions. But, time is money, so I think it's still a good idea to get a number in peoples heads of how long it could take.

    • @investfourmore
      @investfourmore  7 ปีที่แล้ว +1

      Here is some info but that is a good idea. That one took a couple of months. investfourmore.com/2014/05/06/long-take-fix-flip-home/

  • @deaconisabitch9264
    @deaconisabitch9264 5 ปีที่แล้ว +4

    I have a house that was built by my great grandparents. It’s been in the family for years and years, and over the years, it’s had a lot of changes made to it, stuff started getting old and no good anymore. We don’t own any other house, property’s, apartments or anything so, we would have to rebuild the whole place from the inside out, while still living inside. Now, what I wanna know is if it’s possible, if it’s worth it, or if we’re better off selling the property and starting over. It’s 2 houses connected by a long porch, with an apartment complex in the center. Both houses are 2 floors 4-5 bedrooms each, 3 bathrooms in total, and about 5 rooms for storage in the attic. It’s a beautiful home, and means the world to me, so I wanna know if I should save my money, and invest it into the place to get it back to mint condition (if possible) id love to get feedback on this, thank you for reading! ;)

    • @janjISMYname
      @janjISMYname 4 ปีที่แล้ว +3

      Deacon Is A Bitch - Restore it. Take your time (IF possible), do as much of the work yourself and save $.

  • @ThatJesusMusic
    @ThatJesusMusic 7 ปีที่แล้ว +95

    Thank you for this! This is the most helpful & realistic video on remodeling that I've seen in my life. I'm actually in the process of reading your book now. I plan to become an agent for a year or 2 then start doing investment flips to rent & whatnot that you're doing now.

    • @investfourmore
      @investfourmore  7 ปีที่แล้ว +4

      Thank you!

    • @sherrymojica8792
      @sherrymojica8792 7 ปีที่แล้ว

      ThatJesusMusic

    • @jacekskowron1728
      @jacekskowron1728 6 ปีที่แล้ว +2

      to remodel a bathroom like hi sayed will cost minimum 5,000$
      Can you explain how you can do all of that material and labor for 1,500$ like hi sayed.?????

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +7

      Home Depot materials, work hard to find contractors that are affordable.

    • @Sequel7
      @Sequel7 6 ปีที่แล้ว

      cool you should really just save and knocked it down and start over, but i can see you want to make it really liveable

  • @Zhonguoria
    @Zhonguoria 5 ปีที่แล้ว +11

    If it costs you $100,000 to fix your house, your neighborhood better be worth $1,000,000.

  • @bomber86100
    @bomber86100 5 ปีที่แล้ว +1

    1200 sqft house built in the 70s. 18k for siding and roof. 10k for new windows. 3k for living room total gut 5k for three bedrooms and hallway total gut. So far 36k investment and still have kitchen two bathrooms and the basement to finish. Stuff adds up fast.

  • @tatjanabaker3521
    @tatjanabaker3521 5 ปีที่แล้ว +8

    Excellent video. Thank you for being so forthright with your wisdom. This video just provided great solutions to a couple projects that I hope I’m not in over my head. SAVED! Thanks so much. More power to you and yours.

  • @juliousdavis8105
    @juliousdavis8105 6 ปีที่แล้ว +3

    I do this for a living. The highest cost is labor and that is kinda of unpredictable what that may be. However materials can be estimated usually before buying home. If a person can do majority of work at high end level, then normally a person can't lose as long as house was bought at good price. The problem with DYI homeowners is this. More times than not home owners try doing the work but the quality is so bad that next owner will probably just tear it out if it isn't on par with what they expect even though there actually may be no problems with the materials themselves. For instances on a $250k new construction forclosure I did. The house was probably 80% finished but got repoed before finishing. They laid this extremely expensive exotic hard wood floors through out whole house ($35k for materials). Their cuts were super tight which probably looked good at the time but no climate control was going in house for a long time after repo. They put it all tight against wall when normally you want 1/2" gap minimum around all walls. People don't realize this or they plain think it's not true but it's actually more dramatic than you would ever think. Wood will expand and shrink depending on tempature and humidity. So the particular house I'm talking about, they laid the floor in the winter when the wood had shrunken to its smallest size. Then no a/c or heat for two years after repo. So in summer time when I looked at property, the entire floor had buckled and ruined and warped all the hardwood floor. Not because the hardwood flooring was bad but because a DYI homeowner thought he could do it and installed it totally wrong. As I said before it was probably even georgous after they installed. They had good cuts but it was way too tight and like dummies they actually put glue in spots in middle of floor. It's fine to do in certain areas but a hardwood floor or laminate floor needs to be able to float and move. Seriously I've seen floors that will expand up to 2" over the span of a bigger room. That's why I try to go 1/2" to 3/4" away from wall framing when added with opposing wall would give 1"-1 1/2" to move around. As long as the drywall is lifted off the floor like it is suppose to, trim will cover any gap which is perfectly normal. So if we automatically get a 1/2" from framing to drywall and then bump out a additional 1/4" we're right there at our 3/4" with trim easily covering gap by close to a 1/2". If it's a monster room, I will sometimes even go 1" on my walls with longest run. Trim is normally 5/8-1" thick (sometimes more if custom). You just got be careful because if you make too big of gap, trim won't cover it. Some people will just put corner round down when that happens but sometimes that looks shoddy depending on design. Maybe one day I create a website / business to help home owners not make these kinds of mistakes. They pay small fee and I give advise how to get the best finished product and show them tricks of the trade no contractor will tell them. By the way I have a college degree and about 20 years of hands on experience. Not only do I know the correct way to install things, I know the scientific reasons behind why we install materials certain ways. The problem with DYI homeowners is they think they can watch a video on TH-cam and all the sudden their a expert. Their is just some things they should leave to the professionals. I'm not trying to dog dyi people because that's actually how I first got started in this line of work. Another major mistake DYI people do is rehabbing the wrong things on the house which won't increase the price. I've seen homeowners drop $30k on a certain renovation just to get the exact same price they would have got had they done nothing. Sometimes I think homeowners do projects out of boredom more than it actually needing the work. In my opinion bathrooms, kitchens, flooring, decks and additional buildings like garage or barn are the biggest money makers. Those are some of the things that may be the difference between selling their house at the price they want or not. Now just because you redo your kitchen doesn't necessarily mean the new owner will like it. If it's a investment property I always try to go with something kinda of neutral just in case the design of the house ever changes.

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +1

      I agree with all of that. I never do the work myself.

  • @richardtucker5686
    @richardtucker5686 5 ปีที่แล้ว +2

    asbestos siding can be repaired with concrete siding, 100.00 box of 20 at home depot

  • @jayc4715
    @jayc4715 6 ปีที่แล้ว +19

    Im scared of the asbestos..led paint..aluminum electrical wiring and old plumbing

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +4

      The asbestos won't hurt you if you don't mess with it, but always check with local laws and ordinances for all that.

    • @mikewhite9818
      @mikewhite9818 5 ปีที่แล้ว +3

      jay c If you fear those things do not flip. Plumbing is easy. Electrical not hard. Asbestos just paint over or cover up. What I do on a ceiling is drywall over. Tv blows all that way out of proportion with men in space suits.

    • @Queondacutpodcast
      @Queondacutpodcast 4 ปีที่แล้ว

      @@mikewhite9818 nice

    • @Notarobot310
      @Notarobot310 4 ปีที่แล้ว

      @@investfourmore you being misleading with that statement about asbestos, 2 reasons, First it hurts the resale value due to disclosure statement that this product is present, second if as you had done, replace windows and doors. Dust from this product will be released into the face and exposed skin of the installer. Another reason asbestos is so dangerous is potential of fire, not only are the residents subsequently effected but also the neighborhoods. Abatement is the only path and typically adding 10K to your cost on a a home of this size. BTW materials are higher than labor cost on most trades in the industry. Other than that, good video, keep it up.
      Another note, I also am a house flipper and have hundreds of from the breaking ground up construction of new homes.

  • @barryclark1613
    @barryclark1613 6 ปีที่แล้ว +16

    Not disputing prices for repairs but seriously your going to replace that door for one hole I had four worst than that had a contractor gave me an estimate 300,00 a door I took them all down other than paint I've got 5,00 materials and time which was about hour a door

  • @Jra16-o6t
    @Jra16-o6t 7 ปีที่แล้ว +2

    Thanks for this! Looking at buying a house that needs work and it’s so nice to finally see it put into perspective.

  • @Oak-zs4il
    @Oak-zs4il 4 ปีที่แล้ว +5

    30k is sounds really cheap wish it was like that in California 🤷‍♂️

    • @Aoendkth-nv7au
      @Aoendkth-nv7au 3 ปีที่แล้ว

      Right I would rather buy this flip it as vs. Buying a car for 99,000 dollars

  • @mattd2503
    @mattd2503 4 ปีที่แล้ว +1

    $1,500-$2,000.. to redo the bath w/a new tub vanity and tile.. where are located?.. up here in the north east we use to charge $3,500-$4,000 to put in a tub.. now it’s down to $2,000…I hope your contractors are qualified... Same old story people with a lot of money want it done for dirt cheap... you’ll get what you pay for...

  • @WealthbuilderzTV
    @WealthbuilderzTV 6 ปีที่แล้ว +85

    “19 flips at once” NICE!!

  • @johntaylor9755
    @johntaylor9755 3 ปีที่แล้ว +1

    another great one: one comment, one "free" idea hehe... 1. Your rundown of prices, extent of repair, possible repairs is great. You certainly cover a lot of trades, and I think either in your Buying a House book, or in videos you DO NOT recommend getting a GC to oversee and perform the work due to high $$$. That's all fine - what I think would be interesting is to hear you run down exactly what/how many contractors you actually used? And was there any overlap on work? Then 2. my free idea... maybe it's already in another video I just haven't seen. You often mention most of your items coming from Home Depot (or wherever) - six pack lights, new doors, windows, carpet etc. I think it would be interesting to watch you "walk-thru" HD and comment on materials or what you gravitate to. I note this also coz in the past you have also mentioned that you are basically "the designer," or at least give final approval on all fixture selections/colors/materials etc... Again, I want to get to the point where I see things more through your eyes. I have a feeling I will walk HD someday and think... hmmm, Mark would never splurge for that, this one looks good enough... no need to "go crazy" haha. Thanks again, I wonder how long it will take me to even get halfway through all your videos wow, ha. I caught one of your very early ones and I will say, your maturity is a benefit - more direct, authoritative, clear etc. Anyway, thanks!

  • @elmyra.jackson
    @elmyra.jackson 6 ปีที่แล้ว +6

    This house may be a lot of work but looks sound and well built!! A corner lot makes it more desirable!! I'd love to see the after!👍

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +2

      Check out the links in the description to see the after

    • @elmyra.jackson
      @elmyra.jackson 6 ปีที่แล้ว +1

      Mark Ferguson - InvestFourMore Thanks for answering so quickly!👍

    • @eddenoy321
      @eddenoy321 6 ปีที่แล้ว +2

      Miss Elmyra Yes the corner lot gives an open field of view on two sides for those who are interested in drive-bys.

  • @moewilson4605
    @moewilson4605 6 ปีที่แล้ว +2

    Not sure why I am so fascinated watching these videos. My husband and I do own two rental properties, and can do a little of the work ourselves, but really rely on contractors because we are not professionals and have time constraints as we both work full time. Living in Canada flipping would be much more expensive and the tax man penalizes flippers. Just love watching your flips.

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +2

      Thank you! Flipping is taxed as ordinary income in the US so it is not amazing here tax wise either.

  • @2DownTailUp
    @2DownTailUp 4 ปีที่แล้ว +3

    Loved the video. I’m thinking about buying a fixer upper in a great location to live in. But I don’t want to get in over my head so I’m trying to get a realistic estimate of predicted pricing to fix it up. This was very helpful.

  • @CoxHometownInvestmentsLLC
    @CoxHometownInvestmentsLLC 2 ปีที่แล้ว +1

    Can you do another video on how much it costs to fix up a house today and the major changes that you’ve seen over the past 5 years

  • @windygorge1
    @windygorge1 6 ปีที่แล้ว +2

    by the way, i love you getting in there and coaching us regardless of different market area. thanks

  • @davidgriggs4875
    @davidgriggs4875 5 ปีที่แล้ว +6

    Instead of removing the paneling, just shoot texture on it.

    • @supertriz
      @supertriz 5 ปีที่แล้ว +1

      David Griggs gotta redo the electrical, so it has to come off anyway...

  • @patillinganna
    @patillinganna 5 ปีที่แล้ว +2

    Nice video..👌
    It’s always better to 1) select materials of your own choice 2) take labour service only (ofcourse take some recommendations from labour)
    This way you can save more than 35%
    We recently renovated our 2BHK house (complete renovation) in £12K (4 thousand pounds labour + 8 thousands pounds for all materials including all furnitures and all interiors) 🏡👍
    Kitchen takes major chunk of investment..
    Do some research on your own n get your home dream come true..
    I will post before and after videos which will give you fair idea 💡 so stay tuned ..

  • @vanscoyoc
    @vanscoyoc 5 ปีที่แล้ว +85

    Looks like sub humans lived there. They do exist. Being poor doesn't mean you can't take the trash out and clean up after yourself. That is just basic work. No cost, just sweat.

    • @JohnDoe-jt9oq
      @JohnDoe-jt9oq 5 ปีที่แล้ว +17

      If you don't have anything nice to say, don't say anything at all. I learned that in kindergarten.

    • @ExtraordinaryLiving
      @ExtraordinaryLiving 5 ปีที่แล้ว +12

      A bit judgemental here, aren't you?!?! You don't know the circumstance of the previous owner based on the content in this vid.
      Thanks to the trashy condition left behind, this guy probably had one more element to help him negotiate the home price down.

  • @bg147
    @bg147 7 ปีที่แล้ว +1

    I like the old, exhaust fan in the kitchen ceiling.

  • @ShiningSakura
    @ShiningSakura 6 ปีที่แล้ว +4

    hope you kept most of the doors, those are vintage all wood doors! Those are worth alot!

  • @Chanhee
    @Chanhee 6 ปีที่แล้ว +2

    Where I’m from that’d sell for like 40k at most when it’s renovated

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว

      I believe it every market is different

    • @Chanhee
      @Chanhee 6 ปีที่แล้ว

      Mark Ferguson - InvestFourMore
      Lmao that’s why I said “where I’m from”

  • @edhorsegolfer4784
    @edhorsegolfer4784 6 ปีที่แล้ว +12

    About 30k. I would go in with 2 men and gut all the walls and carpet and ceiling. you need the dumpster dumped and returned. I would need all your specs on bathroom and kitchen equipment to move plumbing and electrical while I rewire it. In the end I would be there about 4 weeks maybe 5 and put 12 or 15k in my pocket after my labor costs expecting you to buy materials except what I can get delivered wholesale. I would actually live there during the project. A guy like you is just what I need.

    • @artemwashere6103
      @artemwashere6103 5 ปีที่แล้ว

      walter mccue I’ll need a guy like you soon !

    • @realhouseguest
      @realhouseguest 4 ปีที่แล้ว

      Where do you flip?

  • @corastory4817
    @corastory4817 6 ปีที่แล้ว +1

    Really helpful for brand new pricing - making me really optimistic since we're getting a lot of used appliances and repurposed hardware

  • @jurnagin
    @jurnagin 5 ปีที่แล้ว +2

    do it all yourself! materials are expensive so shop at discount supply stores

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +2

      Your time is worth money and if you don't know what your doing you could be doing more harm than good.

  • @TheWillyD
    @TheWillyD 3 ปีที่แล้ว +1

    Fun fact…. The plant/company that makes those windows is like 10 miles from my home town…CRAZY 🤣

    • @investfourmore
      @investfourmore  3 ปีที่แล้ว +1

      Jeldwin?

    • @TheWillyD
      @TheWillyD 2 ปีที่แล้ว

      @@investfourmore yessir… I just thought it was crazy 😬😬

  • @MasterOfSparks
    @MasterOfSparks 5 ปีที่แล้ว +5

    I feel SOOO much better about the work I'm doing getting my house ready for sale. All I gotta do is carpet and paint and fix a few odds and ends like some loose railings.

  • @Magnum_Wolf
    @Magnum_Wolf 6 ปีที่แล้ว +1

    That's WAY freakin cheaper than I thought. I want to renovate the house I'm living in, and it's a little bigger than the house you showed, and I thought it'd be over $100,000. I know you said the price varies between contractors, but this still calmed me WAY down. And we have tools and equipment to help lower the cost as well. Thank you

  • @propertyservices1
    @propertyservices1 5 ปีที่แล้ว +6

    Great info. Those are very accurate #'s.

  • @Everythinggutter
    @Everythinggutter 4 ปีที่แล้ว +1

    Thinking about starting to flip homes myself, maybe start posting some of the vids. The gutters look great👍

  • @technojunkie213
    @technojunkie213 6 ปีที่แล้ว +4

    You should show before and after.

  • @eltonamorim205
    @eltonamorim205 6 ปีที่แล้ว

    widows $ 2,500
    dumpster $ 500
    siding repair $300
    exterior paint $2,500
    roof replacement $5,000
    trash clean out $1,000
    hardwood floors refinish $1,500
    interior paint $2,000
    trims $1,500
    new drywall $5,000
    new eletric wiring $4,500
    new interior doors $600
    new vanity $300
    new plumbing replacement $4,500
    new kitchen and appliances $7000
    new hwh $800
    tile work $500
    new A/C $2,000
    extra $3500 for finishes
    total $44,000

  • @loulout9185
    @loulout9185 6 ปีที่แล้ว +5

    Thank you so much for this great video ! It’s very inspiring and informative

  • @BJNeyer
    @BJNeyer 6 ปีที่แล้ว +1

    Asbestos siding isn't made of asbestos it is made of concrete, with asbestos reinforcing fiber. It is also non-fractal so you can't release the asbestos accept if you grind it all down to a powder. In addition there is very little asbestos fiber in the shingle.

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว

      From what I have heard it is tough to be harmed by asbestos in houses. I am by no means an expert though.

    • @BJNeyer
      @BJNeyer 6 ปีที่แล้ว

      If it is lose blown in, or applied mixed with a glue so it stuck to surfaces, now that can be problematic, and you have to do remediation. I've seen that in houses, however, what I saw as remediation drew a "REALLY" from me. They simply sprayed a clear lacquer on it then broke it lose and stuffed it in garbage bags.

  • @jimfocus3128
    @jimfocus3128 4 ปีที่แล้ว +6

    Location, location, location, location, location, they will never tell you that location is basically the house.,

  • @tanya8116
    @tanya8116 5 ปีที่แล้ว +2

    Thanks for the information. It's helpful to get some ball park estimates.

  • @garyteague9555
    @garyteague9555 5 ปีที่แล้ว +3

    paint the asbestos siding ! that stuff holds paint for years

  • @sieve5
    @sieve5 6 ปีที่แล้ว +1

    Great video man, I just bought my first house (foreclosure). Got it for 9k, and the neighborhood is pretty good for what I got the house for, so I got a big win on that one!
    This video helped me figure out how much it will be to fix it all the way up. Expecting I'll be all in for about 30-40k. It's only 850 sq feet so I'm hoping it's on the lower end.

    • @weeeeeeee945
      @weeeeeeee945 5 ปีที่แล้ว

      Good luck, how did everything come along??

    • @alwayswell6119
      @alwayswell6119 2 ปีที่แล้ว

      Hi, where did you see the house advertised originally? How was the process?

  • @LoveConquersAll888
    @LoveConquersAll888 7 ปีที่แล้ว +8

    Excellent content thanks. Keep the videos coming

  • @califdad4
    @califdad4 5 ปีที่แล้ว +1

    my late Aunt and Uncles home had that siding, and some years back, we were getting lots of sales people calling for vinyl siding , and my aunt just started to tell them you don't want to do this house, it has Asbestos siding and they usually hung up LOL

  • @andrealewis1700
    @andrealewis1700 7 ปีที่แล้ว +4

    Thank you for the video I am really trying to learn as much as I can. Please post more when you have the time and also if it's not disrespectful to ask how much was the house

    • @investfourmore
      @investfourmore  7 ปีที่แล้ว

      I bought that house for about $100,000

  • @jrfergus65
    @jrfergus65 4 ปีที่แล้ว +1

    Farming all of the work out is a slippery slope. But I understand the concept.

  • @mayoutoobid
    @mayoutoobid 4 ปีที่แล้ว +4

    Only $2500 for bathroom renovation? including new tub, toilet, sink + installation?

    • @investfourmore
      @investfourmore  4 ปีที่แล้ว

      Things are getting more expensive now.

    • @jessebaker5350
      @jessebaker5350 4 ปีที่แล้ว

      There’s no way

    • @janjISMYname
      @janjISMYname 4 ปีที่แล้ว

      We renovated our entire bathroom for less. Had the tub resurfaced, this guy was outstanding, from that old ugly aquamarine-green to white which looked like a new tub. Got a new vanity discounted because the granite top had a discolored line on one side. The whole bathroom was around 1500. Budget queen who also does some of the labor myself.

  • @migapena6576
    @migapena6576 4 ปีที่แล้ว

    WOW! Love this house the way it looks like now!

  • @KUBBI7488
    @KUBBI7488 7 ปีที่แล้ว +17

    you got reasonable contractors !!!!!!!!

    • @user-dx7gh8qi4o
      @user-dx7gh8qi4o 6 ปีที่แล้ว +5

      For real, 4 or 6K for a whole house rewiring job? For real? Try 10 to 20,000 dollars here in Virginia. I am not kidding, lol. All contractors are sky high here.

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +4

      I could easily pay that much if I did not shop around.

  • @MegaAli213
    @MegaAli213 7 ปีที่แล้ว +1

    Awesome video, bro thanks for the watch. Just subscribed. After closing my small home delivery transportation company, I'm looking to do something new. I travel a lot, mostly southeast Asia, my wife family home, Malaysia, where the real estate is very affordable, and selling a buying is relatively easy. As a veteran, I'm fortunate to have a network already in place that I could depend on, if I chose to get into house flipping.

  • @shvedas
    @shvedas 6 ปีที่แล้ว +3

    Damn, I completely renovated my balcony for just 270$. But that's in Russia. Crazy prices you have there!

  • @skytrip5273
    @skytrip5273 ปีที่แล้ว +2

    The estimate on the bathroom is a bit low. I just finished a bathroom that size for $7000.00

  • @omarkaya42
    @omarkaya42 5 ปีที่แล้ว +5

    Y'all are monsters!! Gettin' after it! Would love to know what you bought and sold this beast for.

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +2

      $100,000 and $195,000 or $200,000

  • @IFollowAfter
    @IFollowAfter 5 ปีที่แล้ว +2

    Why do many flippers change all windows? I have done several rehabs and sold them and never changed all windows. I have changed a few bad sashes but never all windows. Thanks ahead of time for your response.

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +1

      It is a big deal here with Colorado temperatures. Are you in a warmer climate?

  • @rwl6935
    @rwl6935 6 ปีที่แล้ว +4

    Mark, how do you acquire these homes... foreclosures, tax sales, auctions?
    I have a home improvement business and was thinking about getting into flips.
    Thanks!

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +3

      investfourmore.com/2017/10/12/podcast-122-getting-great-deals-investment-properties/

  • @victorvek5227
    @victorvek5227 4 ปีที่แล้ว +1

    Can’t imagine getting wood floors refinished and an entire house interior painted for less than $5000 in NJ. The title should say “in X”... these numbers are fantasy for most of us

    • @investfourmore
      @investfourmore  4 ปีที่แล้ว +1

      Really? That is crazy expensive. I am in Colorado

    • @Kevin-sm8pn
      @Kevin-sm8pn 3 ปีที่แล้ว

      Different places have different prices, hon. You can't expect things to cost the same all over the world, lol. Use your brain, hon.

  • @animewatch4213
    @animewatch4213 5 ปีที่แล้ว +9

    2000 to paint that? that sound like a rip off.

    • @amilli092
      @amilli092 4 ปีที่แล้ว

      you can do it yourself for more than $2000. $500 to paint and waste the materials doing a hack job and another $4000 for someone else to go after you and fix your shit and repaint

    • @aeromedical6750
      @aeromedical6750 4 ปีที่แล้ว

      @Anime watch - you ever painted the outside of a home? It requires way more prep work than inside and the paint itself is more expensive. 2K is a bargain to get this done by a decent painter.

    • @amilli092
      @amilli092 4 ปีที่แล้ว +1

      @@aeromedical6750 this channel caters to the clowns that dont appreciate the tradework and think anyone can do construction. yeah right lol. spend your money diy and then spend more money hiring a professional to do it right

  • @jaynecobb3701
    @jaynecobb3701 24 วันที่ผ่านมา

    14:17 That is an old Federal Pacific panel. Those are dangerous and need to be replaced. The breakers do not work.

  • @supbabe7203
    @supbabe7203 5 ปีที่แล้ว +2

    God, how do people leave homes like that...

  • @sync3680
    @sync3680 4 ปีที่แล้ว +1

    Good explanation about it.

  • @utah133
    @utah133 5 ปีที่แล้ว +3

    It can be endless if you live in it.

  • @Mike_ICP
    @Mike_ICP 4 ปีที่แล้ว +2

    Nice little project

    • @investfourmore
      @investfourmore  4 ปีที่แล้ว

      Thanks!

    • @Aoendkth-nv7au
      @Aoendkth-nv7au 3 ปีที่แล้ว

      I want a project like this … now this would be a good hobby

  • @BWitch08
    @BWitch08 4 ปีที่แล้ว +3

    What’s the best method to finding quality investor friendly General contractors ?

    • @investfourmore
      @investfourmore  4 ปีที่แล้ว +2

      investfourmore.com/find-contractor/

  • @Lambert7785
    @Lambert7785 10 หลายเดือนก่อน +1

    a good reminder, thanks

  • @MONEYBAGS603
    @MONEYBAGS603 5 ปีที่แล้ว +3

    Dont forget electrical, i seen underground outlets so add cost of rewiring the house

  • @pskarts20
    @pskarts20 6 ปีที่แล้ว +1

    I wouldn't buy stuff at Home Depot you can get much better deals a mom and pop owned cabinet and window places. I got a mahogany door for 150 had to replace the glass for 40 but it looks fantastic.

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว

      After our discounts and using the right programs it is cheaper to use Home Depot in most cases

    • @pskarts20
      @pskarts20 6 ปีที่แล้ว +1

      Mark Ferguson - InvestFourMore Oh cool.

  • @lezamac6
    @lezamac6 5 ปีที่แล้ว +3

    hey do you have a video on how you got started in flipping houses? like i know a lot of family members in plumbing and construction so i can get cheaper labor but how to get money for buying a house in aweful condition? thanks man

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +1

      www.amazon.com/gp/product/1517318084/ref=dbs_a_def_rwt_bibl_vppi_i1

  • @jonathangatto
    @jonathangatto 5 ปีที่แล้ว

    You can get the tile restored for like 1800 for the whole bathroom and it would look awesome

  • @chrisclarke548
    @chrisclarke548 5 ปีที่แล้ว +1

    Friends don’t let friends buy cabinets from Home Depot. CUstom Service Hardware, ask for Chris.

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +1

      Friends shouldn't let friends spam on TH-cam

  • @granjmy
    @granjmy 6 ปีที่แล้ว +1

    That is a gorgeous lot!!! Look at all that yard!

  • @JazmyneDrakeford
    @JazmyneDrakeford 6 ปีที่แล้ว +11

    When you're estimating these prices, are you talking about hiring people to do this? Because some of this could be done yourself cheaper, like repainting, pulling up carpet, etc and done well if you are handy and have an eye for detail cus some of these numbers dont sound right

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +16

      Yes, I hire people to do everything. Sure you could save a little money doing it yourself, but your time is worth money. I have much more productive things I can do with my time.

    • @warriorloyal3621
      @warriorloyal3621 6 ปีที่แล้ว +3

      Jazmyne Drakeford and at 19 properties a time my much more realistic to hire someone else while you look for more investments

    • @josephailport9787
      @josephailport9787 6 ปีที่แล้ว +1

      19 remodels he is hiring.

    • @wfdrum
      @wfdrum 6 ปีที่แล้ว +1

      Jazmyne drakeford is totally right she knows what she's.......o wait who's the one with 19 flips making tons of money? Not jazmyne! He's doing something right!!! Now shut your mouth and learn woman!!!!!

  • @rene6351
    @rene6351 4 ปีที่แล้ว

    The best video I’ve seen so far! Thank you so much for this information. Do the same on a bigger house 🙏🏼

  • @dialac1
    @dialac1 5 ปีที่แล้ว +2

    Instantly subscribed!

  • @endlessunivese9350
    @endlessunivese9350 5 ปีที่แล้ว +5

    3 workers included i can count his prices

  • @califdad4
    @califdad4 4 ปีที่แล้ว +1

    I just don't like up and down opening windows, Like I said before , I had trouble with those not the side to side opening windows

  • @CorinnaAtHome
    @CorinnaAtHome 6 ปีที่แล้ว +17

    My bathroom remodel was wayyyyyy more than 2k :(

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว +26

      It is very easy to spend more. Harder to spend less

    • @fm15243
      @fm15243 6 ปีที่แล้ว +1

      Mark Ferguson - InvestFourMore especially when you put in a granite floor...

    • @Affordablebath_remodel
      @Affordablebath_remodel 6 ปีที่แล้ว +1

      2-3k for material covers alot. a good week in labor if you can do the work yourself. 5k or more if you pay someone

    • @derrickjohnson9692
      @derrickjohnson9692 6 ปีที่แล้ว

      Steve Varga the price will be different every job.

    • @rlinton123
      @rlinton123 5 ปีที่แล้ว

      I thought he was a bit low in the bathroom estimate also.

  • @kennethhedden1846
    @kennethhedden1846 5 ปีที่แล้ว

    Just take some bondo to the siding and carve a few wiggly lines in it before it sets.

  • @richcreager7877
    @richcreager7877 5 ปีที่แล้ว +11

    $1500-$2000 for bathroom? Lol That's way off even doing it yourself

    • @investfourmore
      @investfourmore  5 ปีที่แล้ว +4

      Not if you are economical about it

    • @prslespaul
      @prslespaul 5 ปีที่แล้ว

      I'm with Mark, that bathroom would be super cheap. I've done a dozen that size in that price range.

    • @Scott-by9ks
      @Scott-by9ks 5 ปีที่แล้ว +1

      This must not include the flooring, lighting, wiring or plumbing?

  • @brett76544
    @brett76544 6 ปีที่แล้ว +1

    as the home owner, you can remove the asbestos, now any contractor has to be licensed. that is from an asbestos inspector

    • @investfourmore
      @investfourmore  6 ปีที่แล้ว

      Doesn't it vary by state?

    • @brett76544
      @brett76544 6 ปีที่แล้ว

      Yes , but there is always the OSHA standard 1926.1101 to follow. So like you said, check with the state laws and sometimes the local. Around Syracuse NY there is a law for the water discharge from asbestos projects and is about the only local law I know of. OSHA 1926.1101 list the work practices for friable and non-friable materials and section K that requires the owner and the contractor to notify workers of a hazard. That covers the asbestos inspection, but also refers to follow the EPA AHERA for the testing. Then NESHAPS for EPA that covers commercial and 4 unit or more residential structures. So any where follow OSHA work practices and even some things in NESHAPS. Then some states like NY have some more things beyond the OSHA work practices to do. In PA the law is for training and licensing. So in PA it is follow OSHA, EPA and have fun. From working in NY for asbestos and enforcement in PA the two states are like night and day on asbestos. One thing about the siding, it is a Class II non-friable material, but by smashing it with hammers to remove it, changes the class to a Class I Friable material. With just removing an intact panel, no problem as a non-friable exterior job. I have sampled an entire block of houses for a large parking lot where over half of them had Asbestos in the plaster. Little to say it was a very expensive parking lot due to that. Most of the time with residential if you find asbestos it is in the kitchen, bathroom, heat ducts and roofing materials.
      I do like how you addressed the asbestos and lead paint. I was very impressed that they were addressed in the video, thank you. I have over 10 years working for an EPA lead licensed firm along as an asbestos inspector/project monitor. Then over 8 for enforcement for asbestos in PA.

  • @puppyalvin
    @puppyalvin 7 ปีที่แล้ว +5

    we added it and its around $32,000-$35,000....yikes!

    • @investfourmore
      @investfourmore  7 ปีที่แล้ว +5

      Thank you! I should do an update on this one, they just finished installing all new drywall.