How to guestimate Rehab Cost by Percentage (Based on Square Footage)
1. Light Rehab Cosmetic updates only: Cleaning, Paint, Flooring, Minor Fixtures Estimated Cost: • $10 - $15 per sq. ft. • Approx. 5% - 8% of ARV 2. Medium Rehab Cosmetic updates plus: Full Kitchen, 2 Bathrooms, Doors, Trim, Lighting Estimated Cost: • $25 - $35 per sq. ft. • Approx. 10% - 15% of ARV 3. Full Gut or Major Rehab Everything from Medium Rehab PLUS: Roof, HVAC, Electrical, Plumbing, Structural Repairs Estimated Cost: •$40 - $60 per sq. ft. •Approx. 20% - 30% of ARV ☆ Quick Example: For a 1,500 sq. ft. house, here’s a fast estimate: Rehab Type Price Per Sq. Ft. Total Estimate Light Rehab $10 - $15 $15,000 - $22,500 Medium Rehab $25 - $35 $37,500 - $52,500 Full Rehab $40 - $60 $60,000 - $90,000 Notes: - Percentages are based on After Repair Value (ARV) for quick offer calculations. - Price per sq. ft. helps when ARV is unclear. - Always adjust for market conditions, location, and contractor pricing.