Anson has had to estimate rehab costs a lot in his career, so he has a pretty good handle on what does (and doesn’t) work. But, when you’re starting as a new real estate investor, you may not know what goes into estimating rehab costs, creating a scope of work, or even who to ask to answer questions.

Thankfully, you have 3 different methods to choose from that will help you estimate your rehab costs. You could do this by using one, or a few, trusted general contractors to walk the house with you, using a square footage estimate, or trying the breakdown method. The most important thing is for you to have as much data as possible on your property, so you know exactly how much it will cost to rehab and how much you can sell (or appraise) it for!

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00:00 Intro
01:38 The Thing About Estimating...
02:47 More Data = Accurate Estimations
04:20 Part 1: Get Expert Help
08:26 Part 2: The Square Footage Estimate
10:51 Part 3: The Breakdown Method
13:06 Pro Tip: Do a Contractor Walkthrough
14:16 Action Steps