How do I estimate the costs of renovating a fixer-upper property?
How do I estimate the costs of renovating a fixer-upper property?
Estimate renovation costs by assessing the scope of work and obtaining quotes from contractors. Factor in materials, permits, and contingency funds for unexpected expenses. Research the property’s after-repair value (ARV) to ensure the investment aligns with market conditions. A home inspection can identify major structural issues that might increase costs.