Home Buying in Tampa>Question Details

Shiela Z., Other/Just Looking in New Port Richey, FL

How much does it cost to fix a home with chinese drywall and what is the complete process? Does the work require a special permit or license?

Asked by Shiela Z., New Port Richey, FL Tue Mar 19, 2013

Just looking for possible investment opportunities in real estate market.

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4
Lisa Reeves’ answer
Fixing a home with toxic drywall requires full remediation with a licensed contractor that understands the regulations necessary to correct the issues. First would require environmental studies to determine how much toxic drywall is present. The federal guidelines require that you fix the following:

• Problem Drywall
• Fire safety devices
• Electrical distribution components
• Gas service piping and fire suppression sprinkler systems

The HVAC system will also have to be reviewed and most likely components replaced. Then you would need all of this signed off as being completed to standards with permits. It would require a significant discount on the property for you to make money on this. The liability may also be an issue should health issues arise from buyers of your homes that you have rehabbed and flipped.
0 votes Thank Flag Link Tue Mar 19, 2013
Also if the A/C and electrical system needs to be replaced you need to factor that in as well.
0 votes Thank Flag Link Tue Mar 19, 2013
Depending on the size of the house, it may estimate between $30 to $40K.
Again, it depends on the size. It would need permit and would advise you to get a license contractor.
0 votes Thank Flag Link Tue Mar 19, 2013
This may be a good place to start: http://www.remodeling.hw.net/2013/costvsvalue/national.aspx

Secondary options, contact a local dry wall supplier, give them the sqft of your home and they can give you an estimate on supplies.

Contact some of their vedors and get an estimate on labor.

Then estimate what it will cost to have everything in your home placed in storage for a week and then re-set up after the painters finish.

Oh yeah, contact a local paint supply shop and get an estimate on paint and labor and if you have any trim that will need replaced, contact a local trim carpenter and get an estimate on the trim.

Best of Luck
Web Reference: http://www.GetSoldOKC.com
0 votes Thank Flag Link Tue Mar 19, 2013
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