Gut Renovation Cost All Locations : Nationwide Real Estate Advice

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Dp2, Other/Just Looking in Virginia
Dp2 answered:
Is it normal to proceed into the contract phase of buying a property without all ... a gut renovation will be completed? ...
That depends on the reason for why you're buying. As an investor, I'll sometimes offer to buy a fully gutted property with the intent to hire contractors to take care of all ... more
0 votes Share Flag Sat Feb 13, 2010 Home Buying in 11216
Tean Wong, Real Estate Pro in Boston, MA
Tean Wong answered:
Does anyone know about what it will cost to completely gut and remodel a kitchen that is 10 by 20 feet. I a ...
In MA, even the home inspectors are not allow to give anyone an estimate. You need to find a license contractor to go in an get a real estimate. Many of them will give you a free estima ... more
0 votes Share Flag Thu Jan 24, 2013 Home Buying in Radnor
Mike B,  in Raritan, NJ
Mike B answered:
The benefits of a 203k loan
Here is some information I wrote on the benefits/parameters: ... more
0 votes Share Flag Sat Feb 6, 2010 Financing in New Jersey
Linda Ginex, Real Estate Pro in Newport Beach, CA
Linda Ginex answered:
We will be listing our Morningside home in the near future. Would replacing our Corian countertops with granite be wise financially?
They say buyers have come to expect granite when they view a remodel. However, sometimes corian fits the look better than granite. For instance, if your kitchen was french country- gr ... more
0 votes Share Flag Wed Mar 4, 2015 Remodel & Renovate in 30306
Anoir Redoua…,  in SoHo, New York, NY
Anoir Redouane answered:
I am looking for a townhouse or brownstone in the Harlem area. I have been pre-approval for $650,000. Is this still possible?.?
Hi Larry,

Yes!! There are 4 townhomes available in the Harlem area upto $700,000 (In the hope that they're negotiable.

Is your pre-approval for the loan amount or for the pur ... more
0 votes Share Flag Mon Jan 25, 2010 Home Buying in 10027
The Prud'hom…, Real Estate Pro in Hilton Head Island, SC
The Prud'homme Team answered:
Villas under $75,000 at Hilton Head Resort which seems to be walking distance to beach. Can anyone provide information & opinion on this resort?
Rick Saba in my office has a 3 bedroom short sale that is a great deal. You can look at it here - ... more
0 votes Share Flag Sun Aug 23, 2015 Home Buying in Hilton Head Island
Michael P Co…, Real Estate Pro in Philadelphia, PA
Michael P Cohen answered:
Looking to ballpark the cost of a gut/all systems rehab of a house in Center City. We plan to live in it. I ...
you should be able to do a nice reahab, for 50-60 per square foot. It depend on what you are looking for.
$75/ft if you go to the wood.
0 votes Share Flag Sun Jan 24, 2010 Remodel & Renovate in Philadelphia
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
I am already a h/onr and looking to invest in a property that needs a total gut rehab. My understan ...
I work with a firm that specializes in Rehab loans of all sorts.....Ardain Mortgage. The contact person is on my web site.

0 votes Share Flag Fri Dec 4, 2009 Home Buying in Chicago
www.BuyNapl…, Real Estate Pro in Naples, FL answered:
Is it possible to have a house gut renovation (2300 sf, 4 floors) with only $ 200-250 thousands? And can ...
Do you have a builder and a plan? $90/per sq. ft. is pretty do-able, if you're not specifying really designy stuff. But I'm in FL and you're in NY ... you need a lot mo ... more
0 votes Share Flag Fri Jan 8, 2010 Home Buying in 11215
Nunzio Zappo…, Real Estate Pro in Easthampton, MA
Nunzio Zappola answered:
Gut renovation for brick 2 family. Estimate????
First of all make sure your contractor is licensed and has insurance. I think his price is way to low. You should figure at least $200.00 per square foot . A complete renovation will in ... more
0 votes Share Flag Fri Jul 31, 2009 Remodel & Renovate in New York
David Zybin,  in Brooklyn, NY
David Zybin answered:
gut renovations, help!!
Factor about $100 per square foot.
0 votes Share Flag Thu Jul 30, 2009 Home Buying in Brooklyn
Luna99, Home Buyer in New York
Luna99 asked:
Gut renovation for brick 2 family. Estimate???? looking to buy a 2 family brick from the early 1900. i was told it will need a TOTAL GUT RENOVATIO ...
0 votes Share Flag Thu Jul 30, 2009 Remodel & Renovate in New York
Jeanine Stan…, Real Estate Pro in Fort Myers, FL
Jeanine Standing Bear answered:
bank wants 64,000 but the house has chinese drywall how much should i put a bid for it ?
Good Morning Jlane! That's a good question! Are you sure you want to bid on a house with Chinese Drywall? If you are set on this particular home, make sure that your offer is conting ... more
0 votes Share Flag Thu Feb 2, 2012 Home Buying in 33905
David Cruick…,  in Palatine, IL
David Cruickshank answered:
first time homebuyer would like to know how would i find a good broker and do i have to use brokers agent
I would be happy to help you and have experience with first time home buyers. Please read my blog about rate shopping which is linked to below which touches on some things that a good b ... more
0 votes Share Flag Thu May 7, 2009 Home Buying in Chicago
Christopher…, Real Estate Pro in Chicago, IL
Christopher Thomas answered:
FHA 203K
Dear Kevin,

In this particular economy, contractors should be willing to do whatever work is out there. Also there are plenty of contractors who've done 203K rehabs before and shoul ... more
0 votes Share Flag Sat Oct 5, 2013 Home Buying in Chicago
Lorna Furder…,  in Troy, OH
Lorna Furderer answered:
I am interested in a condo in the 45402 zip code for $94,000 it appraised for approximately $75,000....Do you?

are you working with an agent? If so, is that agent providing you with the statistics on the solds and the price per square foot average in that area? You seem to have a ... more
0 votes Share Flag Mon Jan 5, 2009 Home Buying in Dayton
Vicky Chrisn…, Real Estate Pro in Purcellvile, VA
Vicky Chrisner answered:
Foreclosure is being sold "as is" but certain repairs are needed in order for us to obtain mortgage - options?
Consider a renovation loan if you can find a good one. I know Bank of America has a good reno loan. A bank is highly unlikely to do that much in repairs. You can put in an offer... w ... more
0 votes Share Flag Sat Jun 6, 2009 Foreclosure in Sparta
Jo-Lynn Roney,  in Wilmington, NC
Jo-Lynn Roney answered:
If there are no "0" down payment programs, what is the next best opportunity to buy?
There are loans out there for 100% down. You need a good mortgage broker and realtor consultant to know the areas that have and are offering the programs. You have to shop for the loa ... more
0 votes Share Flag Fri Nov 14, 2008 Financing in Munster
Vernieke  Ro…,  in South Windsor, CT
Vernieke Roper answered:
Starting out. What should I do?
It seen like you already have an idea of what you are looking for, which is a great start. This next step is to find out what price range you can afford. You should contact a mortgage p ... more
0 votes Share Flag Wed Apr 15, 2009 Home Buying in Indianapolis
Adelina Rotar, Real Estate Pro in Knoxville, TN
Adelina Rotar answered:
I have recently inquired on the FHA 203K rehab Loan. Anybody have recent experience with one that has closed?
I haven't had one that has closed; however, one of my buyers is using this loan to buy a foreclosed property. One of my loan officers at Regions Bank has just recommended the FHA 203B ... more
0 votes Share Flag Tue Jul 26, 2016 Financing in Tennessee
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