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Estimates on finishing out a gutted house
Posted on 3/4/21 at 1:29 pm
Posted on 3/4/21 at 1:29 pm
Just trying to get a decent idea of what I’d be getting into if I pursue this. I know there’s a million variables but assuming the existing roof is new, no foundation/structural work needs to be done, and exterior is good. Bare studs, would need all new HVAC, plumbing, electrical, floors, and all interior finished.
House is 1200sf and in south LA, and I’d go cheap to middle of the road on fit and finish. Can anyone narrow this down?
House is 1200sf and in south LA, and I’d go cheap to middle of the road on fit and finish. Can anyone narrow this down?
3
Posted on 3/4/21 at 2:03 pm to TheDrunkenTigah
Are you doing this yourself or having it done?
A ton of cost is labor.
The HVAC you'll obliviously contract out. 4-8K
One way to save is getting a smaller system and insulating the crap out of the house.
I would contract out the electrical and plumbing unless you're really good at it. Building codes can be a bitch. 5-10K
Everything else depends on how high end you buy and if you will be doing the work. Number can get high quick.
A ton of cost is labor.
The HVAC you'll obliviously contract out. 4-8K
One way to save is getting a smaller system and insulating the crap out of the house.
I would contract out the electrical and plumbing unless you're really good at it. Building codes can be a bitch. 5-10K
Everything else depends on how high end you buy and if you will be doing the work. Number can get high quick.
This post was edited on 3/4/21 at 2:05 pm
Posted on 3/4/21 at 2:17 pm to CoachChappy
I would use a GC for the entire job.
Understand there is no way to provide an exact number, or even close, I’m more looking for a reasonable to high ballpark cost to even see if I’m close. I have no idea what the last 12 months has done to material costs (besides dimensional lumber) and labor, and even before the range I’m seeing is from $30-150sf, so hoping filling in some of the blanks narrows it down.
Understand there is no way to provide an exact number, or even close, I’m more looking for a reasonable to high ballpark cost to even see if I’m close. I have no idea what the last 12 months has done to material costs (besides dimensional lumber) and labor, and even before the range I’m seeing is from $30-150sf, so hoping filling in some of the blanks narrows it down.
Posted on 3/4/21 at 3:58 pm to TheDrunkenTigah
$50 a sq ft should cover it
Posted on 3/5/21 at 6:15 am to TheDrunkenTigah
On a typical construction loan draw schedule, banks usually allocate around 45-55% of the loan value for black in stage, which is where you are basically at. Middle of the road finishes, you should be building for $140-$150/sf (less if you are doing some of the work yourself) considering you didn't have to factor in the high cost of lumber since the framing was already done. So that puts you in a range of $70-75/ft left to finish.
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