The seller indicated residential energy needed some cosmetic repairs estimated at $4000 and was prepared sell for $50,000. Comps looked prefer the home may be worth $106,000 after repairs. Good deal right? Let's begin running the details. The repairs reported by the owner were for materials only and were clearly relating to the low conclusion. When estimating repairs a good rule of thumb is estimate the materials then multiply by two to three. That is, materials usually only represent 33% belonging to the total repair costs Accounting and Bookkeeping Services Estimate Template labor represents 66%. Clearly this is barely a general rule of thumb as well as every project will vary significantly. Indicates the repairs for this property were going to run between $10,000 and $12,000. Lacking seen the property myself, desires to give just a conservative rough estimate.
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