MyKidsArentOnReddit t1_j9fni2n wrote
Assuming the foundation doesn't need any work, but everything else does, I wold estimate around 100K for something like this. You're going to need to get a GC (or GC it yourself if you can). You'll need a building permit and all the trades will need permits and inspections. The basic order of operations is:
- demo/trash out
- Roof
- framing
- plumbing (need permit)
- hvac (needs permit)
- electric (needs permit)
- framing inspection
- Walls, sub floors
- Paint, flooring, cabinets, fixtures, windows, etc.
You'll also need to do some exterior work at some point - those steps look like they need work.
I do this professionally, and I can also tell you that no one who does this actually has the money to do it themselves. It's all borrowed money. The standard thing to do is get a hard money loan (short term, high interest rate) to buy the house and rehab it, then either sell it or refinance into a long term mortgage once the work is done.
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