Estimate renovation costs by room and scope to budget your next flip or BRRRR project. Add rooms, choose the rehab level, and get an instant cost breakdown with contingency buffer.
Total Rehab Cost
$28,187
What does this mean?
Rehab costs under 15% of ARV suggest a cosmetic project — paint, flooring, fixtures. These deals are lower risk and faster to execute, ideal for newer investors.
Cost by Room
Accurate rehab budgeting is the difference between a profitable flip and a money pit. Start by walking the property room by room and categorizing each area into one of three rehab levels:
Cosmetic
Paint, flooring, fixtures, hardware. The bones are good — you're just updating the look. Typically $10–25/sqft.
Moderate
New cabinets, countertops, tile work, some drywall. May include partial systems updates. Typically $30–55/sqft.
Full Gut
Down to the studs. New layout, all new systems, structural changes. Typically $60–100+/sqft.
Always add contingency. 15% is standard for cosmetic rehabs, 20% for moderate, and 25%+ for gut jobs. You will find surprises — the question is how expensive they are.
Pro tip: Get contractor bids before finalizing your offer. This calculator gives you a ballpark for quick deal analysis, but a detailed scope of work with line-item bids is essential before closing.
Keep running the numbers
Smart investors cross-check with multiple metrics before making an offer. Here are a few that pair well with this one.
Analyze Buy, Rehab, Rent, Refinance, Repeat deals. See equity captured, cash left in the deal, and post-refi cash on cash return.
Calculate the maximum purchase price for a house flip using the 70% rule.
Calculate Net Operating Income — the foundation of commercial real estate valuation.
Want to analyze a full deal with comps, rehab estimates, and flip projections?
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