Reply to Belle Haven - how much do you think these renovations cost?

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[quote=Anonymous]From $1.05 to $1.495 in short time is likely a 100-125% markup on the cost of the renovations. Here's the thing. They didn't do so much, but it still could have cost a bundle depending on the contractor. My guess is that they put in $150 (on the very low end) to $200 (not implausible) and marked it up. The signs:

Kitchen is basic white shaker. Cost depends on the quality of the cabinets and appliances more than anything. It's not uncommon to see quotes for cabinets at $45K (which is criminal given the underlying cost). Then add all the fixtures, finishes, labor, plumbing and electric and you can easily get close to $100K if you're not careful.

Landscaping. Hopefully they hired a cheap team.

Bathrooms - the vanities and fixtures are all very cheap looking

Paint - this is max $40 inside and out.

Flooring - depends on the contractor and state of the subfloor.

Anyway, without going into more detail, YES, they are just flipping to make fast profit on someone who wants a move-in-ready house.

New roof - it's not a huge house, but depending on the roofer would somewhere in the neighbor[/quote]

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