Loading...
Bad rehab estimates are the #1 reason flips fail. Here's the room-by-room system that experienced flippers use to nail their budgets — plus a free calculator to do it automatically.
Want to estimate rehab costs right now? Our free rehab cost estimator lets you build a room-by-room budget with cosmetic, standard, and full gut options. No signup required.
Every renovation falls into one of three categories. Knowing which level your property needs determines your budget range:
The property is structurally sound but looks dated. Work includes:
Total cost: $15,000-$35,000 for a typical 1,500 sqft home
The property needs real updates to compete with comparable homes:
Total cost: $35,000-$75,000 for a typical 1,500 sqft home
Down to the studs. Everything gets replaced:
Total cost: $75,000-$150,000+ for a typical 1,500 sqft home
Here are current market rates for the most common renovation items:
| Item | Budget | Mid-Range | High-End |
|---|---|---|---|
| Cabinets | $2,000-4,000 | $5,000-10,000 | $12,000-25,000 |
| Countertops | $1,000-2,000 | $3,000-5,000 | $6,000-12,000 |
| Appliance package | $1,500-2,500 | $3,000-5,000 | $6,000-12,000 |
| Backsplash | $300-800 | $1,000-2,000 | $2,500-5,000 |
| Sink + faucet | $200-500 | $500-1,200 | $1,500-3,000 |
| Kitchen Total | $5,000-10,000 | $12,500-23,000 | $28,000-57,000 |
| Item | Budget | Mid-Range | High-End |
|---|---|---|---|
| Vanity + mirror | $300-800 | $1,000-2,500 | $3,000-6,000 |
| Tile (floor + shower) | $800-2,000 | $2,500-5,000 | $5,000-10,000 |
| Toilet | $150-300 | $300-600 | $600-1,500 |
| Tub/shower | $400-1,000 | $1,500-3,000 | $3,500-8,000 |
| Bathroom Total | $1,500-4,000 | $5,000-11,000 | $12,000-25,000 |
| System | Repair | Replace |
|---|---|---|
| Roof | $2,000-5,000 | $8,000-20,000 |
| HVAC | $500-2,000 | $6,000-15,000 |
| Electrical Panel | $500-1,500 | $2,000-5,000 |
| Plumbing (re-pipe) | $500-2,000 | $4,000-10,000 |
| Foundation | $2,000-5,000 | $10,000-30,000 |
| Water Heater | $200-500 | $1,000-3,000 |
Walk the property with this checklist. For each item, note whether it needs no work, cosmetic work, or replacement:
Exterior
Interior
Systems
Don't Forget
Always add 10-15% contingency to your total rehab estimate. On your first few flips, use 15%. Once you have 5+ flips under your belt, you can drop to 10%.
Things that trigger contingency spending:
Pro Tip: Get contractor bids BEFORE you close on the property. Walk the house with your contractor, create a detailed scope of work, and lock in pricing. Don't rely on your own estimate alone — validate with at least 2 professional bids.
Cosmetic rehabs cost $15,000-$35,000. Standard rehabs cost $35,000-$75,000. Full gut renovations cost $75,000-$150,000+. Your cost depends on property size, condition, and local labor rates.
In 2026: cosmetic = $10-25/sqft, standard = $25-50/sqft, full gut = $50-100+/sqft. These ranges vary significantly by market — labor in NYC or LA costs 2-3x more than in the Midwest.
Spreadsheets work for your first flip, but they're error-prone and hard to update. A dedicated rehab estimator tool gives you room-by-room breakdowns, automatic contingency, and the ability to export your budget for lenders.
Use our free rehab cost estimator to build a detailed room-by-room budget in minutes. Choose cosmetic, standard, or full gut for each room. Then run the full deal through our deal calculator to see your projected profit. Try FlipLogic free.