--- title: Quickly Ballpark the Repair Costs of Your Flip description: When purchasing a house to flip, you want to know you're paying the right price. Here are some tips on how to estimate a price without needing experience. image: https://www.trustdeedcapital.com/hubfs/images/Blog_Images/trust-deed-investments.jpg --- [![Trust Deed Capital](https://www.trustdeedcapital.com/hs-fs/file-16494019-png/images/trust-deed-capital-logo.png "Trust Deed Capital")](https://www.trustdeedcapital.com/) CALL 1 (888) 563-5588 Search ![Hard Money Lender Investors](https://www.trustdeedcapital.com/hs-fs/images/blog.png) ## [Quickly Ballpark the Repair Costs of Your Flip](https://www.trustdeedcapital.com/blog/quickly-ballpark-the-repair-costs-of-your-flip) Posted by [Ken Meyer](https://www.trustdeedcapital.com/blog/author/ken-meyer) on Wed, Aug 02, 2017 - [Tweet](https://twitter.com/share) ![buying first investment property](https://www.trustdeedcapital.com/hs-fs/hubfs/images/Blog_Images/trust-deed-investments.jpg?width=300&name=trust-deed-investments.jpg "buying first investment property")When you're [purchasing a house](https://www.trustdeedcapital.com/blog/bid/156705/6-Specific-Advantages-to-Investing-in-Real-Estate) to fix up and flip, you want to be sure that you're making a sound investment. At first, you may need advice from a few consultants--building inspectors, for example--to determine the approximate cost of fixing up a house. A few simple tricks, however, will allow you to quickly ballpark the repair costs of your flip in order to determine whether or not it will be a good investment for you without bringing in an inspector before you're committed to the purchase. # 1. Have a Calculator On Hand Using a calculator that will put together a [repair](https://www.trustdeedcapital.com/blog/3-hidden-issues-to-look-for-when-considering-a-distressed-property-for-purchase) cost estimate will allow you to put in the repairs that you think need to be completed on the house, then get a ballpark figure for what it will cost to complete those repairs. This calculator incorporates a wide range of needed repairs to offer a decent estimate of what it might cost to fix a given house. # 2. Add It Up Yourself As you walk through a house, take a look at all the things that need to be fixed up. Then, look up the price range for those repairs. Average the "low cost" of repairs with the "high cost" to get a reasonable estimate that will tell you approximately how much it will cost to fix up a house. Leave room for price fluctuation: some materials are less expensive at some times of the year than others, while bringing out a professional may cost you more when other homeowners in your area are dealing with serious repairs than at other points. If you're planning to completely gut the house and start over--an ambitious project for a beginner--assume an estimate of around $20-$40 per square foot. # 3. Bring in an Expert Here's the reality: accurately measuring the cost of repairs on your fix and flip home yourself can be a challenge. Sometimes, that will work in your favor--guessing that you'll have to replace something that can actually be repaired fairly inexpensively, for example. In other cases, you may find that your estimates are far off, leaving you with an expensive repair that is fast draining the profits out of the house. If you can't afford a lot of margin for error, hire an expert to help estimate the cost of your repairs. It may require an up-front fee, but it will also offer a much more accurate number.   If you're ready to get started with fixing and flipping properties, we're here to help! 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