You have a property under contract, a hard money term sheet, or a rental that needs turnover work, and you need to know what the rehab actually costs before your contingency period closes. A single construction total does not help you decide. You need line items you can compare against your draw schedule, cut when the numbers run hot, and defend to an appraiser or lender.
- Deliverable
- Excel estimate + marked-up PDF plans
- Organized by
- CSI MasterFormat section
- Turnaround
- 24–48 hours for most projects
- Pricing
- ZIP-code-adjusted material and labor pricing
- Software
- Bluebeam Revu, PlanSwift, RSMeans data
We take off your rehab scope the same way a general contractor would price it, then organize it for underwriting. Every line carries a CSI MasterFormat division and section number, a quantity in the unit your trade partner bids in, and a ZIP-code-adjusted material and labor price. For example, Division 3 concrete footings are measured in cubic yards, Division 6 wood framing in board feet or linear feet, and Division 9 finishes in square feet. If you are also building new units, our home builder estimating services use the same format. For ground-up commercial or multifamily, see developer and owner estimating.
Most investor projects come back in 24–48 hours, with rush turnaround available. Deliverables are Excel and PDF, organized by division, with marked-up plan sets so you can see exactly where each quantity came from. We use Bluebeam Revu, PlanSwift, and RSMeans data for on-screen takeoff and pricing. If your project is a renovation rather than a gut flip, renovation contractor estimating covers occupied-space phasing and protection. For storm or water damage scopes, insurance restoration contractor estimating addresses carrier formats and Xactimate-style line items.
When you send construction documents, we review the full set for addendum items and note any assumptions. Each bid package is organized so you can forward it to subs for request for proposal pricing. We also flag code triggers such as IBC, NFPA 13, and ADA standards that may require upgrades during due diligence. If you need a material takeoff for a specific trade, subcontractor estimating services can isolate that scope.
What the investor construction takeoff covers
We measure from your plans, photos, and scope notes. If you only have a walkthrough video and a room count, we can still produce a budget using typical dimensions, flagged as assumptions. The estimate follows CSI MasterFormat divisions so your contractor, lender, and inspector can all read the same document.
Selective Demolition
Interior gut, flooring tear-out and fixture removal measured by area and count, with dumpster pulls priced per haul.
SF · EA · CYFoundation and Slab
Crack injection, pier and beam leveling and concrete patching measured by linear feet and square feet of repair.
LF · SF · EAFraming Repair
Sistered joists, new stud walls and subfloor replacement priced by linear feet, square feet and piece count.
LF · SF · EARoofing
Tear-off, underlayment, shingles, flashing and drip edge measured by roof squares, with ridge and hip by linear feet.
SQ · LF · EADoors and Windows
Exterior entry, interior hollow-core and vinyl replacement units counted each, with trim and hardware allowances.
EA · LFDrywall and Paint
Hang, tape, finish and texture match by wall and ceiling area, with paint by coat over the same surfaces.
SF · GALKitchen and Flooring
Cabinets, countertops, sink and disposal counted each; LVP, carpet and sheet vinyl measured by square feet.
EA · LF · SF · SYMEP Systems
Plumbing fixtures, HVAC equipment and electrical devices counted each, with rough-in repairs by linear feet.
EA · LF · TONWhat every real estate investor estimating takeoff includes
- Selective demolition: interior gut, flooring tear-out, fixture removal, dumpster count
- Foundation and slab repair: crack injection, pier and beam leveling, concrete patching
- Framing repair: sistered joists, new stud walls, subfloor replacement
- Roofing: tear-off, underlayment, shingles, flashing, drip edge, ridge and hip
- Doors and windows: exterior entry, interior hollow-core, vinyl replacement units
- Drywall: hang, tape, finish, texture match, moisture-resistant board in baths
- Flooring: LVP, carpet and pad, sheet vinyl, stair nosing, transitions
- Paint: interior walls and ceilings, trim, doors, exterior body and trim
- Kitchen: cabinets, countertops, sink, faucet, disposal
- Plumbing: water heater, fixtures, supply and drain rough-in repairs
- HVAC: condenser and air handler, flex duct, registers, thermostat
- Electrical: panel upgrade, circuits, outlets, switches, GFCI, smoke/CO detectors
How we handle fix and flip estimating
- Scope and exit strategyWe start with your exit: flip, BRRRR, or rental hold. A flip targets resale-grade finishes; a rental hold targets durable, low-maintenance finishes. That decision changes the flooring, countertop, and cabinet lines before we measure anything. We note the target ARV and hold period on the estimate header so the finish package is documented.
- Plan and photo reviewWe open your plans in Bluebeam Revu and scale-check the floor plan against the stated square footage. If you have photos or a walkthrough video, we use them to confirm existing conditions: roof layers, panel size, HVAC age, and visible water damage. Any dimension we cannot verify is flagged as an assumption on the marked-up set.
- Demolition and dumpster countWe measure the gut area in SF and count fixture removals in EA. From that we estimate dumpster pulls: a 1,500 SF full gut typically needs 2–4 pulls of a 30 or 40 CY container. We list each pull as a separate LS line so you can see the haul-off cost, not just the tear-out labor.
- Structural and envelope takeoffWe measure roof squares (SQ) for tear-off, underlayment, and shingles, and add decking replacement in sheets when the roof is older than 15 years. Siding, fascia, and soffit are measured in SF and LF. Window and door counts come from the elevation and floor plan, sized by rough opening.
- Interior systems and finishesDrywall is measured in SF with corner bead in LF. Flooring is split by product: LVP in SF, carpet in SY, tile in SF with cement board and waterproofing membrane. Paint is measured in SF for walls and LF for trim. Cabinets are counted in LF of base and wall runs, with countertops in SF.
- MEP rough-in and fixturesWe count electrical devices in EA: outlets, switches, GFCI, can lights, smoke/CO detectors. Plumbing fixtures are EA, with supply and drain repairs in LF. HVAC equipment is sized in TON, with flex duct in LF and registers in EA. Panel upgrades and meter bases are separate EA lines.
- Pricing and assemblyWe apply ZIP-code-adjusted material and labor pricing from RSMeans data, then assemble the estimate in Excel by CSI division. Waste factors are shown as separate lines so you can see the allowance. The PDF includes the marked-up plan set with each quantity highlighted or dimensioned.
What to send us
- Plans or sketchesFloor plan, elevations, and any structural sheets. Even a hand sketch with dimensions helps us scale the takeoff.
- Scope notesYour list of what stays and what goes. Note any items you plan to keep, such as cabinets or flooring.
- Photos or videoWalkthrough photos of roof, panel, HVAC, plumbing, and any visible damage. These confirm existing conditions.
- Exit strategyFlip, BRRRR, or rental hold. This sets the finish grade and the durability expectations for the estimate.
- Target ARVYour after-repair value estimate. We use it to sanity-check the finish package and flag over-improvement.
- Lender draw scheduleIf you have one, send it. We can group line items to match your draw milestones.
Sample takeoff format — illustrative quantities
This is the format you receive: CSI section, line item with spec detail, quantity, unit, and the sheet where the quantity was measured.
| Section | Line item | Qty | Unit | Ref. |
|---|---|---|---|---|
| 02 41 00 | Interior gut — remove drywall, flooring, cabinets | 1,500 | SF | A-101 |
| 07 31 00 | Architectural shingles — tear-off, underlayment, install | 22 | SQ | A-201 |
| 08 53 00 | Vinyl single-hung window, 3'-0" × 5'-0" | 12 | EA | A-301 |
| 09 29 00 | Drywall — hang, tape, finish, texture match | 4,800 | SF | A-401 |
| 09 65 00 | LVP flooring — 6 mil wear layer, glue-down | 1,200 | SF | A-402 |
| 12 35 30 | Base cabinets — stock RTA, 24 in. deep | 18 | LF | A-501 |
| 26 00 00 | Panel upgrade — 200A service, meter base | 1 | EA | E-101 |
| 22 00 00 | Plumbing — water heater, 50 gal, replace | 1 | EA | P-101 |
| 23 00 00 | HVAC — condenser and air handler, 3-ton | 1 | EA | M-101 |
| 31 00 00 | Site work — grading and cleanup | 2,500 | SF | C-101 |
Units we measure in
Each line item is priced in the unit your trade bids in, so you can compare our number to a subcontractor quote without converting.
| Item | Unit | How it's measured |
|---|---|---|
| Demolition | SF | Floor area of gut; dumpsters counted separately in EA |
| Concrete | CY | Volume from length × width × thickness ÷ 27 |
| Framing | LF | Linear feet of joists, beams, or stud walls measured on plan |
| Roofing | SQ | 100 SF squares; tear-off, underlayment, and shingles each counted |
| Drywall | SF | Wall and ceiling surface area; corner bead in LF |
| Flooring | SF or SY | LVP and tile in SF; carpet in SY (9 SF per SY) |
| Paint | SF or GAL | Surface area for walls; gallons for trim and doors |
| Cabinets | LF | Linear feet of base and wall runs along the wall |
| Plumbing fixtures | EA | Each water heater, toilet, sink, tub, or shower |
| HVAC | TON or EA | Tonnage for equipment; EA for registers and thermostats |
| Electrical | EA | Each outlet, switch, can light, or panel |
| Site work | CY or SY | Excavation and fill in CY; paving and flatwork in SY |
Worked example: LVP flooring takeoff for a 1,200 SF flip
This example walks through the takeoff for luxury vinyl plank (LVP) flooring in a single-story flip. The dimensions are illustrative and not from a specific project. We show every step so you can see how quantities and waste are calculated.
Step 1: Measure the floor area from the plan.
- Assume a rectangular open plan: living/dining/kitchen area 24 ft × 30 ft = 720 SF.
- Hallway: 3 ft × 20 ft = 60 SF.
- Three bedrooms: 12 ft × 12 ft = 144 SF each → 432 SF.
- Two bathrooms: 5 ft × 8 ft = 40 SF each → 80 SF.
- Total measured area = 720 + 60 + 432 + 80 = 1,292 SF.
Step 2: Deduct areas not receiving LVP.
- Bathrooms typically get tile, not LVP. Deduct 80 SF.
- Net LVP area = 1,292 − 80 = 1,212 SF.
Step 3: Apply waste factor.
- LVP waste for cuts and defects is typically 5–10%. Use 7% for a standard layout.
- Waste = 1,212 SF × 0.07 = 84.84 SF → round up to 85 SF.
- Total LVP to order = 1,212 + 85 = 1,297 SF.
- Convert to boxes: if each box covers 24 SF, 1,297 ÷ 24 = 54.04 → order 55 boxes (1,320 SF).
Step 4: Count accessories.
- Transition strips at doorways: 6 doorways × 1 LF = 6 LF.
- Stair nosing: if stairs are present, count treads. Assume 12 treads → 12 LF.
- Quarter round or baseboard: measure perimeter of LVP areas. Assume 180 LF.
- Underlayment: if not pre-attached, measure same as LVP area: 1,212 SF.
Step 5: Price with ZIP-adjusted rates.
- We apply RSMeans data for material and labor. Material cost per SF and labor cost per SF are separate lines.
- Example: material $2.50/SF, labor $1.75/SF → total $4.25/SF.
- Material cost = 1,297 SF × $2.50 = $3,242.50.
- Labor cost = 1,212 SF × $1.75 = $2,121.00 (labor on net area, not waste).
- Accessories: transitions $8/LF × 6 = $48; stair nosing $12/LF × 12 = $144; quarter round $1.50/LF × 180 = $270.
- Total LVP line = $3,242.50 + $2,121 + $48 + $144 + $270 = $5,825.50.
Step 6: Document assumptions.
- We note that bathroom tile is excluded and will be a separate line.
- If the plan shows a non-rectangular layout, we would use a higher waste factor (10%).
- All quantities are flagged on the marked-up plan set.
This level of detail lets you compare our number to a flooring subcontractor bid and see exactly where the waste and accessories are accounted for.
What moves the construction cost estimate for investors
Relative impact on a typical estimate for this trade, based on estimator judgment. Select a bar for details.
Hidden conditions
Subfloor rot, joist damage, and mold appear after flooring tear-out. We flag these as a contingency line, typically 10–15% for flips, so your budget shows the risk rather than hiding it in a unit price. This allowance is separate from any repair line items we can measure from photos or plans.
Subfloor rot, joist damage, and mold appear after flooring tear-out. We flag these as a contingency line, typically 10–15% for flips, so your budget shows the risk rather than hiding it in a unit price. This allowance is separate from any repair line items we can measure from photos or plans.
Builder-grade LVP, laminate counters, and stock RTA cabinets cost less than engineered wood, quartz, and semi-custom cabinets. The delta can be several dollars per SF on flooring alone. We price the package that matches your exit. For a flip, we default to resale-grade finishes; for a rental hold, we specify durable, low-maintenance materials.
Two layers of tear-off cost more in labor and dumpster space than one. Decking replacement adds sheets of 1/2 in. OSB or plywood. We count both separately so you see the difference. If the roof is older than 15 years, we add a decking allowance in sheets and flag it as a contingency.
A 1960s panel, galvanized supply lines, and a 20-year-old condenser all trigger replacement. Code-required upgrades such as GFCI, smoke/CO, and egress windows add scope. Confirm the adopted code edition with the local building department. We list these as separate line items so you can decide what to pull.
Permits can require handrail height, window egress, and ventilation changes that were not in your original plan. We list permit-required items as a separate group so you can decide what to pull. This group often includes smoke/CO detectors, GFCI outlets, and egress window wells.
A narrow lot, no driveway, or occupied neighboring units change dumpster placement and material handling. We add labor for long carries and note any street permit needed. If a crane or pump truck is required, we list it as a separate LS line.
A sewer camera inspection often reveals root intrusion, bellied pipe, or offset joints. Spot repairs are priced per LF, and full replacement can run the length of the yard. We add a sewer line item when the home is older than 30 years, and flag it as a contingency if no camera report is provided.
Common scope gaps we catch
Investor budgets fail when a line is missing, not when a unit price is slightly off. These are the items we see most often.
- Dumpster count and haul-off. A full gut of a 1,500 SF house often needs 2–4 pulls, not one. We count pulls from the demolition SF and list each as a separate line.
- Roof decking replacement. Estimators price shingles but not the 1/2 in. OSB or plywood sheets under them. We add decking when the roof age or photos indicate soft spots.
- Subfloor and joist repair. Found after flooring tear-out. We include a repair allowance in LF of sistered joists and SF of subfloor replacement.
- HVAC duct replacement and return-air sizing. When a system is upsized, the existing ducts may be too small. We size ducts in LF and count registers in EA.
- Electrical panel and meter base. Adding a subpanel or EV-ready circuit often requires a service upgrade. We list panel and meter base as separate EA lines.
- Sewer line scoping and spot repair. Camera inspection and LF of pipe replacement are rarely in the original scope. We add a sewer line item when the home is older than 30 years.
- Exterior items: siding repair, fascia and soffit, gutters, grading. These hide in elevation sheets. We measure them in SF and LF so they do not disappear.
- Punch-list and final clean. Staging and photo-day touch-ups carry real labor. We include a punch-list allowance and a final clean line.
- Appraisal- or lender-required repairs. Handrails, GFCI, smoke/CO, and roof certification are often missing. We add them as a separate lender-repair group.
Rehab-grade finish packages: cost and durability trade-offs
Matching the finish package to your exit strategy controls both cost and resale value. The table below compares common options along the materials axis.
| Finish category | Builder-grade option | Mid-grade option | Resale-grade option |
|---|---|---|---|
| Flooring | LVP 6 mil wear layer, $2–3/SF | Engineered wood, $5–7/SF | Tile or solid hardwood, $8–12/SF |
| Countertops | Laminate, $15–25/SF | Quartz, $40–60/SF | Granite or quartzite, $60–90/SF |
| Cabinets | Stock RTA, $80–120/LF | Semi-custom, $150–250/LF | Custom, $300–500/LF |
| Roofing | 3-tab shingles, $1.50–2.50/SF | Architectural shingles, $2.50–4.00/SF | Metal standing seam, $8–12/SF |
| Windows | Vinyl single-hung, $200–300/EA | Vinyl double-hung, $300–450/EA | Wood-clad, $600–900/EA |
Codes and standards that affect rehab takeoffs
Model codes
Rehab projects trigger code requirements based on the scope of work and the adopted code edition. The International Residential Code (IRC) governs one- and two-family dwellings and sets egress window sizes, stair dimensions, handrail height, and smoke/CO alarm placement. The International Existing Building Code (IEBC) provides compliance methods for alterations, including the work area method that can limit upgrades to the scope of work. The National Electrical Code (NEC) requires GFCI protection in kitchens, baths, garages, and outdoors, and AFCI protection for most circuits. The International Plumbing Code (IPC) and International Mechanical Code (IMC) set fixture clearances and ventilation rates. Confirm the adopted editions with your local building department; some jurisdictions amend these significantly.
Industry standards
Estimators reference standards that define installation quality and material performance. For concrete, ACI 318 and ACI 332 cover structural and residential concrete. ASTM standards govern material properties: ASTM C627 for tile, ASTM D5116 for flooring emissions, and ASTM E84 for surface burning characteristics. The Gypsum Association (GA) publishes GA-216 for drywall installation, which affects fastener spacing and joint treatment. The National Roofing Contractors Association (NRCA) provides roof system details that influence flashing and underlayment quantities. SMACNA standards guide duct sizing and installation. These standards are often referenced in specifications and change labor and material quantities.
Specification sections
CSI MasterFormat sections define the work and materials. Key sections for rehab include 02 41 00 (Demolition), 03 30 00 (Cast-in-Place Concrete), 06 10 00 (Rough Carpentry), 07 31 00 (Shingles), 08 53 00 (Windows), 09 29 00 (Gypsum Board), 09 65 00 (Resilient Flooring), 12 35 30 (Kitchen Casework), 22 00 00 (Plumbing), 23 00 00 (HVAC), and 26 00 00 (Electrical). Within each section, the specification dictates material grade, installation method, and required submittals. For example, 09 29 00 may require moisture-resistant board in bathrooms, which adds cost per SF.
Local amendments
Local jurisdictions adopt model codes with amendments that vary by state, county, and city. For example, some areas require sprinklers in all new construction, while others only in larger buildings. Energy codes like the IECC set insulation R-values and window U-factors that can trigger upgrades during a rehab. Historic districts may impose additional review and material requirements. Always confirm the adopted code edition and local amendments with the local building department before finalizing your estimate. We flag potential code-driven items in our assumption log.
Who uses this rental property construction estimate
Fix-and-flip investor
You need a line-item budget before your contingency period closes. The estimate shows what to cut if the numbers run hot and what to keep for resale value.
BRRRR investor
You need to know the rehab cost that goes into the refinance basis. We group line items so your lender can see the work and your draw schedule can match the scope.
Rental portfolio owner
You are turning a unit between tenants. The estimate separates turnover items from capital items so you can decide what to repair now and what to defer.
Small developer
You are building or renovating a few units and need a third-party number. The CSI format lets your GC compare our quantities to their bid.
Hard money lender
You need a draw schedule backed by quantities. The estimate shows the scope behind each draw request and flags items that are not in the budget.
Wholesaler
You need a quick rehab number to market a contract. We can produce a budget from photos and a room count, flagged as assumptions.