{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/486db8ff41554917ad50b2014b4ddef2\" frameborder=\"0\" width=\"1280\" height=\"960\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":960,"width":1280,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":960,"thumbnail_width":1280,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/486db8ff41554917ad50b2014b4ddef2-3dabf3ffd4e0380e.gif","duration":372.331,"title":"Understanding Rehab Costs 🏡","description":"In this video, I walk you through how to determine the rehab costs for a property, emphasizing that most homes will require at least an average remodel, which I estimate to be around $50,000 for a 2,100 square foot house. I highlight the importance of updating paint, flooring, and fixtures to appeal to the market, noting that light remodels are extremely rare. I encourage you to refer to the attached quick sheet for guidance on rehab costs and to use this information to calculate your Max Allowable Offer (MAO) based on the After Repair Value (ARV). Understanding these details is crucial for making informed offers on properties. Please take a look at the photos and apply this assessment to your own evaluations."}