MyHouseDeals Blog

The 5 Best Rehab Calculators

One of the important steps in fix and flip real estate investing deals is the house rehab process. This quick-profit strategy usually involves buying property at a discount, making changes or upgrades on it, and selling it for more than invested.

But as lucrative as it is, it involves much attention to detail and could take a lot of time to master.

Successful real estate investors are numbers experts: they avoid spending more than necessary for their projects. But one other thing to learn from them is that during the property evaluation phase, they take notes and develop a checklist on items that will need different levels of fixing.

The checklist helps them understand the work to be done.

What is a rehab calculator?

A rehab calculator is an online tool that can determine or estimate the cost of repairs on a property in a real estate rehab project.

Why use a rehab  calculator?

Experience, uncertainty in costs, poor financial education, and lack of needed time can make it difficult to determine whether a potential purchase is a good deal regarding the cost of repairs.

The importance of this tool cannot be overemphasized because determining the estimated cost of rehabbing a property is such an important step towards either profitability or loss.

Using a rehab calculator helps you get a realistic idea of the estimated cost of your rehab project and also benchmark when comparing contractor bids. It is helpful in determining the starting point of a budget, especially when considering many variables that could make the estimate difficult or impossible.

But, before using a rehab calculator…

There are several basic steps to note involved in a house rehab process:

5 best rehab calculators…

We did some digging, and while this isn’t a comprehensive list—it includes popular online calculators and what we thought about them.

Rehab Estimator Calculator

The BiggerPockets Rehab Estimation Calculator simplifies how you manage your property rehab project. After the calculations, you can print out PDF reports that highlight the strengths of your deal, including the number and category breakdowns.



Repair Estimator

The Repair Estimator provides powerful estimating tools to help you estimate repair costs for your rehab projects in a matter of minutes. With a cost database of over 400 common repair/remodeling work items and unit prices, you will create repair cost estimates that are ​detailed and ​more accurate in a fraction of the time!



Installation Cost Calculator

Homewyse Installation Calculator provides easy-to-understand cost breakdowns for 1,000+ common home projects. Just select a category and then choose a specific installation job for an instant, no-obligation, and free cost estimate.



Remodel Calculator

Remodel Calculator estimates the most popular remodeling projects: bathrooms, kitchens, windows, siding, roofing, flooring, new heating, etc. You can estimate multiple projects at once!



Projects Calculator

Whether you need to know how many rolls to buy for a wallpaper project, or how many bags of seed are needed for your yard based on its total square footage, the Home Depot project estimator could be of immense help to you.



Rehabbing has been dubbed as one of the most popular exit strategies exercised by real estate investors.

Whether the house flip requires minor or substantial renovation, you can turn a profit flipping homes in today’s market. But, this starts with planning and creating a schedule for each stage.

For new investors, this might seem like a gamble. But it doesn’t have to be if you do your due diligence. Understand that real estate investing is a business. So, treat it like one.

Determine the best areas to look for properties, talk to other investors about real estate, consider multiple sources for buying properties, talk to others rehabbers, and last but not the least, read about real estate investing.

To get you there, a MyHouseDeals membership connects you to a thriving community of more than 100,000 investors strong and all of the services, tools, and resources you need to flourish in this industry. Roughly a third of our members consider fix and flips their primary investment strategy. A Premium membership offers countless benefits to fix and flippers. Beyond access to deals 14 days before regular members and unlimited access to all properties, you’ll also enjoy access to our exclusive list of cash buyers, your own lead generation website, wealth-building training courses on demand, and much, much more.

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