Join Date: Aug 2012
Thanked 166 Times in 79 Posts
Pricing yourself into poverty
With the new construction single family market booming right now, I thought I'd share what we are paying for some skills that could easily crossover. I don't know how many of you are strictly PnP/REO, but being as diverse as possible certainly has it's upside. Eb and Flow with the trends.
Now let's keep in mind, this isn't GREAT pricing, heck it's not even GOOD pricing, but it's certainly a livable price. I just don't see the point in chasing the foreclosure world with there being as many sharks in the water as there are. There are just much easier ways to make as much if not more money. Oh and did I mention....we DON'T ever ask for pictures!
Keep in mind these are prices from right in the upper midwest, and I guarantee they are legit prices for my current state.
Sales Clean: .28-.32 cents a sq/ft Avg house size of 2k =$560
(given my experience in REO in the past, I'd do new construction cleans over REO any day of the week)
Scrap Out (debris removal): T&M typically. We have been averaging paying about $875 per house for a scrap out. This would be after flooring, so scrapping out the garage/yard and hauling debris off (typically less than 20yds). If dumpster on site we pay labor cost of $25/hr per man hour.
Window Washing (yes this is paid separate to sales clean): $85/ranch $135/2story
Power Washing (drives/stoops/walks/front facade): $225/flat
Pre-Close T/U (Touch Up) Clean: $50, usually only involves vacuuming to leave the carpets nicely lined
Interior Painting/Stain: $2.30-2.65sq/ft +Extras (Trim One color, Walls one color, closets/ceilings white)
I would suggest to some that are in a thriving new construction market to put together some literature with some sample pricing and hit up every builder you can to drum up some paid upon completion work. The more you can do, the better valued you can be to that builder.