Using the scenario of the house in my previous posts, ( see the entries below)
 For the curb appeal the total came to $1,580.  The interior total was $4,255. And the bathroom and finishing was $3,800.  To see a breakdown of the costs click here.

     But before you make an offer based on just what the fix up costs are, here are the other costs to consider.

     $20,000  Profit (how much profit?)
         9,635  Cost estimate for materials
            600  Utilities (3 months)
         2,400  Holding costs (mortg. and taxes 3 months)
            600  Insurance (3 mo. builder's hazard)
            300  Staging (for an open house)
            100  Gasoline
            200  Advertising (signs, flyers, ads)
            100  Termite letter and other tests
         3,000  Opps! Factor (things that are higher, or forgotten)
         3,500  Closing costs (buyers, and sellers)
         3,857  3% to account for the buyer's offer
         6,245  Agent commission based on 5%
_________
     $50,535  Total

     The maximum you should offer on a house that will list for $128,900, when completed, is $78,000, but start your offer at $72,000.  The costs were based on doing the work yourself, and three months from start to closing.  There are variables.  Problems like termites, heating and cooling, and plumbing, or mold were not factored in to this scenario.  Perhaps you won't spend $100 on gasoline, but maybe it will be more.  Maybe you won't have to dip into the money for the Opps! Factor, but I already remembered that I didn't include the cost of light bulbs.

     If you have thought of other things, or have comments or questions, please use the comment section below.  If you liked this post, please subscribe.