How do I accurately calculate the 'refurbishment cost budget' and 'ARV (After Repair Value)' for a BRRR project in a post-pandemic market, and what contingency percentage is realistic for unexpected issues with a UK property?
Quick Answer
Accurately calculate refurbishment costs by getting detailed quotes from multiple trades. Determine ARV by analysing recent comparable sales. Always budget a minimum 15-20% contingency for unexpected issues.
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Learn to accurately calculate BRRR refurbishment costs, determine After Repair Value (ARV), and apply a realistic contingency for UK property projects.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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