What Are Parameters?

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What Are Parameters

Parameters are your actual rehab items listed out in different categories including Fixed Parameters, Exterior Parameters, Interior Parameters, Misc Mechanical Parameters and Other Parameters.  A sample of these lists can be found below.

Not seeing a Parameter that you need or would like?  No worries as you can create your own!  You will find steps on how to do this in the next article.

 

FIXED Parameters

Fixed parameters are already set and can not be changed. 

  • Reapir: Mgmt & Misc Contingency (%)
  • Offer Profit (%)
  • Offer Closing Costs (%)
  • Offer Holding Costs (%)
  • Offer Misc Above Cost (%)
  • Offer Seller Finance Down (%)
  • SNS: Average Offer (%)
  • SNS: Realtor Commission
  • SNS: Average Closing Cost
  • SNS: Cash Offer (%)
  • Future: MAO (%)
  • Future: Investor profit (Whs) (%)
  • Future: Investor profit (Rehab) (%)
  • Rental: Closing Cost (%)
  • Rental: Maint (%)
  • Rental: Vacancy (%)
  • Rental: PropMgmt (%)
  • Rental: Mortgage (Years)
  • Rental: Mortgage Rate (%)
  • Rental:Desired Profit ($)
  • Rental: Wholesale Fee ($)
  • RV Multiplier
  • SNS: Repair Premium (%)

Exterior Parameters

Exterior Parameters is where you will find most of your rehab items that deal with the exterior of the property as well as the garage.

  • Roof: Remove/Replace Existing Roof
  • Roof: Detached Garage 1 Car
  • Roof: Detached Garage 2 Car
  • Chimney Repairs / Tuck Pointing
  • Exterior Painting (siding, soffit, fascia)
  • Paint Garage
  • Windows
  • Gutters & Downspouts
  • Vinyl Siding 1 Story
  • Vinyl Siding 2 Story
  • Garage: Vinyl Siding per Car
  • Garage Door: 1 Car w/ Opener
  • Garage Door: 2 Car w/ Opener
  • Build New 1-Car Garage
  • Build New 2-Car Garage
  • Light Landscaping & Cleanup
  • Decks: New 10ft x 10ft Deck
  • Decks: New 15ft x 15ft Deck
  • Exterior Doors w/Storm
  • Concrete Driveway
  • Paint Garage per Car
  • Garage: Vinyl Siding 2 Car

Interior Parameters

Exterior Parameters is where you will find most of your rehab items that deal with the interior of the property such as kitchen, bath, flooring, etc.

  • Interior Painting
  • Flooring & Tile Work
  • Kitchen: Full, High-End
  • Kitchen: Luxury Appliances
  • Kitchen: Full, Median
  • Kitchen: Full, Low End
  • Kitchen: Stainless Appliances
  • Kitchen: Low End Appliances
  • Bathroom: Full
  • Bathroom: Half
  • Millwork: Doors & Casing
  • Millwork: Base & Shoe Moulding
  • Framing & Drywall Repairs
  • Basement: Finsih
  • Basement: Rec Room
  • Attic Insulation
  • Full Gut Interior & Exterior

Misc Mechanicals Parameters

Misc Mechanical Parameters will deal with things like HVAC, Electrical, Plumbing & Foundation.Sample text here.  Sample text here.  Sample text here.  Sample text here.  Sample text here.  Sample text here.  Sample text here.  

  • GC or PM (Project Manager)
  • Furnace: 80% Efficiency
  • Furnace: High Efficiency
  • Heat Pump
  • Boiler
  • 2 Ton A/C
  • Inspect & Repair Heating/Cooling System
  • Plumbing: Fixtures, shut-offs, repairs
  • Plumbing: Re-Plumb Whole House
  • Hot Water Heater
  • Water Softener / Water Treatment
  • Electrical: Fixtures, Switches, Receptacles
  • Electrical: New Panel
  • Electrical: Full-Re-Wire
  • Demolition
  • Dumpster Rental
  • Termites & Abatement
  • Mold Removal
  • Foundation
  • Permits
  • Staging

Other Parameters

Other Parameters are misc items that have been requested and added along the way

 

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We appreciate you taking the time to learn about Rehab Estimator Pro Parameters!

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