POWC #55 - Apartment Series #14 - Estimating Your Repair Budget
Pillars Of Wealth Creation
English - April 17, 2018 00:00 - 52 minutes - 25 MB - ★★★★★ - 121 ratingsBusiness investing realestate entrepreneur realestateinvesting business entrepreneurship marketing finance cashflow interview Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
After completing well over 100 renovation projects ranging from $20,000 budgets to budgets near $1,000,000, I have learned a few things about estimating costs. I have learned that it is really easy to under budget. Even with the experience that I have gained, I tend to under budget vs. over-budget. Over the past several projects, I have been diligent with having enough in the contingency budget, so that we don’t get stuck in a bad spot. It is so easy to forget some of the little stuff or not think about the behind the walls items. A few mistakes here and there can lead to a disastrous result.
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John Stiles is a licensed MN real estate agent with Bridge Realty.
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