Estimating rehab renovation costs just got a whole lot easier!
Whether you’re brand new to real estate investing or are an experienced fix and flipper, there’s now an easier and better way for estimating rehab renovation or repair costs. It’s called House Hacker, and can be found at http://www.estimatingrepairs.net. This simple worksheet walks you through the process step by step, making sure that nothing gets overlooked and that your rehab estimate is accurate. Repair oversights can destroy your profit in a deal, so being thorough is critical. Also, if you’re borrowing money for your project, then this is a fantastic way to show your lender that you know what you’re doing, and give them the peace of mind that you won’t fall short on the project because of a missed repair or grossly underestimated budget.
Go check it out, and let me know what you think. It’s in a constant state of development, and is improving all the time, but it’s simple, clean, and really cool, and it spits out beautiful reports for you to share with your lender, contractor, or investment partners.