#339: How to Estimate Repair Cost for your Next Rental Property

Real Estate Investing with Coach Carson

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🎙️ Episode #339 – From "soft costs" to contingency funds, Dawn reveals insider tips for accurate budgeting by the item, ensuring your BRRRR renovation projects stay profitable and completed on time.

📄 Show Notes: https://www.coachcarson.com/estimaterepaircosts/

▶️ Next Video: How to Analyze a Single Family House Rental Property

https://youtu.be/yocGE4XABTI?si=UEfmSK8hdjAiZibt

🎬 Timestamps: 00:00 - Estimating Renovation Costs 01:15 - Budget During Execution Phase 04:22 - Levels of Renovations 05:36 - Soft Costs vs. Hard Costs 07:26 - Estimating Repair Costs Per Square Foot 10:39 - Contractor Budget Spreadsheet 16:09 - How to Decide Scope of Work 18:54 - Contingency Budget 23:36 - Meeting Market Expectations 26:17 - Start with the End in Mind 28:13 - Having Confidence in your Budget 32:47 - Durability vs. Beauty 37:03 - Skills from an Expert

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FREE Contractor Budget Spreadsheet: https://docs.google.com/spreadsheets/d/1BZBqwjje0vuL_wuRzouI2dPg76SLIeqJ/edit#gid=1815934690
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