#339: How to Estimate Repair Cost for your Next Rental Property
⭐ Join Rental Property Mastery, my coaching & learning community: http://coachcarson.com/rpm 🎙️ 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 🔗 Connect with Dawn Matze: FREE Contractor Budget Spreadsheet: https://docs.google.com/spreadsheets/d/1BZBqwjje0vuL_wuRzouI2dPg76SLIeqJ/edit#gid=1815934690 Dawn's Book – Nailed It: https://a.co/d/70A4yo7 Instagram: https://www.instagram.com/womanbuilderdawn/ Facebook: https://www.facebook.com/dawn.matze/ Website: https://womanbuilder.com ________________________________________ ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-yt/ 🖥️ My Real Estate Courses: https://courses.coachcarson.com • 30 Days to a Better Rental Investor • Creative Financing for Real Estate Investors 📚 My Books: 📘 The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty 📙 Retire Early with Real Estate: https://www.coachcarson.com/retirementbook 💰 DealMachine - Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT ✅ Subscribe for more videos about real estate investing: https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 👋 Connect with me: 📸 https://www.instagram.com/coachchadcarson 👍 https://www.facebook.com/coachchadcarson 🐦 https://twitter.com/CoachChadCarson 🌐 For everything else: http://www.CoachCarson.com