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.
To learn more, check out John’s website: www.RealEstateStiles.com
You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww