Home renovation costs can add up quickly. Whether you’re flipping a home, rehabbing your next BRRRR, or just doing some much-needed touch-ups around the house, the growing cost of material and labor can put you back tens of thousands just for some simple upgrades. My team and I oversee multiple flips every month and we’ve seen our costs rise while profits start to shrink. As an experienced rehabber and renovator, it’s my job to think creatively to tackle home renovation projects. After trial and error, I’ve come up with the five key ways to keep flips at or under budget, while also delivering a quality product to a new homeowner. These tips could save you thousands on each section of your home rehab and go far beyond the standard “do it yourself” type advice we regularly hear. Are you incorporating any cost-saving strategies in your home renovations? If so, what types of ways are you lowering your bottom line that’s helping in these inflationary times? Let us know in the comments below!
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