House flipping might seem like a game of sledgehammers and interior design, but the most important tool a wannabe flipper needs to wield is a spreadsheet. Putting together a budget for the overall project, as well as each individual stage, will help would-be flippers stay on track.
It’s unreasonable to think that you can account for every penny that you’ll spend, however. Make sure to leave some buffer in each category, and adjust the line items as necessary. This is a technique professional construction companies call “job costing,” and amateur remodelers can benefit from it, too.
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