House #27: Budget Recap

November 3, 2011 · 5 comments

As I mentioned in my last post, The Waffle House rehab is complete and the property is on the market. The project went smoothly, we did pretty much exactly what we planned to (with the exception of saving the laminate hardwood on the main level instead of replacing it with carpet), and ultimately, we stayed on budget.

Below is a side-by-side analysis of the projected budget versus the final budget:

Total Final Budget

Our original budget for this rehab was $23,000, and we ended up about $500 below that. It’s worth noting that we saved $250 for moving costs (paid for by another project because we had to move another house that day anyway) and we saved $250 on finishing out a large closet/attic space, as our contractors threw that work in for free. Had we incurred those costs, we would have been within about $100 of our original budget.

From a budget perspective, I definitely consider this one a success…

5 responses to “House #27: Budget Recap”

  1. Shane in Tx says:

    so when do we get to see the rehab estimator? 🙂 We all want to be as good as you someday.

  2. Mark says:

    You bet this one is a success. i’m really amazed of your accuracy when estimating budgets. Good luck with this one.

    M Mark

  3. J Scott says:

    Hey Shane,

    We’re working on it…I promise!!! 🙂

  4. Oscar says:

    Hi Scott,

    Whats your price per square foot when doing the roof ???


  5. J Scott says:

    Hey Oscar –

    In Atlanta, I typically pay about $160 per square (where a square is 100 square feet) to tear off the old roof, haul it away and put on a new 30-year composite shingle. So, about $1.60 per square foot.

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