The 30-Minute Rehab Scope: Your Blueprint for House Flipping Success
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The 30-Minute Rehab Scope: Your Blueprint for House Flipping Success
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Turning property rehab into a science with a foolproof scope of work system that takes just 30 minutes to create and protects your profits on every project.
• Creating a solid scope of work (SOW) sets expectations, controls budget, and builds confidence with lenders
• Organize observations into categories: exterior, interior, and mechanicals
• Tag each item as Repair, Replace, or Leave to bring structure to gut instincts
• Focus improvements on what matters: clean, safe home with nice kitchen, bathrooms, and curb appeal
• Leave some tasks for new homeowners to complete—they'll want to make it their own
• Use past project costs and trusted contractor input for accurate pricing
• Always add at least 10% contingency for surprises (there will always be some)
• Avoid vague language, be extremely specific about what needs to be done
• If something changes during the project, update the scope document immediately
Want an example of our rehab scope of work document? Click on the link in the show notes and you can grab it for free.
CLICK HERE for an example of the SOW we use on our projects.
Want to learn how to flip houses or buy and manage rental properties?
CLICK HERE to learn more about Clark St Investor's Academy.