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Updated almost 12 years ago,

Emily Dixon's profile image
Emily Dixon's profile image
Emily Dixon
  • Virtual Assistant
  • from Anaheim, California
  • Member since Feb 27, 2013
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Emily Dixon's profile image
Emily Dixon's profile image
Emily Dixon
  • Virtual Assistant
  • from Anaheim, California
  • Member since Feb 27, 2013
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Emily Dixon
  • Virtual Assistant
  • Anaheim, CA
44
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167
Posts
Land & New Construction

always leave a contingency in the budget

Emily Dixon
  • Virtual Assistant
  • Anaheim, CA
Posted

Beware! Just remember when you are building things can change quickly!

I ALWAYS estimate VERY HIGH on my construction costs and make sure a project will still give a decent return with a 15% contingency before pursuing. Say a storm blows through up north and suddenly lumber prices are crazy! You never know what will happen so always have a contingency account.

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