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Updated over 8 years ago on . Most recent reply
![David Vincent's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/172620/1694567472-avatar-dvincent668.jpg?twic=v1/output=image/cover=128x128&v=2)
Renovation Budget
I presently have a property that I am trying to flip. 4bd, 2 bath, 1,360 sqft, Purchase: 140,000, Reno Budget: 53,000. The property is in need of foundation work which cost 14,200 off the top. Can someone help me come up with an amount I should budget to each area of the property according to the rehab money I have available? Right now, I am playing GC and I rather have a set "standard budget" to begin with before I meet with sub contractors. I just need a template.
Electrical:
Plumbing:
HVAC:
Siding:
Landscaping:
Kitchen:
Flooring:
Bathrooms:
Most Popular Reply
![Robert Leach's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/264341/1621437362-avatar-robertl6.jpg?twic=v1/output=image/crop=525x525@12x0/cover=128x128&v=2)
Looks like you have $40k left to play with. I'll take a shot but keep in mind I have no clue what your house is like but good educated guess would be
Kitchen - $8000.00
2 Baths - $7000.00
Flooring mix of carpet & ceramic tile - $4500.00
Electric (meaning light fixtures and outlet/switches) - $2500.00
Plumbing (meaning finishes) - $1500.00
HVAC (meaning new 80% furnace/3 ton condenser) - $4000.00
Landscaping - $1000.00
Siding - $7000.00
Don't forget painting - $3000.00
And you have a $500.00 cushion lol...not bad for a guess but if I was forced to do that this is how I would budget it.