You also need to be more careful with your budgeting and keep a good amount of reserves because one big problem could easily exceed your cash flow for the year on a financed property.

We had 30 calls about it after renting it.We went over budget on the remodel by $7500, so we have $72,500 in it, and market value is about $80k.

Just make sure to budget for windows since I know how much you like new windows.

Got a pretty low budget.

They did it within hours so yes talk to ur lian officer and make sure ur inspection is approved and ur gonna need a contractor to provide a proposal after that meets the needs the fha inspection then u can add ur wants after within budget.

Get a budget upfront, and have someone familiar with costs look it over.

Going to approach the owner about the SIL plate issue in the bath to bring the purchase price down another chunk to add a larger MURPHY budget just to be safe.Option period ends on Friday and we should be all good to go as the numbers still are below the 70% mark.On that note I have had enough of today and staring at this computer!

This is why it is important to look into the reserve budget and reserve account to make sure the finances are able to cover future expected/ and unexpected repairs and replacements.

Also, I would never estimate a renovation budget based on square footage.

A lot can happen to a budget between now and September/October, especially with an open HELOC.