When it comes to house flipping, it pays to have a plan. As any successful flipper will tell you, a good Scope of Work (SOW) estimate is critical to the success of any reno project. It establishes the parameters of the renovation from start to finish. The SOW is a detailed document that describes the repair work that needs to be done to make the house sellable. It should include an overview of the project as well as individual line items of the work necessary to complete the job.
As a starting point in the process, we have created a sample SOW spreadsheet that is available in three formats:
- as a printable PDF
- an Excel spreadsheet and
- a Google Sheet.
For the PDF, simply click on the link and save the file directly to your computer. Similarly, you may click on the link for the Excel spreadsheet, then select the Download icon, then you can open the Excel file on your machine and work directly in the file. For the Google Sheet, you will need to first login to your Google account and then make a copy.
Click on this video link as we guide you through the process of creating your Scope of Work for your next real estate investing project.