Is Your Budget Driving Your Rehabs?

We all know that developing a budget and a realistic time frame for completion is the first step to a successful rehab project.  So why is it that every time a project gets underway, it seems that the budget is the first thing to get thrown out the window?  From what we've seen happen with investors of all experience levels, as well as my own personal experience with rehabs, it seems that a lot of investors let the scope of work become primary while the budget becomes simply a suggested guideline or "best case" scenario. This lackadaisical way of thinking could significantly impact the health of your real estate business.  We have seen investors' rehab costs exceed their budget by as much as 100%!  While budget overruns of that magnitude are typically ...