Budgeting
The hardest part about choosing an investment property is budgeting. Whether it needs a TON of work, or just a moderate amount, the ability to plan ahead and stick to a plan is CRUCIAL in building your dream home.
Without budgeting, without planning, and forecasting, building your dream custom home would really come down to the ‘Luck of the Draw’.
When you have been a small business owner for 25 years, you understand that forecasting financial expenses is a necessity. Even MORE so when you manage a small company, work part time AND manage a household.
But nothing is impossible, if you know how to manage expenses on the computer. 25 years ago, I don’t know how people would have done this, but now things are easier. Being able to seamlessly use Google Sheets, or Microsoft Excel Online is a dream come true. But not everything is as simple as a simple list of expenses.
But it’s only through Teamwork- working with some great contractors, and being able to rely on other people. It’s a tough process, but I have some tricks up my sleeve, and I’d love to tell you more.. but I don’t want to share ALL my secrets.
Return to ‘The Process‘
