Humble Rehab · Estimate
Budget breakdown
Kitchen $0
Bathrooms $0
Flooring & finishes $0
Paint & drywall $0
Electrical, plumbing & HVAC $0
Roof, windows & exterior $0
Permits, inspections & design $0
Contractor & labor $0
Other projects $0
Monthly holding costs $0 How to read this: Renovation subtotal adds the room and project costs you entered. Contingency is the selected percentage of that subtotal. Holding costs multiply your monthly loan payments, taxes and insurance, utilities, and other holding costs by the project duration. The estimated project budget adds all three; it excludes the purchase price and costs not entered.
Example: With a $70,000 renovation subtotal, 15% contingency adds $10,500. If monthly holding costs total $2,300 for four months, they add $9,200, for an estimated renovation-plus-holding budget of $89,700. Replace the sample inputs with contractor bids and your own timeline.
What to verify next The numbers above are planning estimates built from the amounts you entered. These are checks for you to complete with local quotes, documents, and qualified professionals — they are not advice, verified quotes, or confirmed terms.
Collect written bids from at least two or three licensed contractors for the same scope of work. Confirm which parts of the project need permits from your local building department and how long approvals take. Review the contingency amount against the age and condition of the property; older homes often need more. Check financing draw schedules and holding-cost timing with your lender, since funds usually arrive in stages. Your next step Fold your rehab budget into the full purchase picture: run the deal check, or work through the deal worksheet.
Keep your budget Opens an email draft in your default mail app so you can review and send it.
Planning estimate only, based on amounts and schedule you provide. Real renovation costs and timelines can change; confirm scope, bids, permits, and financing terms with qualified local professionals. This estimate excludes acquisition costs, taxes, and expenses not entered. Not financial, tax, legal, or construction advice.