Making changes to a project mid renovation is a budget killer. Ensure you have a proper plan in place before beginning and make sure you constantly track money in and out so that you can stay on top of your finances. You don't want to get to the end of the project and be short funds to finish. #contractorlife #realestateinvesting #renovation #realestateinvestor #budget #expenses #investmentproperty
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Expect the unexpected… Always make sure you have a healthy contingency allowance in your budget for those unexpected instances that always end up showing up when you start ripping walls apart. #budgeting #renovation #projectmanagement #investmentproperty #propertyinvestment #homesforsale #realestateinvesting
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Great and succinct budget summary here which I suspect will be of interest to many.
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As we approach Budget, I have one and only simple expectation for the real estate Industry. U N S H A C K L E R E A L E S T A T E It is time we sought for freedom for real estate from unnecessary approvals and over engineered processes, which allow unwanted vested interest becoming impediments to progress of this nation. Simple is always better! #expectations #budget #realestate
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New proposed items in the 2024 budget that may help or effect you when it comes to real estate! #update #budget2024 #realestate #knowledge
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Underestimating Expenses - Budgeting Beyond the Purchase Price 💰🧾📉 . It’s easy to focus on the purchase price of a property, but underestimating ongoing expenses can lead to financial headaches. Properly budgeting for all costs ensures you maintain profitability and avoid cash flow issues. . Commonly Overlooked Expenses: . Maintenance and Repairs: Regular upkeep is essential to preserve property value. Property Management Fees: If you’re not managing the property yourself, these fees can add up. Insurance and Taxes: Make sure you factor in property insurance and local taxes. Pro Tip: Create a detailed budget that includes all potential expenses and build in a buffer for unexpected costs. This way, you can maintain a healthy cash flow and protect your investment. . What unexpected expenses have you encountered in your real estate journey? How did you handle them? Let’s discuss! . . #ExpenseManagement #Budgeting #PropertyCosts #FinancialPlanning #REITips #experttip #realestatetips #SimplifiedREI
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When building a house, it's important to consider costs like materials, labor, permits, and unexpected expenses. Planning ahead can help you stay within budget and avoid financial surprises. #HomeBuilding #CostConsiderations #Budgeting #thedocofrealestate
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💰 Understanding the costs associated with escrow can help you budget effectively. Ask for an estimate of fees and other expenses upfront. This will give you a clear picture of what to expect financially and help you avoid any surprises at closing. 💸 #EscrowTips #KnowYourCosts #RealEstateAdvice #SomersetEscrow #HomeBuying #FinancialPlanning #Budgeting
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Did you know? Estate planning isn't just for the wealthy. Everyone can benefit from having a will and designated beneficiaries. #estateplan #estateplanning #budget
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Fully expecting "foundations", "construction" and "building/rebuilding" to be at the heart of the Budget today. I am looking forward to it, and do believe there will be a lot of looking ahead. Naturally, there will be announcements that won't be liked, announcements that will be loved. As ever, it will depend upon the perspective one takes, and personal circumstances. I don't think I have ever known a Budget where everybody was happy! Tune in from 12.30pm, it promises to be fascinating. #BudgetDay #Budget2024 #PositiveOnPurpose #Change
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Fiscal Year 2026 budget planning process begins Contact me to discuss the latest scoop in real estate! #realestatebroker #realestateagent #mabroker #realestateboston #greaterboston #bostonrealestateagent #marealestate #bostonrealtor #bostonrealestate #massrealestate
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