Managing the rehab process is one of the most important parts of real estate investing, especially when flipping properties. Accurate cost estimates can make or break a deal, and having the right tool can save investors time and headaches. That’s where DealPilot’s rehab tool comes in. This tool is designed to take the complexity out of planning renovations by providing real-time cost estimates and helping investors stay on budget.
Let’s dive into the features that make this tool an essential part of any investor’s toolkit.
DealPilot’s rehab tool comes with all the essentials to make managing renovation projects easier. From major repairs like roofing to smaller cosmetic changes like paint or flooring, the tool lets investors build a detailed list of everything their property needs. What makes this tool stand out is its ability to break down projects into clear categories, helping investors stay organized throughout the renovation process.
The tool also provides estimated material and labor costs, so you’re not left guessing. You can see exactly what each task will cost before you even begin, which is a game-changer when it comes to staying within budget.
One of the most unique features of DealPilot’s rehab tool is its use of SKUs (Stock Keeping Units). This integration gives investors access to real-time pricing for all the materials they’ll need. Whether you’re sourcing flooring, paint, or even appliances, DealPilot automatically pulls the current costs, ensuring you’re working with accurate numbers.
The availability of SKUs means you don’t have to manually look up prices or rely on outdated estimates. You’ll know exactly what materials are going to cost, down to the cent, allowing you to make more informed decisions and keep your project on track.
The power of DealPilot’s rehab tool isn’t just in its data—it’s also in the way it automatically calculates everything for you. Once you input the scope of your renovation, the tool does all the math, factoring in labor, materials, and other costs like delivery or taxes.
This is especially helpful because it eliminates the risk of human error. Instead of doing the math yourself or worrying about missing something, DealPilot keeps everything updated as you tweak your renovation plans. If you decide to swap out one material for another or adjust the size of a project, the system automatically recalculates your costs in real time. It’s fast, accurate, and keeps you on top of your budget.
Every property renovation is different, and DealPilot recognizes that by offering customization options for its rehab tool. You can add custom line items, adjust material types, and even factor in specific local labor rates. This makes the tool adaptable, whether you’re working on a light cosmetic refresh or a full-scale renovation.
Additionally, DealPilot allows investors to create detailed reports that can be shared with contractors, lenders, or partners. These reports are automatically updated as your project progresses, giving everyone involved a clear picture of the costs and timeline. This is especially useful if you’re working with private money lenders or need to show your plans to stakeholders in a professional format.
DealPilot’s rehab tool is designed to take the guesswork out of property renovations. With built-in essentials like a comprehensive SKU database and automatic cost calculations, it offers investors a simple way to estimate rehab costs quickly and accurately. Whether you’re flipping houses or doing long-term rentals, this tool helps you stay on budget while providing professional-grade reporting to keep everyone on the same page. For investors looking to streamline the renovation process, DealPilot’s rehab tool is an invaluable asset.
