Managing your costs in a reno project is critical. It doesn’t matter whether you are renovating your family home, an investment property or a property you are planning to flip for a profit. If you lose track of your costs, you could end up spending significantly more than you had planned to.

There are three types of costs involved in a renovation project:

Holding cost
Labour costs
Material costs

The goal is to produce a quality renovation for the best price possible. The labour costs are by far the biggest costs involved in renovations, followed by the cost of your materials.
In this episode I'm going to discuss my ten tips to help you keep your labour and material costs to a minimum.


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