SCOPE & COST TEMPLATE

Full Gut Renovation Cost Template and Scope of Work

Build a preliminary, trade-by-trade scope and renovation budget for a single-family property that will be stripped back to its structural shell. Edit quantities, labor, materials, markups, and hidden-condition contingency, then print the completed template or save it as a PDF.

Planning tool: Enter local contractor bids, supplier quotes, permit fees, testing costs, and project-specific allowances. Confirm concealed conditions, environmental hazards, structural requirements, and code upgrades with qualified local professionals before authorizing work.
1

Project information

Identify the property and establish the assumptions used in the budget.

2

Budget adjustments

Apply project-wide allowances after entering line-item labor and material costs.

Calculation order: line-item labor and materials → local cost adjustment → material sales tax → permits, testing, and inspection fees → GC markup → hidden-condition contingency.
3

Scope of work and costs

Select the work that applies, enter quantities and unit costs, and add project-specific notes.

Qty quantity Unit SF, LF, EA, LS, etc. Labor cost per unit Material cost per unit
4

Project notes and exclusions

Record bid qualifications, concealed-condition assumptions, owner-supplied materials, unresolved selections, and excluded work.

Budget summary

Important planning limitations

This worksheet produces a preliminary full gut renovation budget from information entered by the user. It is not a contractor bid, appraisal, property inspection, environmental assessment, architectural plan, engineering report, code analysis, loan estimate, or construction contract. Verify concealed conditions, hazardous materials, structural requirements, quantities, specifications, pricing, permits, utilities, insurance requirements, and applicable codes with qualified local professionals before purchasing property or authorizing work.

NEXT-STEP DEAL ANALYSIS

Take This Renovation Budget Into a Complete Deal Analysis

Rehab Valuator helps you evaluate the purchase, financing, holding costs, resale assumptions, and projected profit alongside the full gut renovation budget you developed here.

Analyze the Deal With Rehab Valuator Affiliate disclosure: Foreclosure Flips may earn a commission from qualifying purchases at no extra cost to you.


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