A simpler alternative to a flip rehab spreadsheet for contractor commitments, change orders, payments, contingency, and projected rehab cost.
Keep the baseline and current projection together
The most important comparison is the starting rehab budget versus the current projected rehab cost after approved changes.
Use contractor-level records
Instead of a separate tab per trade, assign the contractor to each commitment, change, and payment and let the property rollup stay automatic.
Keep pending work out of committed cost
A quote or possible scope item should be visible without changing the official projection until you approve it.
Frequently asked questions
What should I track on a house flip rehab?
Keep the starting rehab budget, contractor commitments, approved cost changes, pending scope, payments by contractor or vendor, and contingency. Together those numbers show the current projected rehab cost and where the cash is going.
Should contractor commitments increase the rehab total?
Not automatically. A contractor commitment can be an allocation inside the starting rehab budget. Later approved scope increases are what move the projected rehab cost above that baseline.
How should I track multiple contractors?
Use a consistent contractor or vendor name on commitments, cost changes, and payments. That gives you a property-level total and a contractor-level view without separate spreadsheets.
Is RenoTally construction-management software?
No. RenoTally stays focused on the money side of the rehab: budget, contractor commitments, cost changes, payments, contingency, and projected final cost.
Calculate the current projected rehab cost for a house flip after approved additions, credits, pending work, and payments.
Open the free calculator