How Do You Keep Renovation Costs Under Control When Prices Spike?

[Kelly Schroeder]

I’ve been hearing from a lot of investors lately about how renovation costs keep sneaking up — whether it’s materials, labor, or even permit delays. For those actively flipping, this can turn a solid deal into a stressful one fast.

I’m curious: what are your go-to strategies to keep rehab costs predictable and profits steady?
Do you lock in materials early, build relationships with consistent contractors, or budget a certain percentage buffer?

Would love to hear how you’re all adapting, especially with so many market shifts happening this quarter.

(For those who’ve got projects on deck but need fast funding options to stay ahead of costs — happy to share what’s been working for other investors lately.)