What is the objective of FLIP ICE?
Top The objective of FLIP ICE is to help you to quickly perform a simple improvement cost estimate that is comprehensive and accurate while giving you important knowledge about how houses are rehabbed: Comprehensiveness. The first goal of FLIP ICE is to help you to not leave anything out. Think of FLIP ICE first and foremost as a detailed checklist for many of the tasks that happen in a typical rehab. We often tell investors that given the choice, it’s better to be comprehensive than to be accurate. What we mean is that if we had to make an estimating mistake, we’d rather be off a little on the price of installing a new window than missing the fact completely that we had to install a new window (a $50 difference verses a $250 difference)! Accuracy. Accuracy, in addition to comprehensiveness, is a critical element to estimating rehabs. In order to help you become an expert, we’ve left the labor and material columns unlocked giving you the option to enter pricing that is more specific to
