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House Flipping Tip 

A spec sheet is a very effective tool that outlines exactly what it is you want in your property.  It also helps house flippers stay on top of the contractors.  The spec sheet can be used to make sure that everything in your project is exactly what you wanted.  Often times contractors bid low on a project but use low grade materials to make up the difference.   Other times they will say that they use top notch materials but catch a case of the “I forgots” or the “I never saids”, come payment time.   A spec sheet is a great way to make sure these issues do not occur.

What is a Spec Sheet?

The spec sheet is a list that details exactly what materials you want used on the project.  For example your spec sheet for your plumbing may include Moen Faucets with the exact model number, price, where it can be purchased, delivery issues, delivery time frame, special order, etc.  It does not need to include this many details but you get the idea.  The sheet should be submitted to your contractors prior to receiving a bid for your project.  This way there are no discrepancies later on and your contractors can include these costs in the original bid.