Scope of Work Template for Fix and Flip Projects
By Infinity Lending ServicesUpdated March 4, 20267 min read
Quick Answer
A scope of work (SOW) is a detailed document listing every renovation task, materials, and costs for a fix and flip project. Lenders require a detailed SOW for loan approval, and it serves as the basis for contractor agreements and draw schedules.
Table of Contents
What Is a Scope of Work?
A scope of work (SOW) is a comprehensive document that outlines every renovation task for a fix and flip project. It serves multiple purposes:
- Lender requirement for loan approval and draw scheduling
- Contractor agreement defining exactly what work will be performed
- Budget management tool for tracking costs against estimates
- Draw basis for requesting rehab fund disbursements
Scope of Work Template
Exterior
| Item | Description | Materials | Cost |
|---|---|---|---|
| Roof | Full replacement, architectural shingles | GAF Timberline | $ |
| Siding | Repair damaged sections | Matching vinyl | $ |
| Paint | Full exterior, 2 coats | Sherwin-Williams | $ |
| Windows | Replace 6 windows | Vinyl double-pane | $ |
| Front door | Replace entry door | Fiberglass, deadbolt | $ |
| Landscaping | Clear, grade, seed, shrubs | As specified | $ |
| Driveway | Seal coat existing | Asphalt sealer | $ |
| Gutters | Replace all gutters | Aluminum seamless | $ |
Interior - Kitchen
| Item | Description | Materials | Cost |
|---|---|---|---|
| Cabinets | Remove and install new | Shaker style, soft-close | $ |
| Countertops | Install new | Quartz, undermount sink | $ |
| Backsplash | Install tile backsplash | Subway tile | $ |
| Appliances | All new | Stainless steel package | $ |
| Flooring | Install new | LVP waterproof | $ |
| Lighting | Replace all fixtures | Recessed LED, pendant | $ |
| Paint | Walls and trim | 2 coats, semi-gloss trim | $ |
Interior - Bathrooms
| Item | Description | Materials | Cost |
|---|---|---|---|
| Vanity | Replace | 36" with granite top | $ |
| Toilet | Replace | Elongated, water-saving | $ |
| Tub/Shower | Reglaze or replace | Acrylic surround | $ |
| Tile | Floor and walls | Porcelain | $ |
| Fixtures | Replace all | Brushed nickel | $ |
| Mirror | Replace | Framed mirror | $ |
| Exhaust fan | Replace | Ventilation fan with light | $ |
Mechanical Systems
| Item | Description | Materials | Cost |
|---|---|---|---|
| Electrical | Panel upgrade, rewire as needed | 200 amp panel | $ |
| Plumbing | Replace supply lines | PEX piping | $ |
| HVAC | Replace furnace and AC | High-efficiency system | $ |
| Water heater | Replace | 50-gallon gas or electric | $ |
General Interior
| Item | Description | Materials | Cost |
|---|---|---|---|
| Drywall | Repair and install | 1/2" drywall | $ |
| Paint | All rooms, 2 coats | Neutral colors | $ |
| Flooring | Install throughout | LVP or hardwood | $ |
| Trim | Replace baseboards and casings | MDF primed | $ |
| Doors | Replace interior doors | 6-panel, primed | $ |
| Hardware | All door and cabinet hardware | Brushed nickel | $ |
| Lighting | Replace all fixtures | LED throughout | $ |
Other Costs
| Item | Cost |
|---|---|
| Permits | $ |
| Dumpster rental | $ |
| Cleaning | $ |
| Staging | $ |
| Contingency (10-15%) | $ |
| Total Rehab Budget | $ |
Tips for a Strong Scope of Work
- Be specific about materials: Brand names, grades, and finishes
- Separate labor and materials when possible
- Include quantities: Square footage, number of units, linear feet
- Add photos of current conditions for each area
- Reference comparable renovations for material quality
- Include contingency: 10-15% of total rehab budget
- Get contractor sign-off: Have your contractor review and agree to the SOW before submitting to the lender
Related Reading
Key Takeaways
- ✓A detailed SOW is required for most fix and flip loan approvals
- ✓Organize by category: exterior, interior, systems, finishes
- ✓Include material specifications and labor costs separately
- ✓The SOW drives your draw schedule and contractor management