When I was starting my daycare, I wanted to find a building that was brand new with the best heating and cooling system and brand new carpeting.
I quickly learned that was not going to be possible when I saw the costs for the buildings.
I had to settle on an older building that was in the eastern part of the city. I was just outside of the neighborhood. It was a good place for the daycare and real estate prices were cheap. I actually got a lot of calls when I put up a sign outside that said I was going to be opening in a few weeks. I had to call someone to help me with all of the repairs that needed to be made. There were a lot of problems with the building. One of the repairs that were important to make was with the ductwork. The ductwork repairs were significant, because the building was old. I wanted to make sure that the building was equipped with a state of the art HVAC system and an air filtration system. The repairs were definitely more expensive than I expected. The contractor kept adding more and more fees to the estimate. By the time we were done, I had spent more than $100,000 to repair the building. My budget for the repairs was $75,000, so I blew the budget out of the water. Luckily I had a lot of clients sign up for daycare services before we even opened the doors. I knew it wasn’t going to take very long to recover all of the money I spent to make the place nice.