BuildWorksYour property decision
SampleSample property, used to demonstrate the decision. Not a real address, tenancy, quote or market appraisal.
DecideThe recommendation, what it costs and how ready it is

What should we spend on this unit between tenancies?

2-bedroom rental condo
Tenancy ending — preparing to re-let
Recommended

Do the Rental Optimization before you re-list

Renew finishes intended to support a higher achievable rent.

The rent supports the upgrade, with $65.27/mo to spare

The market supports
+$225.00/mo
Confirmed by a rental comparison
The upgrade needs
+$159.73/mo
To beat a Minimum Turn / Repair
Decision margin
+$65.27/mo
Above the threshold

$2,300.00/mo confirmed for the Rental Optimization, against $2,075.00/mo for a Minimum Turn / Repair. That Minimum Turn / Repair rent is modelled, not confirmed.

Approve for firm quotes

You accept this plan as the scope trades will quote. No construction money is released at this step.

  1. Recommendation
    Evidence checked
  2. Approve for firm quotes
    You are here
  3. Confirm final budget
    Quotes replace the estimate
  4. Authorize work
    Capital released
UnderstandWhy this option, against what, and what could change it

Why this option wins

It is the only option that pays for itself

+$533.33 over 24 months. The next-best option, Do Nothing / Defer, ends at -$633.33 — $1,166.66 behind.

The rent premium is confirmed

A rental comparison supports $2,300.00/mo. That clears the threshold by $65.27/mo.

Checked on site: localized flooring repair viable — Yes

Someone went and looked, so this is not an assumption.

It deliberately leaves work out

Not in this plan: Cabinet replacement; Permit-triggering work.

Your three options

Same property, same method, three ways to spend.

Do Nothing / Defer

Re-let at today's rent after only the touch-ups the turnover requires. Elective work is put off, not cancelled.

Upfront
$500.00
Off the market
2 days
Rent after
$2,000.00/mo
24-month position
-$633.33
Lowest upfront cost · Does not pay for itself within the period

Minimum Turn / Repair

Restore rent-ready condition with targeted repair and paint.

Upfront
$2,500.00
Off the market
5 days
Rent after
$2,075.00/mo
24-month position
-$1,033.33
Does not pay for itself within the period
Recommended

Rental Optimization

Renew finishes intended to support a higher achievable rent.

Upfront
$6,000.00
Off the market
10 days
Rent after
$2,300.00/mo
24-month position
+$533.33
Best position over the period
Each option is calculated the same way — upfront cost, rent lost while empty, and rent gained over the period — so the three are directly comparable.

What could change the decision

The things that could flip the answer, kept in front of you instead of buried in an estimate.

If the achievable premium over a Minimum Turn / Repair falls below $159.73/mo
Rental Optimization stops beating a Minimum Turn / Repair and the decision is re-opened. Today's margin is $65.27/mo.
Checked and confirmed
Fixture pricing remains representative, not a firm quote
Firm quotes replace the package estimate before any money is released.
Settled at the quote stage
If the work runs longer than 10 days
Every extra empty day costs rent; 10 days already costs $666.67.
Planned, not contracted

What happens next

  1. Approve for firm quotes
    Trades quote the $6,000.00 plan as scoped. Nothing is spent at this step. Flooring and Fixtures stay allowances until a quote replaces them.
  2. Confirm the final budget
    Firm quotes replace the package estimate. If quotes move the cost, the $65.27/mo margin is re-checked before you commit.
  3. Authorize the work
    Only now is capital released and the 10-day window booked before re-listing.

You accept this plan as the scope trades will quote. No construction money is released at this step.

VerifyThe work, the evidence and the full numbers — open any section

The work

What is in the plan, what is an allowance, and what is left out

Needed to re-let the unit

This trade has to be touched whichever option you pick.

  • Full repaintPaint
  • Flooring renewalFlooring
  • Deep cleanCleaning

Upgrade — only in the recommended plan

This is the elective part that the extra rent has to justify.

  • Lighting/fixture refreshElectrical

Carried as an allowance

Budgeted, not priced. It stays an allowance until a trade quotes it.

  • FlooringAllowance
  • FixturesAllowance

Deliberately not in this plan

Left out on purpose, not forgotten.

  • Cabinet replacementExcluded
  • Permit-triggering workExcluded
The cost is one package figure for the whole plan. There are no per-item prices yet; those arrive with firm quotes.

What this is based on

Every item is marked: Verified · Provided · Estimated · Needs confirmation · Missing

Condition of the property

  • Provided
    Interior paint worn — Yes
    On file
  • Provided
    Flooring wear present — Yes
    On file
  • Verified
    Localized flooring repair viable — Yes
    Confirmed by a check we commissioned

Property and tenancy

  • Provided
    Tenancy ending — Yes
    On file

Rent and market

  • Provided
    Current monthly rent — $2,000.00/mo
    On file
  • Verified
    Verified optimized monthly rent — $2,300.00/mo
    Confirmed by a check we commissioned

What you told us

  • Provided
    Your objective
    Return the unit to market quickly while deploying capital only where expected rental value justifies it.
  • Provided
    Your constraint
    Avoid speculative renovation
  • Provided
    Your constraint
    Target <=10 days planned downtime
  • Provided
    Your constraint
    No permit-triggering scope in this slice
Five source records sit behind this. BuildWorks keeps what a document says separate from what it worked out, and never promotes one into the other.

The detailed numbers

What the recommended plan costs and returns on its own
Upfront capital
$6,000.00
Package estimate for the whole plan
Rent today
$2,000.00/mo
From the lease on file
Rent after the work
$2,300.00/mo
Confirmed by a rental comparison
Rent lost while empty
$666.67
10 days at today's rent
Extra rent over 24 months
$7,200.00
Above what you collect today
24-month financial position
+$533.33
Extra rent, less the spend and the empty days
Held back for surprises
$500.00
Inside the capital figure above
We do not publish a payback period or a rate of return from a package estimate — that would imply a precision this evidence does not support.

Assumptions and limits

What this decision takes as given, and what it does not claim
  • Prices are a package estimate, not firm quotes. Allowances stay allowances until a trade quotes them.
  • The Minimum Turn / Repair rent used for comparison ($2,075.00/mo) is modelled, not confirmed.
  • Every option is compared over 24 months, with empty days costed at today's rent.
  • Planning assumption: No visible substrate failure.
  • Planning assumption: Verified optimized rent case uses $2,300/month.
  • No payback period, rate of return or confidence percentage is shown; the evidence does not support that precision.