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
Working position

Minimum Turn / Repair for now — check two things first

Restore rent-ready condition with targeted repair and paint. Every option is costed, but two open questions could still change which one wins.

Is the upgrade worth it? Not confirmed yet

Modelled premium
+$175.00/mo
Not yet confirmed
The upgrade needs
+$159.73/mo
To beat a Minimum Turn / Repair
Modelled margin
+$15.27/mo
Rests on an unchecked rent

$2,250.00/mo modelled for the Rental Optimization, against $2,075.00/mo for a Minimum Turn / Repair. If a rental comparison confirms at least $159.73/mo over a Minimum Turn / Repair, and the other open check supports the scope, Rental Optimization may become preferable. Otherwise Minimum Turn / Repair remains the working position.

Order the two checks

They decide whether the upgrade earns its cost. Nothing is approved at this step.

  1. Recommendation
    Verify first
  2. Approve for firm quotes
  3. Confirm final budget
  4. Authorize work
UnderstandWhy this option, against what, and what could change it

Where this plan stands

Do Nothing / Defer loses less on the numbers

$400.00 less over 24 months. Minimum Turn / Repair is the working position because it deals with the worn paint and floor wear we observed; Do Nothing / Defer re-lets at today's rent and leaves that for later. That is a judgement about condition, and it is yours to make.

The upgrade is close, but unconfirmed

Modelled at $175.00/mo over a Minimum Turn / Repair, against $159.73/mo needed. Nobody has checked that rent against the market yet.

It deliberately leaves work out

Not in this plan: Full flooring replacement.

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 · Loses the least · Does not pay for itself within the period
Working position

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

Rental Optimization

Renew finishes intended to support a higher achievable rent.

Upfront
$6,000.00
Off the market
10 days
Rent after
$2,250.00/mo
24-month position
-$666.67
Does not pay for itself within the period
On the numbers alone, Do Nothing / Defer loses the least. It re-lets at today's rent with only the touch-ups the turnover requires, leaving the worn paint and floor wear for later. Minimum Turn / Repair is the working position because it deals with that wear now — a judgement about condition that BuildWorks shows you rather than hides.

What could change the decision

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

If a rental comparison confirms at least $159.73/mo more than a Minimum Turn / Repair, and the other open check supports the scope
Rental Optimization may become preferable. Otherwise Minimum Turn / Repair remains the working position.
Not yet confirmed
Can worn flooring be spot-repaired, or is full replacement required?
Changes direct capital cost and downtime.
Open — checked next
If you would rather leave the observed wear for later
Do Nothing / Defer comes out $400.00 better over 24 months and becomes the better choice on the numbers.
Your call
If the work runs longer than 5 days
Every extra empty day costs rent; 5 days already costs $333.33.
Planned, not contracted

What happens next

  1. Complete a current rental CMA using comparable units with materially similar location, size, parking and finish level.
    Record supported achievable rent range, source dates and comparable references.
  2. Inspect flooring in person and obtain a repair-vs-replacement scope from a qualified flooring trade.
    Record repairability, affected area, quoted scope, price and downtime.
  3. Then approve the winning option for firm quotes
    Whichever option the checks support goes to trades for pricing. No construction money is released before that.

They decide whether the upgrade earns its cost. Nothing is approved 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.

  • Patch/paintPaint
  • CleaningCleaning
  • Localized flooring repair allowanceFlooring

Carried as an allowance

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

  • Floor repair allowanceAllowance

Deliberately not in this plan

Left out on purpose, not forgotten.

  • Full flooring replacementExcluded

Investigate before committing

These could still change the scope.

  • Will the local market support at least a $225/month rent premium after optimization?Investigate
  • Can worn flooring be spot-repaired, or is full replacement required?Investigate
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

Property and tenancy

  • Provided
    Tenancy ending — Yes
    On file

Rent and market

  • Provided
    Current monthly rent — $2,000.00/mo
    On file

Still missing

  • Missing
    Will the local market support at least a $225/month rent premium after optimization?
    Can change optimization from value-positive to value-negative over the 24-month horizon.
  • Missing
    Can worn flooring be spot-repaired, or is full replacement required?
    Changes direct capital cost and downtime.

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
Three 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
$2,500.00
Package estimate for the whole plan
Rent today
$2,000.00/mo
From the lease on file
Rent after the work
$2,075.00/mo
Modelled, not yet confirmed
Rent lost while empty
$333.33
5 days at today's rent
Extra rent over 24 months
$1,800.00
Above what you collect today
24-month financial position
-$1,033.33
Extra rent, less the spend and the empty days
Held back for surprises
$300.00
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.
  • The Rental Optimization rent ($2,250.00/mo) is modelled, not confirmed.
  • Every option is compared over 24 months, with empty days costed at today's rent.
  • Planning assumption: Flooring can be locally repaired.
  • No payback period, rate of return or confidence percentage is shown; the evidence does not support that precision.