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Investor property-work guide

Investment Property Rehab Scope Worksheet

This is the fill-in working version of the rehab-scope guide. Use it to turn property condition and investor decisions into a structured scope that a contractor can actually review and price.

Direct answer

This is the fill-in working version of the rehab-scope guide. Use it to turn property condition and investor decisions into a structured scope that a contractor can actually review and price.

The explanatory guide teaches the method. This worksheet is the execution artifact.


A. Project identity

Property address: _________________________________________

Project / internal ID: ____________________________________

Owner / entity: __________________________________________

Scope version: ____________________________________________

Scope date: ______________________________________________

Prepared by: _____________________________________________

Property status: vacant / occupied / under contract / turnover / other

Intended outcome: rent-ready / resale-ready / stabilization / value-add / repair / other

Target completion window: _________________________________


B. Project-wide assumptions

Record assumptions that affect the whole bid.

  • Property access assumption: __________________________________
  • Utility status assumption: ___________________________________
  • Occupancy assumption: ________________________________________
  • Work-hours restriction: ______________________________________
  • Debris / disposal responsibility: _____________________________
  • Permit responsibility: _______________________________________
  • Inspection responsibility: ___________________________________
  • Material delivery / storage responsibility: ___________________
  • Owner-furnished materials: ___________________________________
  • Contractor-furnished materials: _______________________________
  • Progress-evidence expectations: _______________________________
  • Change-order approval process: ________________________________
  • Final clean responsibility: __________________________________
  • Punch / closeout process: ____________________________________

C. Known unknowns register

Use this before pricing so uncertainty does not disappear into the bid.

IDUnknown conditionBase assumptionEvent that reveals itChange process
U-01
U-02
U-03
U-04

Examples:

  • subfloor condition under failed flooring;
  • concealed wall damage after demolition;
  • exact electrical corrective scope pending licensed review;
  • drain-line condition pending diagnosis;
  • roof deck condition pending removal.

D. Area-by-area scope worksheet

Duplicate this section for each room, exterior area, or system.

Area / system: ______________________________

Existing condition

____________________________________________________________

Remove / demolish

____________________________________________________________

Repair / prepare

____________________________________________________________

Install / replace

____________________________________________________________

Quantity

Known quantity: ___________________________________________

Who verifies quantity? owner / contractor / field measure / allowance

Material / performance standard

____________________________________________________________

Finish condition / acceptance criteria

____________________________________________________________

Known exclusions

____________________________________________________________

Owner-furnished items

____________________________________________________________

Allowances

____________________________________________________________

Open selections

____________________________________________________________

Dependencies

What must happen before this work can start?

____________________________________________________________

What work depends on this being finished?

____________________________________________________________

Evidence required

  • ☐ Initial condition
  • ☐ Before concealment
  • ☐ Mid-work / milestone
  • ☐ Final condition
  • ☐ Model / serial
  • ☐ Permit / inspection record
  • ☐ Other: __________________________________

Notes / clarifications

____________________________________________________________


E. System-specific worksheet

Use this when room-by-room organization is not sufficient.

Roofing

Desired outcome: __________________________________________

Known condition: __________________________________________

Specialist / licensed review status: ________________________

Permit / inspection status: _________________________________

Known exclusions / unknowns: ________________________________

HVAC

Desired outcome: __________________________________________

Known equipment: __________________________________________

Known condition: __________________________________________

Sizing / diagnostic review needed? __________________________

Permit / inspection status: _________________________________

Electrical

Desired outcome: __________________________________________

Known concern: ____________________________________________

Licensed review status: ____________________________________

Known equipment / panel information: ________________________

Plumbing

Desired outcome: __________________________________________

Known concern: ____________________________________________

Licensed review status: ____________________________________

Known leak / drainage evidence: _____________________________

Structure / envelope / moisture

Desired outcome: __________________________________________

Known concern: ____________________________________________

Specialist review status: __________________________________

Water / moisture evidence: __________________________________


F. Selections register

IDCategorySelected itemManufacturer / model / colorApproved alternate rule
S-01
S-02
S-03

Selections should be specific enough that bidders do not silently substitute different quality levels.


G. Allowance register

IDCategoryAllowance amountWhat it coversWhat it does NOT coverSelection deadline
A-01
A-02
A-03

Do not use allowances as a bucket for undefined scope.


H. Alternates

Keep optional decisions outside the base scope.

AlternateDescriptionWhy optionalSeparate price required?
ALT-01yes / no
ALT-02yes / no
ALT-03yes / no

I. Clarification log before bid release

QuestionAnswerScope section changed?Version updated?

If a clarification materially changes the project, update the scope instead of relying on a private text thread.


J. Bid-return requirements

Require each bidder to return the same minimum information.

  • ☐ Base-scope total
  • ☐ Allowances listed separately
  • ☐ Alternates listed separately
  • ☐ Assumptions
  • ☐ Exclusions
  • ☐ Quantity notes
  • ☐ Permit responsibility
  • ☐ Inspection responsibility
  • ☐ Owner-furnished items
  • ☐ Lead-time concerns
  • ☐ Schedule / duration assumption
  • ☐ Payment structure
  • ☐ Warranty information
  • ☐ Clarifications required before contract

K. Scope readiness review

Before sending this worksheet to contractors:

  • ☐ Every major work area is represented.
  • ☐ Existing conditions are separated from assumptions.
  • ☐ Unknown conditions have a rule.
  • ☐ Quantities are known or responsibility is assigned.
  • ☐ Selections and allowances are not confused.
  • ☐ Optional work is separated from base scope.
  • ☐ Licensed / specialist review is identified where relevant.
  • ☐ Permit responsibility is addressed where relevant.
  • ☐ Evidence expectations are defined.
  • ☐ Closeout expectations are defined.
  • ☐ Version/date are visible.

Relationship to the existing rehab-scope guide

Use Investment Property Rehab Scope Template: Build a Scope Contractors Can Price when you need the explanation and examples behind these fields.

Use this worksheet when you are ready to fill in a real property.

That distinction keeps the content graph useful: one page teaches; one tool executes.


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