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Renovation Return Worksheet

Structures a renovation decision — what it costs, what it plausibly adds, and which works do not return their spend.

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CategoryReal EstateForAnalysts, Solopreneurs, ConsultantsTested onClaudeChatGPT

Running it, start to finish

  1. State why you are doing the work before anything else.
  2. Get real quotes and research genuine local comparables.
  3. Verify permission requirements and engage a surveyor before committing.

What you get back

The output this produces, every time.

  • Applies the right test — return or use — based on why you are doing the work.
  • Separates necessary defect work, which is not an investment decision, from discretionary improvement.
  • Flags works that commonly cost more than they add or narrow the buyer pool.

Getting better results

Where this usually goes wrong, and how to avoid it.

  • Get real quotes first. Section 3 refuses to invent costs, and rightly — a worksheet built on guessed figures produces a confident wrong answer.
  • Watch the local ceiling. Over-improving for the street is the most common expensive mistake, and section 4 will flag it if your comparables are honest.
  • Consider section 8 seriously. Presentation and decoration frequently achieve most of the effect for a fraction of the cost, particularly before a sale.

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Written for The AI University. Every prompt in this library is original work — authored, tested and revised here, not collected from elsewhere. 365 of them, free with an account.