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A budget driven scope is a scope that is created based upon a pre-determined budget amount. For example, if you have decided you want to spend an average of $7,000 per unit on our renovation costs, we will develop your scope based off that number. We will include targeted and specific scope items & material selections to maximize your ROI.
A scope driven budget is a scope that is developed based on your needs and wants within your unit rehab program. We will write your scopes and work with you to pick the material selections you want to obtain your desired product to go to market with. Your budget will be identified once we get pricing back on you bid packages. We can make modifications to your scope once pricing is known.
While developing your scope, we will work with you to develop different options so you can choose your final rehab scope. This may be laminate vs granite countertops, or refacing vs replacing cabinets. These options can be a great way to not only maximize your final selections within your budget, but to also give you options that are easy to weigh against each other.
Material selections are critical to the long term success of your rehab program. It is important to pick material that is durable and easily fixable down the road. We will help you pick material that your site team can easily get repair parts for years down the road and products that can withstand the rigors of your residents.
Proper labor and material procurement can result in a huge savings within your rehab program. Especially as your portfolio and unit count grows. We will help you leverage contractors and suppliers to drive down the cost of your product using economies of scale within and outside your program.
Rebates can be another critical form of increasing the ROI of your rehab program. We will help you find the right material and suppliers to create your own rebate programs. This can be through appliances, flooring and even some government programs.