Not every project that “improves” a property actually improves your return.

New kitchens, baths, ADUs, and amenity upgrades all sound good—until you compare the cash and time required to the rent or value they really add.

The Value‑Add Decision & ROI Worksheet helps you pressure‑test each potential project before you green‑light it, so you know whether to invest, phase, or walk away.

What the worksheet walks you through:
– Project scope and total budget (labor, materials, soft costs, permit fees)
– Current rent, projected post‑project rent, and realistic lease‑up assumptions
– Impact on operating expenses and maintenance burden
– Simple payback period, annualized ROI, and effect on cap rate/value
– A “Go / Modify / No‑Go” summary section that forces the decision onto one line

Use it on existing holdings to decide which properties deserve capital first, or on new acquisitions to see whether the value‑add story actually pencils out in the real world—not just in the broker package.