FAQ: How should I model refurb and BRRR deals?

Practical notes for using Koreograph to value, finance, track and compare property opportunities.

Short answer

Use a refurb scenario when works change cost, timing, rent, valuation or finance. For BRRR-style deals, the refurb and refinance assumptions are usually the heart of the model.

How it works in Koreograph

You can itemise refurb costs, set a refurb duration, model how works are funded and set an after-repair value. Koreograph then shows the effect on forced equity, cashflow, finance costs, refinance and final wealth.

Developer view

Stress the refurb budget, programme and ARV. The best-looking BRRR deals often rely on three assumptions being right at once: cost, valuation and refinance terms.