report on a business project . just a general report

Our CREO DICTICH TAURICU help pay down their mortgage. They requested our services to renovate their basement suite. 2.0 Business Objective The objective is to renovate the clients existing 1000 sq ft basement suite so they can rent it out and help pay down their mortgage. The renovation is also expected to increase the sale value of the property by 10%. We estimate the unit could be rented for $2500/month, which would allow the client to pay back their budget within 3 years. See section 7 and exhibit A for financial analysis, 3.0 Current Situation and Problem/Opportunity Statement Q+ The current rental unit is unusable, so it's wasting space which the clients could either be using themselves or renting to pay off their mortgage. A $1,450,000 mortgage at a conservative interest rate of 3.64% results in monthly payments of approximately $7,350, so any additional cash flow is extremely valuable to the clients. The home is also expected to increase in value after the renovation is completed. 4.0 Critical Assumption and Constraints 4.1 Assumptions: Neighbors will tolerate noise and other inconveniences caused by construction