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Finance / HOW TO

Review acquisition basis and renovation project costs

Keep the building’s purchase-related cost basis distinct from renovation projects, then review recorded stages, area allocations and budget pressure. Use source records and consistent scope before drawing an investment conclusion.

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Before you begin

  • Confirm the building/unit, floor areas and source purchase or project documents.
  • Understand which costs are budget, committed, invoiced or paid in the current records.
  • Agree who owns the project budget and who reviews cost commitments and revisions.

The illustrations use fictional demonstration records. Follow your organisation’s review and approval process before issuing changes.

An owner can see purchase-related extras and renovation budget pressure without mixing every cost into one unexplained figure.

What the workflow coordinates

The interface displays acquisition totals and floor-area allocations, and renovation summaries grouped by several dimensions with budget/actual indicators. No automated valuation, tax calculation, procurement approval or external invoice ingestion was observed.

What people review

People verify source costs and area, maintain stages and budgets, review revisions/commitments and decide how the recorded figures inform an investment or work decision.

01

Select acquisition costs for the correct building

Open Acquisition & renovation → Acquisition costs and select the relevant building. Review the acquisition totals and category breakdown rather than relying on the headline purchase price alone.

Finance / 023

The building and recorded acquisition categories match the intended cost basis.

Review point

The building and recorded acquisition categories match the intended cost basis.

02

Compare the recorded cost stages

Read Budget, Committed, Invoiced and Paid as distinct recorded stages before using Add cost for another source item. A zero can mean no amount has been recorded in that stage, so check evidence rather than interpreting it as proof that the cost does not exist.

Finance / 023

Each stage is understood and any missing source information is identified.

Review point

Each stage is understood and any missing source information is identified.

03

Check floor-area allocation and cost per area

Review the building area and cost-per-square-metre figure, then inspect the unit rows for size, share and allocated amount. The visible acquisition allocation is by floor area, so verify those areas before comparing unit cost bases.

Finance / 023

The area basis and unit shares are credible before the allocation is used in a decision.

Review point

The area basis and unit shares are credible before the allocation is used in a decision.

04

Open the renovation project scope

Select Renovation projects and filter by building, status and date to find the relevant work. Use New project only after checking for an existing project, and review its actual detail form for the building/unit, budget and cost context before saving.

Finance / 024

The work has one identifiable project and the filter scope is explicit.

Review point

The work has one identifiable project and the filter scope is explicit.

05

Choose a useful summary grouping

Switch the summary grouping between Project, Building, Unit, Contractor or Category to answer a specific review question. Keep the selected filters consistent when comparing views so grouped totals do not become a misleading comparison of different scopes.

Finance / 024

The grouping answers a clear question without changing the underlying scope unnoticed.

Review point

The grouping answers a clear question without changing the underlying scope unnoticed.

06

Review budget, commitments and actual exposure

Read Budget, Committed, Actual and Left together, noting that the page defines Actual as invoiced plus paid. Open the relevant project context for a budget revision or overrun instead of assuming that a completed project or a colored progress bar proves budget compliance.

Finance / 024

Remaining commitments, revisions and any overrun have an identified review owner.

Review point

Remaining commitments, revisions and any overrun have an identified review owner.

07

Retain source context for the next review

Keep the source cost, contractor and project references available when reviewing an acquisition allocation or renovation variance. Revisit the same building/project scope after records change, and check cross-report scopes before presenting the totals to owners or an investment committee.

Finance / 024

The cost explanation can be traced to its project/source records and compared consistently over time.

Review point

The cost explanation can be traced to its project/source records and compared consistently over time.

What you should have at the end

The intended outcome is a clearer recorded acquisition basis and a project-level view of renovation budget, commitments and actual spend. Review the project stage and source cost lines before interpreting budget, committed, invoiced or paid totals.

Demonstration notes and availability

  • Reviewed against the official demo at demo.estatereal.io. Screenshots are native 3× captures in English/light mode. Preset records and enabled functions can change.
  • This review followed navigation, record tabs and unsaved forms. It did not submit payments, signatures, invitations, messages or irreversible record changes.

Useful answers

Does Actual mean only cash already paid?+

Not in the observed renovation summary: its definition is invoiced plus paid. Review commitments separately and confirm the configured stages before using the figure.

How are acquisition costs allocated to units?+

The captured acquisition view shows a floor-area allocation with each unit’s size, share and amount. Check the source areas before relying on it.

Does a completed project mean it stayed on budget?+

No. The demo includes a completed project with a visible overrun, so review budget, actual and revision history separately.

Connected capabilities

See this workflow with your portfolio in mind.

Bring your existing process. We’ll walk through the records, responsibilities and services you need.

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