A scope of work (SOW) is an itemized rehab plan and budget listing the repairs and improvements a property needs, with estimated costs per line item. It aligns investors, contractors, and lenders on the renovation.

Assess the property's condition, list required work room by room and system by system, and price each item using local labor and material costs. OfferMarket's tool can generate a contractor-ready SOW from photos or review an existing budget for feasibility.

Repair cost is a core input to your ARV, maximum allowable offer, and fix and flip returns. An accurate scope prevents overpaying and protects your profit.