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Handling renovation status: classic, partial, renovated, and custom scopes

How to tag units by renovation status, use multiple scopes, and leverage renovation data in your analysis and comps.

Where to set renovation status

During parsing (web app): In the floor plan mapping step, each floor plan has a Renovation Status dropdown. Options include Classic, Partial, and Renovated. You can also type custom labels.

Bulk editing: Select checkboxes next to multiple floor plans, click Bulk Edit (top right), and apply the same renovation status to all selected floor plans at once. Fast for properties where all one-bedrooms are renovated, for example.

Unit-level tagging: Click the pencil icon next to any floor plan to expand individual units. Set renovation status per unit when floor plans contain a mix of renovated and unrenovated units.

In Excel: In the Rent Roll Analysis tab, the Renovation Status column shows what was set during parsing. You can change values here, and they'll sync when you Save to Archer.

Multiple renovation scopes

Some properties have three or more renovation levels (Classic, Value-Add Phase 1, Value-Add Phase 2, Premium). You can type any label into the renovation status field — you're not limited to the preset options.

Tip: use consistent naming across deals (e.g., always "VA1" and "VA2" rather than sometimes "Phase 1" and sometimes "Partial"). Consistent naming makes your comp data more useful over time.

How renovation status affects analytics

When renovation status is tagged, Archer's rent roll analytics automatically break out:

  • Average rent by renovation scope
  • Rent premium between scopes (e.g., renovated units get $150/month more than classic)
  • 30/60/90 day leasing trends by scope
  • Box-and-whisker comps by scope

These breakdowns appear in both the web app analytics and the Excel model's Rent Roll Analysis tab.

If the rent roll doesn't indicate renovation status

Many rent rolls don't explicitly tag renovated units. Common approaches:

  • Check if the floor plan naming convention includes a renovation indicator (e.g., "A1-R" for renovated)
  • Cross-reference with a separate amenity schedule from the seller
  • Add a renovation column to the rent roll in Excel before uploading — a VLOOKUP from the amenity schedule takes seconds and gives Archer clean data to work with