Cost-Benefit Analysis Checklist
Initial Costs Assessment
Material Costs
- [ ] Basic materials required
- [ ] Specialty items needed
- [ ] Backup/spare parts
- [ ] Shipping/delivery costs
- [ ] Storage requirements
Labor Costs
- [ ] Professional installation
- [ ] Contractor fees
- [ ] Design consultation
- [ ] Permit fees
- [ ] Inspection costs
Additional Expenses
- [ ] Temporary housing if needed
- [ ] Equipment rental
- [ ] Debris removal
- [ ] Storage during work
- [ ] Contingency budget (15-20%)
Long-term Savings
Energy Efficiency
- [ ] Lighting improvements
- [ ] HVAC efficiency
- [ ] Water conservation
- [ ] Insulation benefits
- [ ] Smart technology savings
Maintenance Reduction
- [ ] Reduced repair needs
- [ ] Lower cleaning costs
- [ ] Decreased wear and tear
- [ ] Extended equipment life
- [ ] Simplified maintenance
Property Value Impact
Market Appeal
- [ ] Broader buyer demographic
- [ ] Modern feature appeal
- [ ] Future-proofing value
- [ ] Competitive advantage
- [ ] Market trend alignment
Insurance Benefits
- [ ] Premium reduction potential
- [ ] Liability Reduction
- [ ] Safety improvement value
- [ ] Coverage advantages
- [ ] Claims reduction potential
Financial Planning
Funding Sources
- [ ] Available grants
- [ ] Tax credits/deductions
- [ ] Insurance coverage
- [ ] Home equity options
- [ ] Payment plans
Return on Investment
- [ ] Energy cost reduction
- [ ] Maintenance savings
- [ ] Insurance savings
- [ ] Property value increase
- [ ] Healthcare cost reduction
Hidden Savings
Health Benefits
- [ ] Injury prevention
- [ ] Improved mobility
- [ ] Reduced strain
- [ ] Better air quality
- [ ] Stress reduction
Quality of Life
- [ ] Independence value
- [ ] Comfort improvement
- [ ] Time savings
- [ ] Convenience benefits
- [ ] Social engagement opportunities
Notes:
- Document actual costs when known
- Include quotes from multiple sources
- Calculate ROI for significant improvements
- Track ongoing savings
- Update annually or as needed
