What is unit turn costs?
In multifamily, the make-ready costs to prepare an apartment for the next resident: paint, cleaning, minor repairs, flooring, and appliances. Routine turns may be operating expenses; larger replacements may be capital.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.