Basis Property GroupFull component index ↗

Inside a garden apartment community

See what gets built, what gets installed, and how a study classifies each asset.

Preparing your communityThe complete model loads before the walkthrough begins.
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Empty siteBuild & classifyYear-one totals
Preparing the model and materials…

That was a hypothetical garden apartment community. Yours has its own purchase price and land split.

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Edit the dollar example & see the assumptions

This is an illustrative $5.7 million, 24-unit garden apartment community, not a study of any real property. Change the numbers to explore proportional allocations; a study determines actual asset costs.

Full example assumptions and allocation table

See the rendered stills
A row of first-floor two-bedroom apartments seen from above with the upper floor hidden, showing living rooms, kitchens, bathrooms and bedrooms.
First-floor apartments with the floor above hidden
A roof-open view of the upper apartments and shared access gallery overlooking the courtyard.
The upstairs apartments and access
The attached clubhouse with a resident lounge, kitchenette, bathroom and enclosed leasing office.
The resident clubhouse and office
An overhead plan of three apartment wings around a pool, pedestrian courtyard and resident parking.
The shared garden courtyard

Blender renders of the same model the walkthrough uses.

Orchavell Gardens: every component and its recovery period

The fictional community leases 24 unfurnished two-bedroom apartments to long-term tenants. The tables below list every component this walkthrough builds, the recovery period it is assigned in this illustration, and its illustrative allocation.

illustrative scenario. A real study's allocation comes from the specific property's own records.

By recovery period

Recovery periodComponentsIllustrative amountBonus-eligible here
5-year6$217,000yes
7-year1$14,000yes
15-year8$705,000yes
27.5-year (building)13$3,564,000no
Total allocated to depreciable property28$4,500,000

Component by component

ComponentRecovery periodIllustrative amount
First-floor appliancesThe removable refrigerators, ranges and laundry appliances use 5 years in this example.5-year$48,000
Second-floor appliancesThe separate upper kitchen and laundry appliances use 5 years in this example.5-year$48,000
Upper carpets and blindsThe removable upper bedroom carpet, pad and window blinds use 5 years in this example.5-year$43,000
Resident lounge equipmentThe removable resident lounge furniture, television and pool seating use 5 years in this example.5-year$35,000
First-floor bedroom carpetsThe removable bedroom carpet and pad use the 5-year schedule in this example.5-year$25,000
First-floor window blindsThe readily removable first-floor window blinds use 5 years in this example.5-year$18,000
Leasing office furnitureThe administrative leasing desk, chair and filing cabinet use 7 years in this example.7-year$14,000
Parking and entry driveThe detached parking, striping and entry drive are 15-year land improvements in this example.15-year$260,000
Pool and paved courtThe independent outdoor pool, dedicated equipment and paved court use 15 years in this example.15-year$150,000
Courtyard walksThe detached courtyard walks and pedestrian approach use the 15-year schedule in this example.15-year$75,000
Landscape beds and plantingThe installed landscape beds and planting with a determinable life use 15 years in this example.15-year$65,000
Stormwater drainageThe independent exterior stormwater network is a 15-year land improvement in this example.15-year$55,000
Pool fence and gateThe detached pool fence and gate are 15-year land improvements in this example.15-year$45,000
Courtyard site lightingThe freestanding courtyard and parking lights use 15 years in this example.15-year$35,000
Entry monument signThe independent permanent entry sign uses the 15-year schedule in this example.15-year$20,000
First-floor walls & windowsThe ground-floor structure, windows, doors and apartment partitions remain on 27.5 years in this example.27.5-year$890,000
Second-floor wallsThe upper structure, windows, doors, partitions and ordinary fixed fixtures remain building property in this example.27.5-year$805,000
Foundations and entry stoopsPermanent foundations and attached entry stoops remain with the 27.5-year residential buildings in this example.27.5-year$320,000
Upper floors and accessThe structural upper floors, permanent finishes, attached stairs and galleries remain building property in this example.27.5-year$235,000
First-floor bathroomsFixed bathroom fixtures, tile and ordinary plumbing remain residential building property in this example.27.5-year$175,000
Second-floor bathroomsThe fixed upper bathrooms and general plumbing retain the residential building schedule in this example.27.5-year$175,000
First-floor kitchen cabinetsThe attached cabinets, counters and sinks remain with the residential buildings in this example.27.5-year$160,000
Second-floor cabinetsThe attached upper kitchen cabinets, counters and sinks remain building property in this example.27.5-year$160,000
Attached resident clubhouseThe integrated resident clubhouse and its fixed fixtures remain with its residential building in this example.27.5-year$144,000
Building power and lightingThe ordinary power, panels and fixed building lights retain building treatment in this example.27.5-year$135,000
Building heating and coolingOrdinary building heating and cooling remain residential building systems in this example.27.5-year$130,000
First-floor fixed flooringThe permanent first-floor plank and tile finishes remain building property in this example.27.5-year$125,000
Apartment & clubhouse roofsThe permanent apartment and attached clubhouse roofs remain building property in this example.27.5-year$110,000

Sources