Terminology for "Upside Potential" / "Renovations for ++$"?

[Cathy Malmrose]

Hi, I'm about to put a quad on the market that has been pulling $31k /year in NET profit but could be pulling more with a few more renovations. For the buyer I am submitting: 

1.  a 2020 P&L

2.  a list of the renovations I have done to the building from 2019-current -- what is this called? 

3.  a list of what could still be done to pull in another $5k/year -- what is this called? 

An example for #3 -- for about $600 the basement can be divided into storage unit areas, locked doors for the tenants and that pulls in an extra $100 per tenant who opts in / who wants to rent one. 

Help? Buyer wants the lists yesterday. Of course.