With that broad parameters they set, I am planning to put a cap on finishes as part of the proposal, say for tiles it will not exceed $2.00/sq ft on the finish material (grouts, mortar and etc not included as finish material and represent tile only), or give out colors on the countertop (ie gallo lines), so they would not choose anything expensive, basically I will be setting cap spending on top materials.

Threw a countertop on them and hung a wall cabinet above that for storage.

Brand new appliances, countertops cabinets and hardwood floors.

I already told them what I generally expected during the time they came out: floor replaced (faux hardwood throughout w/ new tile in bathroom & kitchen), new tub tiled all the way to ceiling, replace sink, replace mirror, new bathroom shelfing, new toilet, reface cabinets or new cabinets if cost efficient, new countertop, reframe all doors, replace baseboard, paint all rooms. 

Price out your Italian Marble showers and counter tops and your custom thermadore/wolf appliance package and this price point is going to seem a little more reasonable. 

Update the counter tops.  

I just bought a condo that is in a high rise and need painting, flooring, counter tops, and plumbing done as soon as possible. 

Some feedback:Your estimated life appears to be for a new property and you may want to adjust for the actual remaining life of the existing items.If you have not included the following items in repairs and maintenance, you may want to include them here: appliances, cabinets, counter tops, lighting, tubs/shower, windows, doors, gutters and porches/decks.Interior paint - 6 years seems long...$2500 seems high...not sure on sizeFlooring seems high - not sure on size...regional flooring companies in my market are very affordable and reliablePlumbing and electrical - I don't have plans to re-plumb or re-wire units every 20-30 years but do include estimated cap ex for fixtures.Off topic but consider LVT rather than laminate wood...it's very durable and can get wet.  

You decide you might as well put nut cabinets and counter tops and flooring in the kitchen, boo ya another  7 grand. 

So you budget for carpet, wood flooring, maybe some updated countertops, some paint, etc.