Real estate feasibility study is a must before moving ahead with a real estate project. A preliminary feasibility study should be done at the idea stage and should be validated once concept design is done. It can be validated again once the design is complete, you have all the costs in place and market research team has provided the rental/sales data.
Everyone makes mistake and a real estate development analyst is no exception. We should always follow the best practices of building a real estate feasibility study model and should avoid the top 10 mistakes at all costs listed below: