How to Prepare a Feasibility Study of a Residential Property?

A feasibility study of a residential property is an analysis that assesses the practicality and potential profitability of a proposed real estate development project. It generally includes an examination of the local real estate market, zoning laws, and building codes, as well as an assessment of the costs associated with the project and an analysis of potential revenue streams. The purpose of the study is to determine whether the proposed project is viable and to provide developers and investors with the information they need to make informed decisions about whether to proceed with the project.