Prior to committing properties to development schemes that
may prove to be economically non-viable, prudent real estate investors should
invest in a Feasibility Study for the proposed project. The Feasibility Study
should generally include preliminary plans for the development and financial
statistics demonstrating the return on investment anticipated by the project.
While this on the surface may seem simple, depending upon the nature of the
project, a professional Feasibility Study typically requires in-depth research
demonstrating support for all projections and conclusions. Feasibility Studies
are a higher level of service than that offered by most appraisal firms. Only
firms and appraisers with Feasibility Study expertise should be selected for
any assignment of this sort.
ELLIOTT® has experience with Feasibility Studies and offers
this service in all fifty of the United States. Call our office to learn more
about what we may do for you.