Does the renovation project stack up?

A feasibility check combines the purchase price, renovation budget, contingency, grant assumptions and estimated finished value.

Five numbers to calculate

  1. Purchase price
  2. Total renovation and professional costs
  3. Contingency
  4. Available grant/finance assumptions
  5. Estimated finished value

From those numbers you can calculate an early net project cost and identify how sensitive the project is to higher renovation costs or a lower finished value.

Why scenarios matter

A single forecast can give false confidence. A useful paid analysis should show a base case alongside higher-cost and lower-value scenarios so the user can see how much room the project has.