What is a
feasibility study ?
The scope and the extent of the rehabilitation is clearly documented in the report and includes the required (HUD minimum property standard repairs) along with the cost of repairs plus the cost of any improvements the client is considering .
A feasibility analysis report is used as the basis to know the approximate amount needed for necessary repairs to be performed prior to submitting a purchase offer to the seller. A seller may also be more willing to negotiate and adjust their sales price according to the findings from a 203k consultant feasibility report.