Whether you are planning, constructing, renovating or operating your real estate assets, you need an accurate picture of the associated costs to avoid budget overruns and unnecessary change orders.
A reliable pro forma and / or cost estimate accurately forecasts the professional, construction, and regulatory costs and timeframes for your asset in your market at the specific time you intend to acquire or develop.
That said, nothing is set in stone and managing change is a cornerstone of any development – updating and refining original financial projections throughout the asset lifecycle helps you mitigate risks while maximizing value and performance.