Knowing the real value of your property and its potential, gives you power in your investment or transaction decisions, cost estimate, project feasibility analysis, risk control and real estate appraisal reports.
Budget Estimates
Budget estimates allow to predict the investments required to perform specific activities and, if that is the objective, estimate the associated profits. This type of estimation allows to reduce economic risks and increase the efficiency of the various assets in the implementation phase. In the preparation of budget estimates, several factors are taken into account in order to reach values as close to reality as possible:
- Labor cost;
- Cost of materials;
- Cost of equipment;
- Estimated duration of work;
- Forecast inflation;
- Contingency costs;
- Among others.