Download the Feasibility Review Checklist
Basically, a "feasibility review" is an organized way of using your research to narrow down options so that you can make wise budgeting and planning decisions.
A feasibility review is an essential tool that allows you to determine answers to 4 major questions:
1. Where do we build our home?
This answer is extremely important because it may determine your actual options for size, style, amenities, and overall budget.
2. What will our house look like?
Basically, you want to narrow down your options to answer 'How Big, How Fancy, & How Much'.
3. What features & fixtures do we include?
You'll want to start considering many of the details of amenities that are included in your new home.
4. About how much will it cost?
Once you have answered the first 3 questions above, you should have a general idea of the costs involved. Setting the budget parameters as quickly as possible will also help avoid making common mistakes like purchasing a set of plans for a house that you cannot afford (See Designing House Plans).
These preliminary answers will become the foundation for many important decisions in subsequent steps. First, make sure you download our handy Feasibility Review Checklist that will help you keep track of your notes during the process. Keep in mind that the answers you derive in the feasibility review may turn out to be wrong, or you may simply change your mind.
