Local property development feasibility consultant

Homeowners considering an addition or accessory dwelling unit, small developers and house flippers, and investors weighing up a purchase.

Flat fee per feasibility report, with higher fees for larger projects, plus optional hourly follow-up as the project moves ahead.

• Reading zoning codes and permit requirements
• Rough construction cost estimating
• Clear report writing and presenting to clients

• Check your state's rules so you don't stray into licensed work such as appraisal, architecture, engineering or contracting
• Check whether you need a real estate license if you ever help find, negotiate or refer deals
• Consider professional liability (errors and omissions) insurance, since clients may rely on your numbers
• Zoning and permit rules change and differ by city, so state assumptions clearly in every report
• Check local business license requirements and register an LLC or sole proprietorship

Startup costs are typically around $1,000 to $5,000, depending on your software, report tools and insurance. Consider professional liability insurance, since clients may rely on your numbers, and check local business license requirements.

Monthly revenue is typically around $1,500 to $7,500, depending on how many reports you deliver and what you charge per property. These are estimates, and you can start at around 10 hours a week.

Check your state's rules so you don't stray into licensed work such as appraisal, architecture, engineering or contracting. Also check whether you need a real estate license if you help find, negotiate or refer deals.