Understanding Interim Income
Start by grasping the concept of interim income within the smart feasibility calculator. This income accounts for any money your property generates before construction starts, such as renting out the property.
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Accounting for Interim Income
You can include various income streams like rental income or sales of an old house on the property. Adjust the names and values of the income sources as needed, and specify the duration of income.
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Customizing Income Streams
The calculator allows for up to eight different streams of income, which you can customize according to your project’s needs.
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Applying Interim Income
Any interim income added will be used to reduce your construction costs, thereby lowering the overall project expense. This income is logically deducted from your construction costs, helping to offset expenses.
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