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what can OpenFRM do? OpenFRM offers a scalable approach to understanding the financial aspects of developing a multi-apartment building. It will allow you to do quick ‘sketches’ of such an undertaking on the base of a few key parameters, giving insight in the initial viability of a specific housing concept. For this, a condensed ‘inputs/outputs’ section is provided. However, OpenFRM delivers much more than that. Beyond the quick sketch functionality, it gives very detailed insight into the precise costs of investment, financing and operation. For that, it has Design, Build, Finance, Maintain & Operate sections, in which you can enter specific data about your project. In turn, the tool will provide detailed feedback on the financial consequences of individual decisions you make regarding your project.
Finally, you can review the financial performance (and feasibility) of your project with the built-in Life Cycle Cost Analysis (LCCA), that tells you everything about all the incoming and outgoing flows of finance (cash-flow) over a period of up to 35 years.
disclaimer OpenFRM is provided as-is. It is an open-source development, relying on the commitment and inputs of its community of users to fix bugs, improve its usability and add new functionality. Since developing multi-apartment buildings is a capital intensive and lasting endeavour, it is wise to double-check the insights taken from any calculation model.
contributing OpenFRM is developed and maintained on the platform GitHub. If you have suggestions, improvements or new functionality to add to
credits The Open Financial Review Model is initiated by STEALTH.unlimited and the team of Ko Gradi Grad (Who Builds the City, Belgrade), and collectively tested and reviewed within the MOBA network. Creative Industries Fund NL has provided funding to develop it as a tool for the wider community of emerging housing initiatives and co-operatives.