Whether it's using your own architectural drawings or by producing an in-house feasibility proposal, the first and most important stage of any feasibility study is to analyse the design. We're looking to answer two questions in this stage: what makes the property stand out, and is it well-suited for its purpose? These are critical considerations that we need to have answered to inform our market study.
To understand whether a project is right for you means ascertaining whether you'll be better off at the end of it - and an important part of that is assessing what impact it'll have on the value, freehold or leasehold, of your property. We'll conduct a comprehensive search of comparable properties to obtain current market data, and obtain historic price paid statistics - coupled with our extensive market knowledge and any design study we've undertaken, we'll use this to make a professional assessment of the market value of your proposal.
For freeholds and new projects...
The final component of any robust viability study is an assessment of the costs that come with a project - even if that project is a simple continuing tenancy. We'll bring our extensive knowledge of a wide variety of property issues to bear, backed up by industry experience and data, and anticipate the costs you're likely to face. Some of the things we'll consider are: