The initial process for planning small to medium density and multi-residential developments commences with a preliminary project assessment. This process is made up of discussions surrounding a client’s desired outcome for the site, their budget, a review of zoning and building codes for the proposed development site to ensure compatibility, and the establishment of the overall parameters that will impact the design.
As the name suggests, a Feasibility Study evaluates the potential of a site and its viability for development or redevelopment; establishing, for example, how many dwellings are likely to be accommodated based on the relevant Council’s controls where a town house development is being considered or if an existing dwelling could be converted to a Boarding House.
Before proceeding with any investment, an informed decision is crucial to ensuring you are not wasting time, money, and valuable resources on an impractical or futile endeavour. As well as, it is essential to lessen the chances of any serious mistakes or critical errors occurring throughout a viable project’s journey. A feasibility study undertaken during the initial due diligence phase reduces the risk of clients investing in developments that won’t deliver a return on their investment.
The Site Foreman provides feasibility studies to clients who may be contemplating purchasing a new site or upgrading an existing one. With comprehensive investigation undertaken by our highly experienced Principal Architect, we are able to provide realistic design solutions to maximise site coverage, land value and an increase to a developer’s profits. By commencing this process, clients can make an informed decision on how to proceed confidently with their development project.