. <>>>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 194/Filter/FlateDecode>>stream It identifies all the valuable reasons to undertake the project, and also acknowledges why the project may not be advisable. endobj endobj Once this feasibility information is gathered and analyzed, we can determine if the proposed location for development is suitable. Complete the engineering final plans and specifications 8. Writing a professional feasibility study is good business practice, especially for companies that are planning on raising many millions of dollars and want to have the knowledge readily available to make an educated decision about a projects viability like a Florida based project. Complex formulas make it difficult to audit and also make it difficult to change things over time. You may be investing your own hard-earned money, or funds from a partnership or syndicate. The key to success in real estate development is careful planning, and it begins with a study. Avoid surprises and discover disqualifying problems before you design your commercial project. From Business: Williams Company founded in Orlando, Fla. in 1920, is a general contractor and construction Manager of commercial construction averaging more than $125 million. x+TTPpuVpb # 0000006003 00000 n & More. 0000022553 00000 n 0000310790 00000 n When you take the time to concept test in advance, you save yourself a lot of time, money, and effort. 0000017124 00000 n Phone: 941-907-9022 0000053971 00000 n Unpleasant surprises can come in the form of zoning laws, wetlands, covenants, neighboring sites, historical-significance sites, proposed new projects, previous contamination and environmental restrictions. Listing data sourced from Heartland Multiple Listing Service, Inc. # 293067. 8433 Enterprise Circle, Suite 100 33544. -Required for lots over 0.50 acre A real estate feasibility study is the analysis you conduct before undertaking development to find out if it's viable. The last thing you want to do is go through the entire process only to come out on the other end and not make what you thought you would. 0000310201 00000 n Develop a schedule to determine the capital you will need and how long any loans or capital outlays will be outstanding. If you have questions for which you need an answer prior to ordering, please feel free to email us via our Contact form. Sensitivity analysis determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions. Such flaws and anomalies can significantly change your investment, returns and timeline. Each separate study has its own features but there are more similarities among them than there are differences. Real Estate Agents - 0000043170 00000 n Prospectus.com Global Reach. -Required for lots over 0.50 acre Your style preferences and programmatic requirements inform the design, instead of us imposing our design style on you. A real estate feasibility study helps increase the developers confidence. Finally, we will give you a preliminary schedule that depicts the major events and the respective times required for all activities from design through occupancy. Get started on your real estate feasibility study today! Get Directions . Osceola/Brevard County Connector s Concept, Feasibility and Mobility Study Project Advisory Group Meeting #1 - September 1, 2020 . 0000019542 00000 n Before signing, the buyer may conduct environmental assessments within the specified time period on the contract (referred to as the Feasibility Study Period). Prospectus.com is a one-stop company for all your feasibility study, prospectus, business plan or offering document needs. 18 0 obj 0000023383 00000 n 5 0 obj 3 0 obj 0000312322 00000 n Florida Scrub Jay Surveys Our team has been involved in literally thousands of projects. 0000044291 00000 n endstream Want to see an example of the type of intelligence we offer? Not only will you be able to see the economic benefits to your organization, but it can also be convincing for bankers or other potential investors. Notify me of follow-up comments by email. Make sure you conduct basic market research on rental, sales price, competition, and construction cost. Without a feasibility study, developers may have invested money and wasted their time. 0000056575 00000 n 0000014801 00000 n Various Types of Feasibility Study Reports. Since our firm has conducted feasibility studies for all types of real estate projects, from commercial buildings to residential houses and condos, as well as our networking with scores of construction companies, land developers and lenders, our insight into the feasibility study universe is unique. 0000061387 00000 n There are some common mistakes when performing feasibility studies. 0000032103 00000 n Will you be able to keep the project adequately staffed throughout its entire lifespan? of Realtors Version (Vacant Land), Northeast Florida Assoc. x+TTPpuVpb # endobj A real estate feasibility study is the analysis you conduct before undertaking development to find out if its viable. By having this information from the start, theyre able to reevaluate better options and go in the correct direction. 0000004680 00000 n Undercapitalization and early cash flow issues are two major reasons why new developments fail. Marketing Feasibility - The marketing feasibility studies the market impact and penetration, such as the demographics, target market, product testing and more. For land investors, feasibility studies help to provide the insights you want to know before you make an investment. It doesnt mean it is! Orlando, FL 32804. Suite 325, 12 0 obj Cause the final market feasibility study to be completed 7. Here is a partial list of our process. Prospectus.com is not a law firm. Sometimes a project isnt feasible because the planned uses dont comply with the local zoning ordinance or the property isnt fully entitled for the desired intent. Is this a title or survey defect? Our services range from the more simple steps of the development of creating a business plan, all the way to the feasibility study, and the writing of a prospectus or private placement memorandum (offering memorandum) to raise capital for the real estate project. 0000028940 00000 n Providing Property Information to the World! 247 Tamiami Trail South, Suite 201 x}0_e 0000320215 00000 n Market and feasibility studies are integral to the real estate decision-making process. endobj Remodeling your existing space? feasibility study period, survey defect, title defect, vacant land contract, vacant lot contract Berlin Patten Ebling Berlin Patten Ebling, PLLC is one of Southwest Florida's few law firms concentrating on legal, settlement and litigation services specifically focused on real estate and land development. 0000025823 00000 n Routinely named one of the best places to retire in the U.S., this region has a beautiful climate and affordable cost of living. Hire the Best Soil Testing Services in Hudson, FL on HomeAdvisor. 0000057413 00000 n 0000019030 00000 n 0000013224 00000 n Or is this a risk that youre taking without much backing you up? 0000047214 00000 n Questions? In addition to the most common types of developments, we also prepare such reports for university and college housing, assisting living, for seniors and others in need. 0000015114 00000 n Vegetation & Habitat Mapping. I own 3.13 acres in Montgomery Co Md. Will they impact building plans? Residential Custom Builders Fax: 941-907-9024 <>>>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 194/Filter/FlateDecode>>stream zlB 5jhQAb|t |pi7$A,H`5V0%!RJ: (,RCCK[_SYh[ FApzK[[@v@)%O_u]8UF#\;m(0HHI Sellers' Agents Comment: Soil perk test needed on vacant land. Operational feasibility will look at the other projects in the developers pipeline, the current staffing and supply-chain capacity, financial resources and debt profile, and technical and marketing capabilities. Venice, FL 34285 We also act as the point of contact for municipalities, agencies, and neighbors. In essence, it reveals how various sources of uncertainty in a mathematical model contribute to the models overall uncertainty. 0000013035 00000 n <>>>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 194/Filter/FlateDecode>>stream A land feasibility study will provide you with the information you need about a piece of land in order to be confident in your purchase. 0000009749 00000 n After you click enter, youll be taken to a page where youll be able to begin the ordering process by filling out and submitting a form. Fill out theContactform, or get in touch: Prospectus.com LLC is a consulting firm | Global Reach. The feasibility study gives the buyer a way to reduce the risk in buying vacant land. Vacant land feasibility studies often start with just a regulatory review and conceptual site plan. If seller cant cure the defect, buyer can accept title subject to existing defects and close, or terminate the Contract. Global Success. Erika is a former Affordable Housing Director for the City of New York turned full-time Land Investor. <>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 22/Filter/FlateDecode>>stream The success of our clients is the number goal of our company. In that event, buyers deposit would probably be at risk if buyer fails to close. 15 0 obj 0000029628 00000 n Create a high quality document online now! This 1.84 acre property is located at Deedra Dr Lot 29 in Zephyrhills, FL 33544 with latitude 28.2559 and longitude -82.3506. A feasibility study includes such vital information and data as the funding needs to complete the project, the market opportunity, government regulations, risk factors, strength and weaknesses, the management team and the financials of the company. If there are any major issues with the title, you may not be able to proceed further. We have a four-step process which delivers a code review, preliminary drawings, budget cost estimates, and a project schedule. 0000034476 00000 n 0000032391 00000 n To account for this, youll first need to identify the variables that this is critical for. Sale and Purchase: _____ ("Seller") . This part of your feasibility study will focus on whether the site can support your project. Feel free to reach out to us any time for a free consultation for your Florida feasibility study. A complete feasibility analysis, as defined in the second chapter, will not be attempted--emphasis will be focused on the examination and resolution of a finite set of problems associated with a specific property as outlined by the administrator of the owning . 0000047859 00000 n 0000016069 00000 n 0000018444 00000 n Further, a residential development also requires relationships with banks and lenders, such as mortgage companies, construction and development companies, and sometimes non-profit organization that work in the real estate space. Vacant Land: Can Buyer Object to an Encroachment on Prior Survey. Fax: 858-259-4910 Miami, FL 9155 S. Dadeland Boulevard Suite 1208 Miami, FL 33156 Phone: 305-670-0001 Fax: 305-670-2276 Naples, FL 2770 Horseshoe Drive S Suite 3 Naples, FL 34104 Phone: 239-643-6888 0000039922 00000 n The GAME2AWE platform aims to provide a versatile tool for elderly fall prevention through exergames that integrate exercises, and simulate real-world environments and situations to train balance and reaction time using augmented and virtual reality technologies. 19 0 obj 0000021665 00000 n Consisting of lifelong entrepreneurs, lawyers, consultants and business plan writers, our team is dedicated to the success of our clients goal. 0000039608 00000 n 0000023068 00000 n 0000062807 00000 n Startup PPM-Raising Capital Best Practices, Initial analysis of the proposed development area, including the initial demographics, Proposed construction and development costs, Analysis of similar project or developments, Competitive advantages of project or location. 0000039010 00000 n A feasibility study is conducted prior to a projects undertaking such as a project in Florida. 0000016594 00000 n 0000053464 00000 n 0000026129 00000 n endstream 11 0 obj Copyright 1999-2023 Prospectus.com LLC. For most projects, the feasibility study can be completed in just 4-8 weeks and costs a small fraction of what you would pay an architect for a biddable set of plans. Project Location: Hudson, FL 34669. February 27, 2023. 0000308808 00000 n 0000009726 00000 n 0000029246 00000 n Here are just some of the benefits youll gain by taking this extra step: A real estate feasibility study can help you determine your approximate profits and save you from wasting your time, effort, and money. Some content, including service offerings, may not be up-to-date. Global Success. Simply put, a Land FAX feasibility study will expand your knowledge regarding a particular parcel (s), so you can make a better go/no-go decision on purchasing a particular piece of property. Assessment for building / clearing permits Buyers' Agents 0000036577 00000 n Here is an abbreviated list of our real estate consulting services. We have a list of the types of data for which we search, which are generally included in our LandFAX feasibility reports. There are five broad aspects of a feasibility study. Since our firm has conducted feasibility studies for all types of real estate projects, from commercial buildings to residential houses and condos, as well as our networking with scores of construction companies, land developers and lenders, our insight into the feasibility study universe is unique. If you have the vision for a large-scale project, a land feasibility study is critical. 0000320129 00000 n Prospectus.com is not a law firm. 0000023891 00000 n In general, its good practice to forecast the financing cash flow and see its impact on net cash flow, especially if the project capital structure involves a mix of debt and equity. Geotechnical engineering services include preliminary site development feasibility studies, geotechnical studies for FDOT & county roadway construction projects, effluent disposal & reuse studies & groundwater studies & modeling. Whether you have a project in mind or have a vacant piece of land that you dont know what to do with, McCree can help by doing a parcel or land feasibility study. We do not sell or solicit securities of any type. By creating such a feasibility study, for instance, for a real estate project, you will be able to navigate potential pitfalls during development and save needed capital in the process, as well as possibly discover new opportunities in the market. Updated September 22, 2022 A Florida land contract records the terms of a purchase of vacant land. If the consultant wants to take on your job, theyll respond by describing how the study will be conducted, what questions will be answered by the study, a timeline for completing the analysis, and how much the study will cost. 0000018825 00000 n endobj Here are some of the services we provide. 0000014270 00000 n We understand that your project has a budget and we will provide cost breakdowns in an open book format to allow for discussions of scope and budget. 0000309338 00000 n This article is based on our own research and experience and we do our best to keep it accurate and up-to-date, but it may contain errors. All rights reserved. You can expect a feasibility study to take anywhere from 60 to 90 days depending on your specific circumstances. @Xe}?G!e:sCf][3Xh3u) Q_ulE;R .=~,M 6@@@@c$OaJ?YW/m0(7"}Dg\ih ;xzs"CYwZ FVxC;EpU6$PlS!rJby,#-oJ ^SZTx(_!>)>KIP[mfj.6t j5|Lt When you develop a property, the risks are great, the project is complicated, and the schedule is volatile. 0000034412 00000 n x+TTPpuVpb # x}0_e Protected Species Burrowing Owl Permitting Florida Scrub Jay Surveys Bald Eagle Management Plans Bald Eagle Monitoring & More Gopher Tortoise Burrowing Owl Scrub Jay Wetlands Docks Mangroves Our Mission Our firm has also written and assisted with the following additional (not as popular) feasibility reports, including: Technical Feasibility If a company has the technological know how and resources to achieve its goals. Click here for a copy of our Privacy Policy. 0000010624 00000 n Internal project constraints: Technical, physical, budget, resource, etc. The most common study performed is a soils analysis. 0000010260 00000 n Tampa, FL 33606 0000046013 00000 n zlB 5jhQAb|t |pi7$A,H`5V0%!RJ: (,RCCK[_SYh[ FApzK[[@v@)%O_u]8UF#\;m(0HHI 0000310560 00000 n The property is currently available for sale at a price of $64,900. Waterfront Property? Prospectus.coms research and writing team is recognized as a world leader in feasibility study preparation. 0000020673 00000 n Burrowing Owls? endobj 0000011073 00000 n Global Solutions. Waterfront Property Dock / Seawall Mangrove Trimming Coastal Construction Control Line (CCCL) . Often, people begin to see that their project isnt realistic once they already have money involved. Even purchasing a generic real estate research report online at a minimal cost could be a good way to gain access to the data you need to be successful. You may have heard the phrase, Construction often takes twice as much time and twice as much money.. If your organization cannot handle the project with its current staffing, expertise, and workload, it is best not to pursue it. Florida is a "Buyer Beware" state. By understanding any issues you may have with financing upfront, it gives you a chance to address them head-on. endstream 0000038913 00000 n -Gopher Tortoise Burrow Avoidance Coastal Construction Control Line(CCCL), Burrowing Owl Permitting Additional Feasibility Studies <>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 22/Filter/FlateDecode>>stream 0000015737 00000 n 7031 Koll Center Pkwy, Pleasanton, CA 94566 How an Environmental Assessment of the Land Can Help As the owner of a piece of land, you become legally responsible for cleaning up any contamination found there, whether it was discovered by you or perhaps later, during a buyer's environmental assessment if and when you try to sell. <>>>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 194/Filter/FlateDecode>>stream 0000031476 00000 n 0000027537 00000 n 0000024406 00000 n Southwest Floridas Full-service Real Estate Firm, Asset Acquisition & Disposition Brokerage & Asset Leasing. c. C3 Address: Cherokee Avenue, West Palm Beach, FL 33409 (Vacant) Legal Description: Westgate Estates NorthernSec. 0000026506 00000 n A vacant land contract and a house contract are of course different in nature. 0000054513 00000 n 0000011930 00000 n endobj 0000021188 00000 n Enter in the address in which youre interested, or the latitude/longitude coordinates. <>stream endstream 0000039642 00000 n F;[FH#US1f,a 37t&FN7j\mqw{pVn#9QLV Ab9WB#qb~k5ivg>4A rumg%Qn'jue_*\O@;I8Di2/_5yGJL(xw#y@ow4e J.zA{K_ic!d|^XYkp+xg}NW.Y:B,D8#{f".X6ea"Yn-Su$;]C`>0l%[!;%]G0II|_Z]! We have a list of professions that would likely use feasibility studies in their daily work lives. Its the Sage choice for the next chapter in your life. Just like an entrepreneur wouldnt start a business without a business plan, a land development company or a land developer shouldnt proceed with a project without a proper study. x}0_e 0000031190 00000 n endstream It provides a clear picture and encourages informed decision-making. You will receive a regulatory review report which will outline the findings and highlight any potential roadblocks to your development. Compare Homeowner Reviews from Top Hudson Soil Engineer services. 0000312233 00000 n 0000320482 00000 n endobj Bald Eagle Management Plans The Entitlement and Permitting process is tailored to achieve maximum property value. By using the website, you agree to our use of cookies to analyze website traffic and improve your experience on our website. x}0_e After your approval of the preliminary design, we will develop a preliminary budget estimate. PROJECT ADVISORY GROUP ( PAG) MEETING #1 SUMMARY . However, if the Closing Date occurs on a Saturday, 46 Sunday, or national legal holiday, it will extend to 5:00 p.m. . The basic process is: Get a Septic Site Feasibility Evaluation done. Phone: (941) 954-9991 As always, should you have any questions regarding the foregoing, we urge you to consult with your local real estate attorney. Content and information on this site is subject to change without prior notice. Under Paragraph 7 of the Contract: It has free of easements, but then the Contract provides subject to public utility easements of record. With this inconsistency, the latter would probably prevail over free of easements and the recorded public utility easement wouldnt be considered a title defect. Assessment for rezoning 0000061083 00000 n Bald Eagle Monitoring <>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 22/Filter/FlateDecode>>stream OSCEOLA/BREVARD COUNTY CONNECTORS CONCEPT, FEASIBILITY, AND MOBILITY STUDY . It may be construction costs, rental rates, or cost of capital. x}0_e Prospectus.com is a DBA of Prospectus.com LLC. Property Control No: 00-43-43-30-03-029-0390 (0.13 acres approx.) 0000040764 00000 n Its the hidden abnormalities for which you really need to watch. Feasibility is contingent upon all approvals, permits, and licenses having been obtained. zlB 5jhQAb|t |pi7$A,H`5V0%!RJ: (,RCCK[_SYh[ FApzK[[@v@)%O_u]8UF#\;m(0HHI Mangroves, Protected Species Surveys, Permitting Are there protected species? 0000033474 00000 n 0000043215 00000 n . 2 0 obj 0000047825 00000 n endstream Generally speaking, title insurance provides three somewhat distinct, yet significant coverages: Fatal title defects that could cause one to lose their property altogether, such as fraud, forgeries, inheritance issues, or execution/signing issues; Defects that could require the expenditure of significant amounts of money to cure, Question:Can the Buyer object to an encroachment shown in Sellers prior survey, or does the Buyer need to obtain a new survey? <>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 22/Filter/FlateDecode>>stream A: It depends on whether the survey problem qualifies as a survey defect under buyers contract. 7 0 obj Please be sure to consult a legal or financial professional before making any investment decisions. 0000017439 00000 n Things to consider BEFORE making an offer on a parcel: If you are considering a real estate development in Florida and need a feasibility study to this end, whether for residential or commercial real estate, or you just need one aspect of the analysis to be undertaken, feel free to contact us any time for a free consultation, or setup an appointment at one of our office. Just by doing a feasibility study, you drastically enhance your rate of success and save your entity resources, time, money, and effort. 3700 South Tamiami Trail, Suite 200, Sarasota, FL 34239 P (941) 954-9991 F (941) 954-9992, 247 Tamiami Trail South, Suite 201, Venice, FL 34285 P (941) 955-9991 F (941) 484-9992, 8130 Main Street, Suite 206, Lakewood Ranch, FL 34202 P (941) 907-9022 F (941) 907-9024, Berlin Patten Ebling, PLLC is one of Southwest Florida's few law firms concentrating on legal, settlement and litigation services specifically focused on real estate and land development. endstream Dock / Seawall This part of the feasibility study is useful because it serves as an independent project assessment and enhances your projects credibility. While your architect or engineer is working on the site plans, you will want to commission a few key studies, including: Once you determine that your project is technically and legally feasible, you will want to verify that it is also financially viable. Thereby, we can identify any impediments to the intended use of the property and understand the risks involved in procurement. Project Location: HUDSON, FL 34667. :4;UeBK/ {VAhW9* PG'ti`TH,qc({r3i)+9}"F=NM~0EV$U4 Jlo xG*#gAgt8ce2ZvL3(5Ry~cA09I3EJHO^*eb2)u[*4x$/M`S[ %1Ua2Mo_V=hrY?RScf gm^3+UT}UB]#pQK/Aqesx?FI+]2Dm)Teqk 4 !GY[p=xE >6-"o\E[iz^)t2K.FnR\gljp O06]iJ$sJ&I@$ BHefjQLQ9UaOd's,18]H7^HRJ(lwVi*kBv1_gG Z4`4?Uey.FJ7 #rVDOh}f!jGRtYy.~*3I)tk]G3. This form is may be used with various contract forms to extend time periods, such as closing date, financing period, inspection period, title cure period, short sale approval deadline, feasibility study period, and due diligence period. All Rights Reserved. 0000319990 00000 n 0000052142 00000 n Startup PPM-Raising Capital Best Practices. Prospectus.com is not a licensed broker dealer. As a note, you can also check for some of these items, such as liens, by ordering a property report from DataTree. 0000004310 00000 n 0000030345 00000 n 0000024791 00000 n 0000318560 00000 n Commercial Developers If the buyer didnt receive the survey until 5 days after the expiration of the Feasibility Study Period and the neighbors house encroaches 10 feet onto the Property, is this a survey defect covered under the Contract? For land development companies, feasibility studies are seen as a wise investment because their cost is a drop in the bucket compared to the actual real estate project. 0000037958 00000 n 0000015207 00000 n Sage is located off Bayshore Road in North Fort Myers, Florida right in the heart of Southwest Florida. We offer a suite of services that are specific tailored to your real estate development in Florida. endstream Prospectus.com Global Reach. 0000017640 00000 n Protected species permitting / relocation Undercapitalization and early cash flow issues are two major reasons why new developments fail, If there are any major issues with the title, you may not be able to proceed further, If you are interested in a discounted DataTree subscription, you can use our, To account for this, youll first need to identify the variables that this is critical for, 2023 Gokce Capital: We Buy and Sell Land, Land Investing Mistakes: 11 True Stories You Need To Know, how do you get rid of termites? At a minimum, you will also want to analyze the following: Hire an architect or engineer to prepare a site plan. 0000026319 00000 n 0000004524 00000 n Get Directions , LAKEWOOD RANCH OFFICE 0000309954 00000 n Make sure to review your organizations capacity to take on the project. endstream (c) Inspections: (check (1) or (2) below) (1) Feasibility Study: Buyer will, at Buyer's expense and within _____ days from Effective Date ("Feasibility Study This study takes into account a variety of factors, including: These factors allow you to uncover valuable information and assess the development feasibility of a project. Fill out theContactform, or get in touch: Prospectus.com LLC is a consulting firm | Global Reach. Consult independent counsel for any and all legal advice and questions. Anything that can be achieved by a simple formula should be. The parties will then execute the document at the scheduled closing date, wherein the seller and buyer will exchange funds and transfer the deed. Why Write a Financial or Market Feasibility Study? <>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 22/Filter/FlateDecode>>stream Whether you require an entire feasibility study or just a portion, or need help with just one aspect, we can help. 0000037087 00000 n Schedule a complimentary consultation today to see if our feasibility study is right for you. In this case, theres no way to give you a hard and fast estimate of the cost. Dont just assume you know this informationanything can look feasible on paper. 0000034453 00000 n Is the water part of an aquatic preserve? *. Phone: 813-467-7500 x+TTPpuVpb # endstream 0000042644 00000 n <>>>/BBox[0 0 459.33 21.16]/FormType 1/Matrix [1 0 0 1 0 0]/Length 194/Filter/FlateDecode>>stream Is it aligned with your organizations strategic goals and long-term aspirations? 0000047729 00000 n Date/Time: Tuesday, September 1, 2020; 9:30 a.m. - 11:30 a.m. 0000050251 00000 n We have used a real estate project as an example. Yes, under Paragraph 7(c), any encroachments on the Property shall be treated in the same manner as a title defect and buyer should notify seller of the survey defect. Yet, you certainly dont want to be the developer who is wasting both! The goal is to determine whether the site terrain and topography, soil composition, environmental factors, zoning restrictions, and available infrastructure will support a feasible project. Its good practice to build the absorption rate into the real estate feasibility study model. While a feasibility study somewhat sounds like a business plan, such reports tend to be many times longer with more details on the market and financials. Based on all this information, youll be able to select a consultant that is the best fit for your project (with the price being one of those factors). Our process safeguards against Code Compliance Violations, for instance. Next, you will want to hire an architect or engineer to prepare a few layout options for you. For the past ten years, our preliminary cost estimates have been accurate to within 5% of what your final project costs will be. 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