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Your architect and the feasibility study
One of the most crucial stages of the development journey is the feasibility study. Whether your a first-time developer or on your umteenth project, the feasibility study is always a important process. It’ll establish the fundamental viability (or otherwise) of the scheme so that you can commence work with confidence.
What does the feasibility study mean to me?
In general, a feasibility study is process (and documentation) where the strengths and weaknesses of your proposed project are evaluated objectively. In the developer’s world, the feasibility study will assess the viability of your idea in the context of the building or land being used and the budget available.
The feasibility study can also indicate the extent to which the results of the project will match what you expected. You may think your idea is perfectly sound, but it’s best to get a professional architect’s view to help avoid costly mistakes later on.
Steps in the feasibility study
Each project is different, but typically the process of creating the building development feasibility study looks like this:
- Client provides the architect with a general proposal
- Architect reviews the proposal and identifies the key points
- Architect surveys the area you’ve chosen for your project and records any details that affect you, such as nearby residents and businesses
- With your vision in mind, the architect will begin to draw up plans and conduct the building survey (which investigates the building’s current condition)
- The schematic layout plans will be used to see if the features you want are feasible in the positions planned
- Inspection the building (or land) to assess its structural viability for your project
- Check briefly with the local authorities whether the proposal is likely (or not) to face opposition
- Begin the planning process
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Bearing all of the above in mind, your architect will be able to provide recommendations on how to make your idea more viable based on previous experience and/or their knowledge of the planning process.
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For more information or to discuss your scheme in detail, feel free to contact us now.
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