A Site Apartment Feasibility Study for new apartment construction provides developers and lenders with a detailed property analysis. Additionally, it includes a strategic plan for maximizing the property’s performance.
Feasibility analysis is a crucial step to ensuring a profitable new development. It is the analysis you conduct before undertaking development to find out if it is viable.
When conducting your feasibility study, we aim to identify all the aspects of the project that need to come together if you are to succeed. Failing to recognize any necessary element, you risk making incorrect predictions that can take your project down.
The scope of a Site Apartment Feasibility Study will vary in line with the scale of the real estate project.
Site Apartment Feasibility Study
Feasibility studies should be undertaken for different purposes, at different stages of new apartment construction. To ensure a successful project, feasibility analysis should be conducted at the concept stage, as due diligence for financing, and for strategic pricing for a new multi-residential development.
Why do I need a feasibility study?
When conducting a feasibility study, you aim to identify all the aspects of the project that need to come together in order for the project to succeed. Failing to recognize any necessary element risks making incorrect predictions that can negatively impact returns or even completion.
What are the benefits of conducting a Site Apartment Feasibility Study for new construction projects?
→ Attract equity investors and perform due diligence to secure financing
→ Mitigate your project’s risk, reduce uncertainty and identify project constraints that could affect budget and timelines
→ Improve marketability of the finished product to improve lease-up time and competitive position
→ Maximize revenue and returns with an effective pricing strategy, so no money is left on the table