Housing and business construction proposals are approved only after they’ve had a development viability assessment. Commonly such appraisals are executed using a professional consultancy dedicated to submit such appraisals, like Three Dragons. But what kind of standards must such a suggested site match so it can get the stamp of approval? Some initial criteria may be :-
- consideration of the companies and average wages in the region near-by the proposed development area
- how easy is it to get to the projected development project via motorcar, train, bicycle, and on foot
- the typical sale price of the kind of housing in relation to the surrounding community
- present-day population trends in the near-by location
- design and building outlay for the suggested new site
- impact the site could have on immediate transport roads
- recent experiences of similar housing projects in the region
- influence to the local schools
That gives you merely a basic idea of the types of issues such projected new property sites are appraised for. A negative effect from just one of the above issues may forstall the whole project. Naturally, there will be other issues unique to each and every development property plan, as well as further matters not mentioned above.
