Housing: a Look at Viability Assessments
Residential and commercial construction plans get the thumbs up after they have passed a housing viability assessment. Normally such assessments are put through hiring a niche consultancy dedicated to carry out this type of assessments, like Three Dragons. What sort of preconditions ought such a proposed housing / industrial estate match to be considered feasible? Some initial preconditions could be :-
- a taking into account of the businesses and average salaries in the location immediate to the projected development site
- how easy is it to get to the projected housing project via motorcar, train, bicycle, and on foot
- the projected sale/rent price of the kind of dwellings in regards to the surrounding community
- on-going population movements and shifts in the immediate region
- construction / design outlay for the suggested new development area
- the up-to-date market price of this type of housing and also consideration to forthcoming market value movements
- impact the development could impose on surrounding transport roads
- recent findings from alike housing projects around the country
- impact to the local council - more streets to clean, street lights to put up, rubbish to take away
That presents you only a basic approximation of the types of areas suggested new property sites are appraised for. A negative influence by just one of the above-named points could prevent the housing project from being carried out. Of course, there will be other matters unique to each development property plan, as well as other matters not listed above.
