Feasibility/Viability Studies
Do you have an idea for a real estate project, but don’t know whether or not to proceed with the idea? If yes, then you need a feasibility study. A feasibility study is an analysis into the feasibility of an idea, and answers the question “should we proceed with this idea?” It is a report that determines project viability by assessing a number of market factors. The report also provides a guide for adjusting the idea to meet market conditions and success.
Why You Need A Feasibility Study
- To determine the feasibility of your idea.
Anyone can have an idea, but the real value comes in executing that idea. A feasibility study tells you whether that idea is worth executing and if it is destined for success, by assessing the factors surrounding your idea. It also tells you how to right-size your idea to fit existing market conditions and predispose it to success.
To define your goals. A feasibility study provides clarity about how to successfully execute your idea. This clarity will guide you on what goals and objectives should be a priority and how to clearly define them.
- To execute your idea.
The components of the feasibility study show a roadmap to the success of your idea. By understanding costs, competition and the market, you’ll understand the most optimal path to successfully executing your job.
Through a comprehensible feasibility study, we can determine if your company possesses the necessary resources to carry out a project, and if that project is likely to offer a reasonable return against the risks. We examine your market including the potential facility users, competitors offering similar services, potential facility costs and revenues, and options for project development. Our feasibility study conducted by our inhouse expert will help you determine your or your community’s definition of success, the sustainability of your model, and help you define your goals.