Residential drafting service in Penshurst: The importance of FEASIBILITY STUDIES REPORT
It can become quite nasty and pity when investors/ home buyers are looking to buy a property without any potential room for further development or value adding!
At Go Design Solutions, we came across to a lot of clients who purchased a property that somewhat disadvantaged them by not having any opportunities that can increase its current value. Clients get upset when they realised that their purchased land (for a high lump sum of money) were not able to perform the way they want (whether it's a new build or alterations and extensions).
Whether it's an Auction property, or a property for offers, it is always good to talk to a residential design drafting team to get a feasibility studies report. This report rescue you from purchasing the 'wrong property' prior to giving an undeserving or unrealistic offer.
What does a feasibility studies report tells you?
A feasibility studies report includes all necessary information about your land, from it's size, to council regulations and restrictions. It also provide you details about the potentials and limitations of new builds, extensions and granny flats possibilities. It also suggested whether you should pursue with a council authority (DA & CC) or a private certifer (CDC). With a report like this, you get the full disclosure of your land (and house) and recommendations of what you could do on the piece of land in the future; assisting you to create extra values (whether it's building a new home, or getting additional incomes through a granny flat).
How much does a feasibility studies report cost?
At Go Design Solutions, a report may cost you a few hundred dollars*, but if you purchase an "imperfect" land that does not suits your needs, you'll be talking about losing thousands and millions of dollars for an 'un-develop-able' land !
*Subject to official quotation
Our "always NO#1" advice
Always get a feasibility studies report before your purchase - it saves you loads of money if you find out it's potentials and restrictions sooner than later.