Development Appraisals are highly recommended to be conducted prior to proceeding with any real estate development or redevelopment project. This enables the developer or the investor to receive an expert opinion on the envisaged development, contributing in the overall success of a viable project. An accurate and fully planned project from start to finish minimises the financial risk and uncertainties which in turn contribute to easier handling of the applications for financing, planning/permits approvals and overall project management.
Our services would generally cover:
– Appraisal of development land based on its Highest and Best Use (HBU),
– Sensitivity analysis of key variables,
– Calculation of expected return/Internal Rate of Return (IRR) on the project for the developer/investor,
– Estimated timescales for development completion, and
– Identification of key risks associated with the project including external factors that should be taken into account.
Any type of proposed development
From residential to commercial and industrial projects.
Receive Development Appraisals in 3 Easy Steps
Step 1
Let’s discuss
Send us an email or call us to privately discuss your needs and the proposed engagement for which our firm’s assistance is required.
Step 2
We get to work
Once we agree on the way forward by way of signing the Terms of Engagement, we shall commence our work. Specifically at this stage, we will be gathering the necessary data, documents and clarifications, some of which may require your input, inspecting the property and doing market analysis for the purposes of drafting our report.
Step 3
Development Appraisal
Our report will be finalised and delivered to you, usually within five (5) to ten (10) business days from the date we receive the duly signed Terms of Engagement and the necessary information for the engagement, unless the engagement entails significant complexity in which case any impact on the estimated timeline, will be separately discussed.