We often tell people that anyone can subdivide a property, its whether you should or not where we can add value. That’s where a feasibility report becomes so important. Pending the results of the feasibility report it can either save you alot of time and money or it can give you the confidence to invest in the subdivision and proceed with conviction. So lets break down what you can expect from a feasibility report.
To start with we provide a detailed summary of your site and any major red flags we can see to do with council zoning, overland flowpaths, protected tress to name a few. As well as a general overview of the potential building site(s), ground conditions and location within Whanganui.
Next we dive deeper into the key aspects that make up the biggest share of costs associated to a subdivision and that’s your services. Water, sewer, power and stormwater are the key services that you will be required to address once a subdivision resource consent is approved. Costs can vary significantly for each individual subdivision, so when we get asked “how much does a subdivision cost?” it really is difficult to give an estimate with any great certainty. That’s why we recommend investing in a feasibility report. Not only can costs vary greatly, in some instances service connection may not even be viable pending the location of council mains, neighbouring properties and your legal rights. Assumptions that you can automatically connect to services running past your property is a common misconception, connections into your property are a totally different story.
As well as detailing the services we also examine vehicle access and foresee what requirements council are going to need in terms of vehicle crossing standard and driveway/right of way. Again both can be significant investments and the standard and size of installation varies pending how many dwellings using the access.
Once we have addressed all the site barriers, detailed the service connections and costed all the infrastructure required, we can then formulate a plan for you in our recommendation section of the report. As part of our recommendation we will provide a full ROI (return on investment) spreadsheet so you have tangible figures that back up our recommendation. Remember knowledge is power and that’s why a feasibility report is crucial to your development.
