Feasibility Studies- Understanding Your Property’s Potential Before Closing on an Investment

Often times clients reach out to us after they have closed on a property, excited and eager to get started with the design. While we are always enthusiastic to jump into a new project, sometimes we have to break the bad news that the client’s vision is not feasible for the property that they purchased.

What is a feasibility study?

A feasibility study is an assessment study that compiles information to analyze and decide whether the project should proceed. It includes exploratory investigations to identify special permitting requirements, grade and utility challenges, zoning requirements and potential risks associated with environmental challenges.

The objective of a feasibility study is to assist prospective investors in determining whether or not the project is likely to succeed. The study may include potential costs associated with items like creek crossings, retaining walls, utility installation and access to the site. Civil Engineers understand and anticipate the hurdles involved in site development and can assist the prospective investors in navigating risk associated with the cost of site planning.

Why should an investor request a feasibility study?

A feasibility study, completed by a Civil Engineer, provides extensive details and guidance for investors often during the due diligence period of land procurement. As licensed professionals, we are well versed in zoning regulations as well as local and state permitting requirements. We have a solid understanding of how the planning process works and why those regulations are in place. We take the guesswork out as to whether a client will need special permitting for a site, if regulations will allow for specific development and ultimately, if the project will be worth the investment.

What to expect:

A detailed report including flood risk, zoning regulations, an overview of buildability and potential hurdles, state and local regulator approvals required, environmental impacts, information about easements, landownership and practical requirements.

Additional items to request during feasibility studies –

Stream and wetland delineation

Geotechnical reports

If you would like to do a Feasibility Study, contact Lizwarlick@cesicgs.com.