Feasibility Test
So, you have subdivision plans? Now for the first and very important step, the feasibility test.
What is it?
Whether you already own a property that you think can be subdivided or are in the process of considering a property for development, this a full report on the feasibility of your potential subdivision. The report outlines the costs involved, risks, processes, timelines, and most importantly, whether or not it can be done, what the sections could be worth, consent needed, and everything you will need to know before you start.
When you begin thinking about undertaking a subdivision project, studying its feasibility is essential. This includes research into the viability of the project. Local council requirements, conditions of the intended site, title certificates that already exist, as well as any easements or restrictions. Every subdivision project is unique and will come with its own combination of constraints.
Once the background of the project is understood, discovering and estimating costs and time becomes much easier. Thus, an informed decision on the viability of your subdivision can be acquired.
The new Unitary Plan in Auckland has come about from increased demand for housing in the region. The changes that it has brought mean that greater opportunities now exist for property owners looking to subdivide and build new housing.
Before getting started on your development journey, the initial first step is this feasibility test, so you can best understand the available options for your site. At 3C Homes, we offer you a FREE, no-obligation site evaluation report to further understand your site and its potential.
Our site evaluations will confirm the viability of your site and any limitations in achieving its full potential. This will also help outline the best existing 3C Homes design that best fits your property and your development goals. Our in-house specialist team is ready to guide you through your journey.
What does it show?
Having your report done by a professional is essential to your process. A property surveyor will be able to map out your property lines to avoid the ambiguity that often comes with land. These maps will help to dictate where you can build, and what you can build in certain locations. These maps may have an affect over insurance and mortgage options.
It’s important to know what you’re going to learn from your feasibility test and how it will affect your design plans.
Below are five important points that will come from your feasibility report.
Shape and Contour
The topographical map will shed some light on the shape and the contour of your land. The shape of your land refers to your section's terrain, while contour lines connect the points of the land that sit at the same elevation above sea level. The distances shown between contour lines reveal your land features, such as hills or valleys.
The information from the topographical has the potential to expose possible limitations on your site and expose what you can do with your land.
Legal Boundaries
Your land surveyor will map your property site and be able to decipher precisely where your legal. This information is essential to know to determine what can be done within your subdivision development.
Height Requirements
Each area has differing rules around the height requirements of buildings; a map of your property will be able to tell you where your desired property will fit on your land, and whether plans to build up will be viable. This information doesn’t just apply to the top of your desired build, but also to chimneys, antennas and aerials, too.
Location of Fences
Theoretically, fences should exist on the boundary line between two properties. In reality, it doesn’t always work that way, and fencing isn’t always placed where it’s meant to. This leads to issues involving fixing or replacing existing fencing and affecting the selling of the property. A property map will be able to reveal where exactly your fences lie.
Whether or not your project is possible
If you have plans of adding on to your property, be it a dwelling, garage, pool, property mapping is essential. Plans determine how close you can build to the boundary, so you first have to map to determine if there is enough space.
Importance of getting a Feasibility Report
The feasibility report contains a lot of important information that impacts in your build. With this information a number of decisions regarding your plans can be made. Without a feasibility report you won’t be able to understand the extent of work that you can undertake on your property.