Understanding the Feasibility Study

The process can bring some feelings of apprehension. There are terms that you may have never heard of, such as a land feasibility study and site plan. National Home Consulting focuses on defining what a property feasibility study is and how it can benefit you. 

It's vital to have input from a home consultant to help overcome potential obstacles during the property selection process.

Finding 'The Property' is a thrill! Stepping onto a piece of property that may be 'the one' can be a rush with all the possibilities. While there are numerous opportunities, it's essential to exercise caution when considering the property on which to build your home. Every property has its own unique challenges and benefits, which is why consulting a home consultant and conducting a land feasibility study or property feasibility study is critically important.

A feasibility study is the process of systematically analyzing your project to determine if it can be successfully completed within budget. A land feasibility study specifically evaluates all the features and challenges of a plot of land, helping you understand if building on it is practical. Engaging a home consultant can further enhance your property feasibility study, ensuring that you have a comprehensive understanding of all factors involved.

National Home Consulting will provide valuable information to assist you in determining if the property you selected aligns with your family's needs. Here are some items to consider during your land feasibility study.

What Are the Challenges of the Property?

Consider what makes the property challenging and what will need to be addressed. Think about the landscape and foliage on your property that may pose difficulties. Elements such as trees, slopes, or wetlands can be potential hurdles you might need to navigate. In Florida, protected species like Gopher Tortoises must be taken into account, with relocation costs averaging approximately $7,500.00 each. Therefore, when assessing challenges, consider, "How will this impact my budget?" We assist in compiling your list of challenges or potential setbacks during your property feasibility study.

Will Utilities Be Available?

Consider the utilities you'll need for your property and how feasible it is to establish them. You'll need to take into account standard utilities such as power, water, natural gas (or propane), and sewer or septic systems, as well as the associated costs of bringing them to your property. In certain areas of Florida, there are restrictions on traditional septic systems, meaning you may need to budget for alternatives like aerobic treatment units (ATUs), which can be about 35% more expensive.

Will This Property Meet My Family's Lifestyle and Budget?

Once you feel you have sufficient information regarding the property, it’s time to initiate your home order by scheduling an appointment with your home consultant. Many home builders and suppliers, such as Home Nation, include an on-site evaluation of your property in the home order process.