This is usually part of the Estate Surveyor and Valuers function as project manager but requires further explanation here. It is prudent that before embarking on a property development project, an Estate Surveyor and Valuer should be commissioned to carry out a pre-investment study.
Such a study will determine what is appropriate for a particular site as distinct from determining whether the proposed line of investment is viable. With the Firm’s knowledge of the property market, we are in a position to advice as to what development the market would accept for a particular site.
Having determined what is appropriate for a site, the Firm will prepare a proper feasibility and viability study after obtaining the inputs of other professionals to determine whether the scheme, as designed, is viable or not. It is not unusual for such a scheme not to be undertaken or modified thereby saving the investor potential losses.