Development Services
There are myriad risks when developing real estate and success often depends upon the team of professionals you have around you.
Churchill Spires has the experience and market knowledge to help you identify and evaluate development opportunities that will achieve your profit goals.
Development Appraisal
For development projects we can assess how much a property is worth based on your specified investment parameters and business plan. This is called Development Appraisal.
Typically, a Development Appraisal is used to determine the price that should be paid for a property in a buy/sell negotiation, but can also be used to determine whether the project is feasible.
Our Development Appraisal reports address the following:
- Strengths: identify characteristics of the property/project that meet or exceed your goals as an investor based on specified investment criteria.
- Weaknesses: identifies characteristics that are contrary to your investment goals and may increase investment/development risk.
- Opportunities: highlights any upside potential of the property/project having regard to "value-add" opportunities, market trends and the regulatory landscape.
- Project Sensitivity: flags downside risks and assesses the impact of changing economic factors (i.e. rents, yields, build costs, inflation, interest rates, etc) on the project's performance.
- Recommended Price: states the min/max price that should be paid for a property based on your investment targets and goals.
- Risk/Reward Parameters: performance and investment analysis based on your business plan and recommended price.
Fees for our Development Appraisal reports vary according to the complexity of the project as well as the number of properties involved.
Please contact us for a quote at info@churchillspires.com.
Acquisition Service
You can also retain us to find properties that match your investment criteria and represent you at every stage of the transaction process.
Click Here to find out more.