Danco Limited: Real Estate Feasibility Studies
Welcome to Danco Limited, your trusted partner in real estate agency, valuation, and estate management in Kenya. We are proud to introduce our comprehensive feasibility studies service, designed to ensure the viability and success of your real estate development projects.
Danco Limited - Feasibility studies
What is a Real Estate Feasibility Study?
A real estate feasibility study is a comprehensive analysis conducted before undertaking a development project to determine its viability. It involves examining the proposed location for the development and the conditions impacting the project. Additionally, it requires studying the environment of the given location for the development to identify both internal and external factors bearing down on the project.
The scope of a feasibility study varies in line with the scale of the real estate project. The aim is to identify all the aspects of the real estate project that need to come together for success. If any necessary element is overlooked, there is a risk of making incorrect predictions that can jeopardize the project.
The why?
Why is a Feasibility Study Important?
Conducting a thorough feasibility study in real estate can take time and likely cost more money. However, the certainty that comes from knowing that your real estate project is not a shot in the dark provides priceless peace of mind. Here are some reasons why conducting a feasibility study is crucial:
Test Your Concept
A feasibility study gives you complete visibility on your costs, helping you understand what overruns to expect and how to plan for them.
Foster Confidence in the Project
Depending on the result of your feasibility study, you can develop a level of trust in your project.
Manage Your Supply Chain:
A feasibility study helps you determine if your overall business can handle the strain of executing the new project successfully.
Assess Your Financing
A feasibility study can help you figure out if you are adequately capitalized for the project.
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