Published 5 Nov 2024
S1. Ep 3. How to BE a Property Developer Series: Talking with Steve Chandler About Feasibility and Financial Insights
Hey, Legends! Welcome back to The Building Talks Podcast, and Episode 3 of our special How to BE a Property Developer Series with me, Martin Preece, and our expert guest for all seven episodes, Steve Chandler.
This week, we’re tackling feasibility studies—one of the trickiest parts of property development! Last time, we covered acquisition; now we’re diving into the ins and outs of feasibility. Steve breaks down the three essential types of feasibility: the initial high-level look, the more detailed ‘static feasibility’, and the all-important ‘cash flow analysis’ that ultimately determines if a project’s worth pursuing. We also talk about the various consulting costs, insurances, and financial intricacies that come into play.
It’s a packed episode full of valuable insights into what it truly takes to turn a dream project into a reality—or to know when to walk away. So if you’re eager to learn the real costs and work involved in development, tune in!
Takeaways:
- Due diligence is a must for the acquisition process.
- Feasibility studies reveal if a project is worth pursuing.
- Cash flow is key to avoiding financial slip-ups.
- Knowing your contracts helps reduce risks.
- Development plans need to meet market demand.
- Option agreements can secure sites without upfront cash.
- Right consultants lead to accurate feasibility outcomes.
- Revenue is a game-changer in feasibility studies.
- Every part of development connects and impacts the rest.
- Good planning and risk management drive successful projects.
Hope you enjoy the podcast!
The views and information shared in this podcast are for general purposes only and do not constitute legal or professional advice. Neither the host nor the guests are providing specific guidance. Please seek professional advice before taking any action based on the content of this podcast.
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Building Talks Podcast
Talking to professionals in construction, property development, architecture, and beyond.
