Best home designer London Architecture firm
Best home designer London Architecture firm
What is it needed?
Once you have a project brief and outline design we can create
a feasibility study and check the market cost before you fully commit to your project.
Before proceeding with any construction project it is essential that you take time to consult with a few specialists to ascertain if your project is financially viable and if there are any planning restrictions which will prevent you from completing your project legally.
Gained benefits from a feasibility study:
Confidence – A thorough feasibility study will increase the project owners confidence in his or her ability to proceed with the development. Sometimes, it may even compensate for a lack of experience if the concept is sound and there is good demand for the end product. If the project at hand requires a loan or other financial backing, confidence in the project is crucial.
Finance – Property development feasibility shows the level of finance required and for how long. Under-budgeting and cash flow problems in a project are two major reasons building projects gets stressful, full of conflict and at times even fail. Feasibility analysis allows you to see if your idea is sound and if so for you to easily convey your ideas to bankers & potential investors, and help them to understand and appreciate the reasoning behind these ideas.
The process of a feasibility study
Preliminary – The brief writing.
This is the most important aspect and it is imperative that you are able to ascertain if your deal stacks up. This pre property development assessment will determine an approximate pros and cons for your project. Will it financially be possible, if it is an investment project will there be a profit.
Understanding the fees - The process and associated Fees
Any project will require a broad team of professionals to be involved. In order to get good control over your spending it is important to know how all the professionals work and corporate without creating unnecessary overlaps and double charges
Concept Testing – Design Development
Cost overruns can cripple a property development project. A systematic property development assessment allows you to make mistakes on paper, rather than when the project is under way.
All our projects will start with an in-depth consultation find out what our clients want to achieve.
With residential projects that can mean meeting with a couple, but for larger organisations this can be a whole committee.
After we have a clearer idea of the brief Coco Architecture will produce a detailed document clearly setting out the process required to reach the required end-goal, it will also set out objectives for the scope of works listing the job specifics items to keep in mind during the design process.
Furthermore it will provide a full breakdown of proposed fees for the project, as well as her terms and conditions. This document will also set out a list of other professionals required to engage for the project. Once tis documents has been signed and agreed, the design process can start.
Coco Architecture will never take commission from other professionals, but will happy liaise and coordinate the wider team
During this stage we will produce drawings showing a wide range of design options. Sketch drawings will seek to interpret the brief and to identify a possible architectural solution. The intention is to settle on outline drawings, helping to ensure that the brief has been fully understood. We will meet up with the client to talk through various options and the pros and cons of each option. Many people often like elements of all the drawings so we will look at trying to combine these together in what s we call the ‘pick and mix’ approach. We create a second round of drawings, and discuss further with the client. If further comments or revisions are required, we will also do these.
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