Land project feasibility: what belongs in the budget?

Start feasibility work with a project compatible with verified constraints, then estimate cost and time. Cheap land does not automatically offset difficult preparation or unsuitable use. Consider delays and cost changes through several scenarios rather than relying on one optimistic outcome.

Practical steps

1. Include surveys, design, approvals, site preparation, construction and management
2. Obtain independent estimates for the most expensive or uncertain elements
3. Define a decision point at which to stop if essential conditions are not met

General guidance. Consult qualified professionals on legal, financial and technical matters specific to your transaction.