Affordable Housing: on Viability Assessments
Residential and business property development proposals get the go-ahead once they’ve had, and passed, a housing viability report and assessment. Usually such assessments are carried through hiring a professional firm who are dedicated to give this kind of appraisals, such as Three Dragons. What sort of standards should this variety of suggested development satisfy so it can be given the go ahead? Fundamental criteria may be (and by no means a thorough list):-
- consideration of the businesses and typical earnings in the region near-by the proposed site
- accessibility to the proposed development project by motorcar, rail, bicycle, and by walking
- the affordability of the sort of dwellings (or office space if it’s a commercial park) in regards to the surrounding community
- ongoing population trends in the immediate region
- design and construction outlay for the proposed new housing estate
- influence the property site could impose on encompassing transport roads
- recent experiences of alike housing projects in the region
- impact to the county council – more streets to keep clean, street lights to install, rubbish to collect
That shows you only a basic approximation of the variety of things projected new property sites are evaluated for. A negative impact from one or more of the above-named points may prevent the housing project from being carried out. Of course, there will be further matters particular to each and every development property plan, as well as other criteria not mentioned in this article.
