Real Estate Development Essay Example | Topics and Well Written Essays - 750 words

Real Estate Development - Essay ExampleGraaskamp show that developers accept a role to play in making social impacts on the community (Greer 34). The true commonwealth decisions they advance impact greatly on how the environment of neighborhood will turn out. The developers have to find ways of breaking past constraints to come up with existing estate solutions that are social to the neighborhood.Graaskamp definition of fuddle feasibility by stating that a real estate final cause is feasible when the real estate analyst determines that there is a reasonable likelihood of satisfying explicit objectives when a selected contrast of action is tested for fit to a context of specific constraints and limited resources (Graaskamp 515). Graaskamps concept of project feasibility is important in focusing on the assumptions that are involved in the decision to make real estate developments. By considering project feasibility, developers have a chance of making real estate decisions tha t are beneficial for the grocery store and the investors as well (Etter 95).In real estate development, the term market is used to describe feasibility moot refers to the evaluation of a projects practicability. The feasibility study is normally carried out on the expected cost, operating performance and mortgage market conditions. A projects feasibility study consists of a financial and market analysis (Graaskamp 517). This study is important as it helps developers establish whether or not a proposed project has the ability to generate enough cash to repair loans and construction debt services as well as provide enough equity capital return. A project feasibility study aims at answering the following questions what is the developer doing? Who is he doing it for? Whom will he scratch? Does the project make financial sense? (520)A market study is described by Graaskamp as the analysis of geographic fragmentation patterns, trends and