By David Cadman
Estate improvement is a pragmatic e-book, which provides the reader a whole evaluation of the improvement method. it really is meant as an introductory textual content for college students and others coming to the valuables improvement method for the 1st time, and case experiences are integrated to supply genuine illustrations of specific facets of this procedure. a lot has replaced because the ebook of the fourth variation, and sections on sustainability and concrete regeneration were extra to this totally revised and up-dated textual content. Emphasis is additionally given to the consequences of globalisation and the ecu to the united kingdom estate improvement method. an internet site accompanies the publication, with help fabric reminiscent of appraisal spreadsheets.
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Additional info for Property Development, 4th Edition
Sample text
Financiers will often employ building surveyors to check on the construction phase of the development to ensure that it is being built to the right specification and to certify drawdowns of the development loan. In the public sector local authorities, central government and the Inland Revenue all use valuers to advise and check on any development related work. 8 Professional team Most developers do not have the skills or expertise to carry out a major development: the development process is complex.
Developers must be aware of their interest (or likely interest) and be prepared to accommodate or refute their opposition. Ideally such negotiations should be carried out before a planning application is made to avoid lengthy delays. Opposition can be costly to a developer, either by imposing higher standards and costly alterations or lengthy delays. At worst opposition can lead to the complete abandonment of proposals, which may have been unsound. Prudent developers need to account for objectors when evaluating their proposals.
The best time to carry out this study is when the development plan is in its draft or review stage as there is then a chance to influence the allocation of land by presenting evidence at the public inquiry to include a particular site. Accordingly, it is of vital importance that developers know the timetable of every review and draft publication of the development plans relevant to their area of search. The study should advise the developer which sites should be pursued. A developer may employ a particular agent or lobby a number of agents to find sites in a particular area.