How To Do A Property Development Feasibility Study (Spreadsheet Template)
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- čas přidán 2. 08. 2024
- When looking at a property development for the first time, it is common to as, "How to Conduct a feasibility study for property development?" In this video, I'll show you how to use a spreadsheet (Excel or Google Sheets) to create a financial feasibility report.
📞 CONTACT: kentcliffe.com.au
To conduct a property development feasibility, you need to consider what makes good financial feasibility, what makes a lousy feasibility, when you should use a property development feasibility and common mistakes. My preferred spreadsheet is Google Sheets (because I can use this on the road), but I still have a love for Excel - it is my first spreadsheet love.
A property development template should start off by including a summary of the costs, the expected profit margin, the ability to iterate through a range of property development options, an identical structure to follow each time in the template and it needs to have reliable inputs.
I start off with identifying the key information such as the address of the property, zoning and links to all the relevant information. I have common questions which I ask the real estate agents. Then I work out my end sales value of the property development project. This is followed by a summary of the property development costs (commonly known as the financials).
When creating my property development feasibility, I try to minimise mistakes with the use of commas, work on a rate $/sqm in my financials, make sure all taxes are included, I don't get into the lending and avoid IRR calculations (early in the feasibility).
Finally, best of luck in conducting your next property development financial feasibility study. - Jak na to + styl
Have more questions about a property development feasibility? Contact me here: www.kentcliffe.com.au
Hey Kent, My names Mick, Is there a way of obtaining this
Thank you I will start watching your videos they are very helpful - getting into doing flips with my husband. The spread sheet will help.
No worries, best of luck on your search 👍
Love the way you walk through the spread sheet and the site and explained what you were thinking as you go. Very helpful for anyone that learns better from doing rather then reading or listening. Most videos out there just talk about stuff so this was quite unique. Great effort as always.
Glad it helps, my learnings through textbooks have been quite limited. Only the basics, I find it is the 'street learning' which adds value. This is commonly missed, because most people educating aren't always practically doing what they're teaching.
Kent Cliffe very true. I have started a course that teaches you about real estate investing for distressed houses. Do you know of any agencies specializing in that area?
Hi Kent, your work is amazing. Do you have a copy of the spread sheet available? I'm in Geraldton and id love to learn more.
Thank you so much for such a good video mate!
Probably none of my business, but are you going to produce more videos or are you done with youtube :)
Cheers
Hi Kent,
Excellent video, help a lot to learn PD. Just wondering if you could share the latest copy of the spreadsheet. Cheers mate
Where can I get this template from? Looks good
So the DFS is only applicable for Western Australia?
So are you going to share your spreadsheet?
Can you do a breakdown of your renovation costs? Because $1000/m2 sounds absurd unless you want to turn it into a palace
Hey Kent great content as always. Is there any chance you could do one of these for buying an investment property? I've been trying to make a spreadsheet but nothing as good as this.
Yeah, I will have something planned shortly. This is a little bit more involved then development feasibility, so I'd expect it to be a multi part series.
@@KentCliffe can't wait!
is this spreadsheet available?
hi, can we get a copy of ypur spreadsheet?
How do I create a spreadsheet likebtaht
Hey there, just wondering if you could please share your cash flow template? Thank you :)
Yep, it's in one of my comments below.
Hey Kent, is there anyway to get a copy of that spreadsheet you use for feasibility testing, would love to get a copy and happy to share my email.
Link to download your sheets?
Hi mate, apologise it has taken me a bit to respond. I lost the comment. Here: docs.google.com/spreadsheets/d/1pc-94hkqL-bpY1n9SEZ3KS2NwcAAch6Qg3F3y4L6FYY/edit?usp=sharing&fbclid=IwAR2S2Q7RzIV02Ag-H_32MoSXhhh_4wXLg2GQ3MbI6j2VzMSmfHK8vEplMfM
@@KentCliffe legend mate
Thank you for the link; very helpful spreadsheet 👍🏻. Do you have a plan of releasing it for a fee or making it a software item for purchase? It would be great to have a released version.
@@blondspike74 Not at the moment. But it may be something coming soon.
Link
You need to sort out the acoustics in your house.