In land development, success begins long before construction starts. One of the most critical yet often overlooked phases is pre-development. It entails planning, analysis, permits, and budgeting, and it costs money. If you understand how to manage preliminary design costs, you may save time, reduce risk, and safeguard your investment.
At Developers Research, we help developers through every phase of the pre-construction stage. Here is how a strategic approach to pre-development cost management can provide a huge impact.
Pre-development costs are expenses that happen before the start of the physical construction stage. Sometimes they are known as 'soft costs.' The beginning of development expenses encompasses everything that happens before you break ground, from initial land acquisition to environmental studies, permissions, and then all of the intricacies that go into producing your more thorough site plans.
Common initial research and development costs include land purchase.
These costs lay the groundwork for your project, and managing them wisely is essential to avoid costly setbacks later.
Without oversight, pre-development costs can get out of hand quickly. Delays, legal issues, or design changes can require funding that's beyond the allowance. Smart planning allows you to plan realistic budgets and detach outlier funding.
By reviewing costs upfront, you're analyzing whether a site or project is financially feasible without expending large amounts of capital. Evaluating costs ahead of time provides data that helps with smarter, informed decisions.
Considered pre-construction planning can frequently result in faster permitting, fewer regulatory obstacles, and a faster start to construction when it comes time to mobilize.
The abuses and obstacles in the beginning period of building might be numerous. Whether zoning problems, over-environmental sentiment, or otherwise, if you can prepare and predict issues ahead of time, action can be taken to avoid potential schedule or expense consequences..
With decades of experience in land development consulting, Developers Research brings clarity and structure to the pre-development phase. Our services include:
Our team acts as an extension of your team, allowing you to draw on the best expertise that helps you to avoid mistakes and have a longer-term focus on project outcomes.
Pre-development costs can be complex, but with the right approach and the right partner, they don’t have to be overwhelming. If you take the time to plan, budget, and analyze upfront, you will have a smoother development with fewer surprises and better financial results.
Partner with Developers Research to navigate your pre-development phase with confidence and clarity.