Feasibility Studies – finding comfort in your design.

With any building project, we recommend preparing a Feasibility Study before undertaking full Design services.

Every building project requires a well-defined scope, including the extent of building, Planning Scheme constraints, and budget. A well-designed building should meet all these expectations.

Sadly, most people have unrealistic expectations of building costs, and what it ‘actually’ costs to build.

A thoroughly prepared Feasibility Study will set the parameters for the project, regardless of the scale and market. My method is to work collaboratively and informatively through the process of preparing a feasibility study, to ensure that client expectations are achievable and reasonable

 

A feasibility study for the smallest of renovations may include the first Schematic Sketches.

The issues that will be explored and defined can include;
  • Planning Scheme restraints – The Victorian Planning Scheme defines the permissible use for any given property in Victoria – and we will firstly discover if a Planning Permit is indeed required, and what regulations define the restrictions to building work. Some common examples include:
    • For instance – a Heritage Property in a Residential Zone – will have restriction to the amount of building work that can be added – and the design parameters for that building work
    • Siting guidelines define the extent of allowable building work on any residential site
  • Establishing a building envelope based on the accommodation requirements, and allowable building under the planning scheme
  • Applying a reasonable and achievable budget to the construction and fit-out works

A Feasibility Study for a commercial development project uses the planning scheme requirements in a similar but more detailed review. Additional investigations and analysis into the Neighborhood, Market and Marketability analysis, preparation of studies to define the potential Building Mass, compliant to the planning scheme, and appropriate to achieve market expectations.

The yield calculations should include all development costs, to clearly define the potential for development and profit expectations. This gives us clear indications of potential risks to any development, in which the opportunity for the design process is likely to emerge.

Preparing a feasibility study gives comfort in defining the parameters for any projects. Establishes the scope and budget in smaller projects, and establishes the risks, process, potential profit and timeline expectations for commercial developments.

Come and have a chat with us at BY Projects and we can show you what sort of Feasibility Study is appropriate for your next building project

 

Barbara Yerondais
Director and Principle Architect
BY Projects Architecture

13/09/2017

Testimonials

Jordan Hughes
23:36 01 May 25
Barbara Oh
08:27 11 Jul 24
I highly recommmend the team at BY Architecture.

Barbara, Howard and the team designed a wonderful extension to my late 1960s Melbourne home, ran the tender process to find me a builder, and superintended the build contract.

The design process that Barbara took me through was comprehensive, well-considered and highly collaborative, and the resulting extension and renovation was incredibly well-tailored to my specific needs and desires.

The tender process was similarly well-run, and we ended up choosing a builder that Barbara had worked with many times before and recommended. The recommendation was a great one and the entire build ran very smoothly, with the many quirks arising in a typical renovation being dealt with intelligently and with no fuss.

During the entire time I worked with them, Barbara and her team went over-and-above to keep me happy. As a result of their attention to detail and their focus on customer service, they ensured that what can often be a stressful time was actually a pleasure. I cannot thank them enough and would work with them again in a heartbeat.
thir carc
12:44 17 Jun 24
Barbara is very friendly and easy to work with. Thank you for the great advices.
Response from the owner 23:14 17 Jun 24
thank you Arik. Happy to be helpful
Emily Campbell
02:59 31 May 24
Barbara and the BY Projects team were fantastic to work with for our knockdown-rebuild. We had no idea what we were doing or getting ourselves in for, and through every stage of the process Barbara explained everything and was supportive and transparent.
She drew plans for a beautiful house for us which fulfilled everything we wanted while adding such flair and style that we never could have imagined ourselves.
I was so glad to have her and her team on my side throughout the build process, as we would have struggled to advocate for ourselves (or even notice) mistakes or defects by the builder.
Overall, we just couldn’t be happier with the final result.
Response from the owner 06:53 31 May 24
Thank you for your enthusiasm Emily. And thank you for trusting us with your dream Home. It's been a pleasure working with you and your family, and we trust you will enjoy your home for the years to come.
Jennifer Hauptman
03:43 04 Feb 24
Koray Yazgan
03:49 13 Mar 21
We recently had the pleasure of carrying out a renovation for Barbara and BY Projects Architecture.
The project ran very smoothly from receiving the plans, to handover day.
Barbara pays very close attention to detail and takes great pride in her work.
We look forward to working with BY again on future projects.
Response from the owner 22:11 30 Mar 21
Thank you Koray. It was a pleasure working with AMCON Homes, we look forward to working with you again in the future.
Janardhan S
05:35 15 Feb 21
Barbara provided excellent professional advice regarding Town planning and approval process by the Council. She went out of her way to find the right information and help me. Will surely use their services again when necessary.
I would highly recommend them.
Response from the owner 01:37 16 Feb 21
Thank you Jarardhan. We do hope you find a more suitable site soon to build your dream homeBarbara
Sophie Banfield
13:34 29 Apr 20
We were in a very difficult position after a VCAT rejection. Barbara came into our project and reimagined what was possible with our property. Going from a house with three shops with significantly reduced value to a development with two town houses, a cafe and all able to be subdivided into three separate properties. Barbara was positive, enthusiastic, charming at planning meeting and all in all kept us positive and hopeful. Barbara went through the whole process with us and I would say went above and beyond what would generally be expected. She worked well with our development team, working out strategies for planning challenges. We are very thankful for her time and energy.
Mark Shannon
23:46 24 Aug 19
We engaged Barbara and her team many times over many years for our Building Development Projects, including Multi Residential, Child Care and Mixed Use. Most recently for a couple of houses in Port Melbourne with complex Heritage Overlay requirements.

Barbara worked with us closely to ensure all design requirements were achieved to exceed market expectations. All permit requirements were managed in a professional and timely manner, and all processes were met on time and on budget.

The finished buildings were outstanding and the realized sales well above market expectations.

We highly recommend BY Projects Architecture for their Design sense and construction experience.
Virginia Jackson
05:25 24 May 19
I have worked with Barbara and the team at BY Projects on a number of projects now. Its hard to think how you could get better value for money. They are great architects - that goes without saying. But its the extra mile they go to on your behalf in order to secure the very best for you that makes all the difference. I wouldn't hesitate to recommend them for your next project.
Response from the owner 06:02 24 May 19
Thank you Virginia for your kind words. It is always a pleasure working with you.

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