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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: https://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.

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