The general real estate process and scope of services that Build with Purpose provides is outlined below. Still, every project is unique and the services are tailored to meet each project. Furthermore, it’s worth noting that real estate development is about making choices, and we approach the feasibility phase thinking about choices that can be made to make a real estate project feasible.
Feasibility Phase
· Determine project objective
· Evaluate project parameters and priorities
· Assess the financial viability of client
· Create development budget
· Draft project schedule
· Identify project team
· Identify potential obstacles
Predevelopment
· Refine project budget
· Secure predevelopment financing
· Retain project architect and engineer
· Create program parameters
· Complete construction documents
· Secure cost estimates
· Complete project due diligence (environmental studies, etc.)
· Determine equity requirements
· Complete code review
· Identify potential lenders and apply for financing
· Obtain site control
· Select project development team
· Finalize project schedule
· Negotiate project contracts and agreements
Development Phase
· Finalize construction bid documents and bid project as required
· Finalize and execute all project documents
· Secure and close on project financing
· Secure necessary government approvals including zoning and planning as required
· Interview and select contractor
· Proceed with construction start
· Oversee construction process as owners representative
· Attend all construction job meetings
· Process necessary paperwork for loan draws
