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What is a Feasibility Study?

Posted by HiLine Hal
May 18, 2019

The decision to build your dream home rather than buy an existing home is exciting, although it can bring some feelings of apprehension. There are terms such as feasibility study that you may have never heard of. This article will focus on, what is a feasibility study and touch on the benefits. Then we will review why it is vital to stay in contact with your HiLine Home Consultant while finding a property to help overcome potential obstacles.

Finding your property is a thrilling time! Stepping onto a piece of property that may be “the one” can be exhilarating with all the possibilities. There is a lot of opportunities, but there is also caution when considering the property on which to build your dream home. Each property will have its own unique challenges and benefits. That is why a feasibility study is so important. A feasibility study is the act of analyzing the project systematically to determine if it is capable of being carried out successfully.

Take advantage of communicating regularly with your HiLine Home Consultant through this process as they are a valuable resource. Your Home Consultant will provide information that will help you determine if the property fits your family’s needs

Here are just some of the items to consider during a feasibility study:

  • What are the challenges of the property? How does this effect my budget? (i.e. setbacks, slope, trees, wetlands)
  • Are utilities available? How much will they cost?
  • Will this property meet my family’s lifestyle and budget?

When you feel you have enough information regarding the property it is time to start your home order. You would do this by setting up an appointment with your Home Consultant. Included in the HiLine Home order process is an on-site evaluation of your property. Would you like to learn more? Schedule your free home building consultation here.