Land Acquisition
The first and foremost step in the development of a condominium is acquiring the land. While evaluating land options the developer would like to assess numerous situations that will play a major role in ascertaining, whether to acquire the lot and what should be done with it. This typically includes town planning, municipal planning conditions, geographic characteristics, and proximity to other locations such as schools, railways, airports, etc.
If there are existing buildings on the land that the developer plans to include in the project, a thorough evaluation by the engineer will prove to be very useful to calculate the life span and future repairs and replacement costs.