Buildafrique (Ruiru Branch) is a Feasibility Study Expert Consultant and Market Research company arm of BUILDAFRIQUE GROUP with a Regional Branch office in Ruiru Town that is strategically positioned to serve Kiambu County regions of Thika Super Highway, Thika Town, Kiambu Town, Juja, Kasarani, Githurai, and Gatundu Town, that specializes in assessing the viability and practicality of proposed real estate and related projects and business venture to guide investors and investment stakeholders through the decision-making process as well as in choosing viable investments.
As such, Buildafrique provides comprehensive assessments of the practicality, viability, and potential risks associated with a proposed project or business idea. These studies help stakeholders make informed decisions by evaluating various financial, technical, operational, legal, and environmental considerations.
A Real Estate Feasibility study is therefore an essential step in assessing the viability of a real estate investment and project development in Kenya or any other location. Below is an overview of Buildafrique’s role as Feasibility studies expert consultants in Kenya:
1. Project Assessment and Definition: Buildafrique evaluates the project’s goals, objectives, and overall scope and determines if the project’s objectives are realistic and achievable given the available resources and constraints, including identifying the property type for investment (e.g., residential, commercial, industrial), size, location, and intended use.
2. Market Research: Buildafrique conducts in-depth market research to understand the target market, customer demand, competitive landscape, and market trends. This analysis helps stakeholders assess the project’s potential success in the marketplace.
3. Technical Feasibility Study: Buildafrique offers technical and comprehensive real estate feasibility studies tailored to the client’s specific needs. Whether it’s a residential, commercial, retail, industrial development, infrastructure initiative, or any other venture, we conduct thorough assessments to determine the feasibility of the investment project.
4. Location and Site Analysis: As part of the location analysis exercise on the real estate feasibility study, Buildafrique evaluates the suitability of the chosen site or property, considering factors like soil quality, topography, environmental impact, and infrastructure availability.
5. Competitive Landscape Market Analysis: Buildafrique analyzes competing properties and similar investments in the market and in the area location to understand their features, pricing, and market positioning, identify opportunities and strengths to differentiate your project as well as weaknesses and threats for investment risk management.
6. Product Definition and Concept Design development: Buildafrique’s real estate feasibility studies process further involves the definition of the Investment Product and Concept Design appraisal for the investment product options from the feasibility study market research report.
7. Project Cost Appraisal and Cost Estimation: Buildafrique through its Quantity Surveying Company develops a comprehensive project cost estimate and cost appraisal for the entire project that includes Construction Costs, Development Cost Plan, Approval Permit charges, Professional Fees, Financing expenses, and operational expenses.
8. Legal and Regulatory Compliance: Buildafrique ensures that all real estate feasibility studies consider and adhere to local and national regulatory requirements in Kenya. As such, we help clients navigate the permitting and approval processes, ensuring that the real estate investment project complies with all legal and regulatory standards.
9. Financial Analysis and Projections: Buildafrique develops financial models and projections, including estimating costs, revenue potential, and return on investment (ROI) to determine the financial feasibility of the project. This includes creating income statements, balance sheets, and cash flow projections.
10. Sensitivity Analysis: As part of the investment analysis, Buildafrique performs sensitivity analysis to assess how changes in key variables (e.g., rent, occupancy rate, interest rates) would impact the project’s financial performance.
11. Legal and Regulatory Compliance: Buildafrique also reviews local zoning regulations, land-use policies, building codes, and environmental regulations to ensure compliance with the real estate investment project, including identifying any permits or approvals required.
12. Operational Plan and Methodology: In our Real Estate Feasibility Studies approach, Buildafrique analyzes the operational aspects of the project including assessing staffing requirements, supply chain logistics, production processes, and other operational factors to help stakeholders understand the practical implications of the project. This includes the development of an operational plan and methodology that outlines how the property will be managed and maintained once it’s operational, including operational and property management costs and strategies.
13. Risk Assessment: Buildafrique finally identifies and assesses potential risks associated with the real estate project, such as market risks, regulatory risks, construction risks, and financing risks, and further defines risk mitigation strategies.
14. Exit Strategy: Additionally, Buildafrique defines the exit strategy for the project. This includes determining whether the property will be held long-term, sold, or used for another purpose.
15. Customized Recommendations: Based on the findings of their feasibility studies, Buildafrique provides clients with customized recommendations and strategies. This includes guidance on project modifications, financing options, and overall project feasibility.
16. Project Development Support: Beyond feasibility studies, Buildafrique can assist clients in various stages of project development, including project management, concept design, and construction management, providing end-to-end support for successful project implementation.
17. Continuous Monitoring: Buildafrique as a consultant is also involved in monitoring the project’s progress after it is initiated to ensure it aligns with the initial feasibility study findings and recommendations, including continuous monitoring of the project’s progress and financial performance throughout its lifecycle and adjusting strategies as needed to address changing market conditions and risks.
In summary, Buildafrique Group plays a vital role as a Feasibility Studies Expert Consultants company in Kenya real estate development projects, with our comprehensive approach, market expertise, and real estate development expertise through our four (4) subsidiary companies, making us a valuable partner for those looking to evaluate and launch successful real estate projects in Kenya.
Contact Buildafrique Group on the contact page above, or call +254 722 474285.
You can also visit our Feasibility Study and Market Research page on our website Solutions Page for more information.