Development costs do not compare well, if at all, with the costs of reinstatement following for example, a serious fire. There are many factors which make reinstatement costs higher including:
- The need to commence works urgently
- The timescales involved when residents are rendered homeless
- Demolition / temporary support and protection and propping adjacent buildings
- Changed surroundings due to the passage of time
- Addition of features e.g. outbuildings post-development
- Additional site access costs
- Less efficient work programming requirements
- The differing profile of professional fees
Also, developers will construct the development of property in the most efficient way for example:
- Building from the middle of the site outwards or from one edge to another.
- There can be further access complications of bringing the same plant onto site when it comes to re-instatement.
- Additional buildings may have been erected since the property was constructed, making access significantly more difficult.
For more information or if you require a Reinstatement Cost Assessment, please contact: Adam Sukhon – Head of Reinstatement Cost Assessments | adam.sukhon@adair.co.uk.