The Ultimate Development Appraisal Excel Template: FREE Download + Training Video

The development appraisal is arguably the single most important tool and step that we take along the entire property development process. It’s the one area which overlaps the entire project life-cycle and having a robust, solid and easy-to-use development appraisal excel template is fundamental for all property developers.

With this in mind, I’m seriously excited to share with you my updated ‘Initial‘ development appraisal excel template for you to use and download completely free… And if this wasn’t enough, I’ve also prepared a short training video so you know exactly how to use it

But… What do I mean by ‘initial‘..?

Within the Property Like a Pro Academy, we teach three different types of development appraisals, which will be used at a different stage of the developed process. These are:

The ‘Initial’ development appraisal
The detailed cash flow appraisal
The profit tracker appraisal
The detailed cash flow appraisal and the profit tracker appraisals are large, complex and seriously detailed appraisals which we either use when we get into the full due diligence stage of a project (before we have purchased it), or post acquisition of a site where we want to track profit rather than land value.

These two appraisals and the training courses to go with them are provided exclusively to my Academy members… But it’s the ‘initial’ appraisal which you can download free here.

So let’s go into a little more detail about this appraisal…

The ‘Initial’ Development Appraisal Excel Template:

To download the template and access the free training video, simply enter your email address in the box below and the download page link will be sent to your inbox:

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By joining the Property Like a Pro newsletter, we will send you email newsletters containing property development blog posts, articles, hints, tips and occasional promotions about the Property Like a Pro Academy. We will never share your information with third parties and protect it in accordance with our privacy policy. You can unsubscribe at any time.

The ‘Initial’ Development Appraisal… What is it..?

This is the first development appraisal you will complete when looking at any development site opportunity which you are assessing. The idea behind an initial appraisal is to be able to quickly and efficiently assess whether a site is worth pursuing and spending more time on.

Some people refer to this as a ‘Desktop’ or ‘First Step’ appraisal, but it all really means the same thing.

It goes without saying…

An initial appraisal is completed before we purchase the site and the outcome of the initial appraisal will guide us to make a decision of whether we pursue this opportunity further.

The initial appraisal is a single page excel spreadsheet where we take the Gross Development Value and subtract the development costs and land costs to establish a profit figure. We can then assess the profitability of the project by assessing the profit figure as a percentage which will guide us to our decision on whether to pursue the site or not.

We use an initial development appraisal to quickly establish whether a site is worth pursuing and spending more time, resource and money on.

To ensure that we complete an initial appraisal quickly, we will use rough estimates and assumptions for our GDV and costs. We do not want to waste to much time reviewing each potential cost item or being to specific about the correct sales values. By using estimates or assumptions, we can quickly complete the initial appraisal and move into the detailed cash flow appraisal where accuracy is fundamental.

Pretty powerful..?

What Can the Template Do..?

The development appraisal excel template will allow you to calculate either the land value of a potential development site, or assess the profitability of a project which you are looking at.

Within the development appraisal excel template you have the following inputs:

  1. Number of units (private and affordable)
  2. Total square foot (gross internal and net saleable area)
  3. Gross development value
  4. Sales and marketing costs
  5. Statutory costs
  6. Build costs
  7. Contingency
  8. Cost of finance
  9. Land acquisition costs
  10. Property Development Profit

But it gets even better than this…

I’ve built in a macro formula to allow you to instantly calculate the land value at 25% profit on GDV..! This is an amazing feature on something that will save you lots of time.

Take a look at the screenshot below, and see what you think:

Surely after seeing the screenshot, you know the development appraisal excel template it’s going to help your site finding and appraisal process..?

Download it today completely free.

Join the newsletter to receive a FREE Excel Development Appraisal Template + BONUS TRAINING VIDEO

By joining the Property Like a Pro newsletter, we will send you email newsletters containing property development blog posts, articles, hints, tips and occasional promotions about the Property Like a Pro Academy. We will never share your information with third parties and protect it in accordance with our privacy policy. You can unsubscribe at any time.

Final Thoughts:

Whether you choose to download my free development appraisal excel template or have another version which you have built yourself, it doesn’t really matter…

The main point here is that we have a tool at our disposal which we can use efficiently to get us to appoint where we can decide if we want to go forward with a site. Completing a development appraisal can take time, so the quicker we can do this the better.

If you are anything like myself, then you will be looking at hundreds of sites during any year and being able to quickly sift through them and see which ones are worth pursuing and which ones I waste time is an important process that we need to master.

Finally…

If you are keen to understand how the more complex and advanced appraisals (detailed cash flow and profit tracker) work then head over to the Academy as these are provided exclusively to my members along with hours of training to make sure you know how to use them effectively.

Please be sure to comment below and let me know what you think of this free download.

All the best,

Mike – Your Property Pro

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