Make smarter decisions
We understand that a large part of assessing property projects involves looking at many different scenarios. These could be different finance options, different unit mixes, different tenures, different purchase prices and the list goes on.
We have built a new feature to help you to compare scenarios and make smarter decisions. Let's take a closer look at how this works and some use cases.
How to create a new scenario
Once you have create a feasibility, the first step is to create multiple scenarios. The best way to do this is to select 'Copy' from the menu on the right side of the feasibility you wish to create a copy from. Now you can edit your second scenario and make the changes you want to make.
Selecting which scenarios to compare
The next step is to select which scenarios to compare. We do this by selecting the tick box next to the scenarios that we wish to compare. When you have made your selection, your will see the count of scenarios in brackets on the 'Compare' button. Press this to launch the comparison.
Comparing multiple scenarios
In this example, I am looking at comparing the existing planning for 30 residential units and the potential enhanced planning consent for 35 residential units. In the compare window you can see a full breakdown of all of the key metrics and a high level overview of the main numbers for the scenario.
Comparing development finance options
In this example below I wanted to see the difference between three different finance options, each with different interest rates and levels of gearing. The higher the gearing, the lower the amount of equity required but the higher the cost.
Summary
The new comparison tool in Aprao has been designed to bring the most important information to light to help you make smarter decisions. The use cases are wide, here are a few ideas on how you could use this feature:
- Comparing finance options
- Comparing planning options
- Comparing unit mix splits
- Comparing an initial budget to the actual costs on a live project
- Comparing different site acquisition prices
- Comparing different construction methods
- Comparing quotes from contractors with time and cost implications
- Comparing timing estimates - fast, expected and slow
All Aprao customers have access to this feature now.
New customers can sign up to a free 14 day trial here and experience this feature for yourself.
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