Question

Which element has the greatest risk when modeling a planned condo building development from raw land? (Choose the best answer and explain)

a. initial land purchase price

b. the ability to obtain LEED certification as required by federal law

c. market prices of condos when ready to sell

d. the availability of construction permits since only a certain number are permitted to be issued by cities at any one time

Answer 1

out of these four options

option B i.e.the ability to obtain LEED (Leadership in energy and environmental design) certification which has been introduced by U.S. government in the year 2000 to 2005 which contains various rating system related with raw material to design of project related with certain green concept code .....

no doubt there are certain benefits also there like good valuation of the project, can have high price after this certification but that is only after getting this certificate .

they need to follow verious building standards and iso certified products while constructing a building ex. used product with green seal while constructing a building so some times it will increase the cost too intialy so it requires huge amount of capital to invest and it has also kind of registration fee if you are not a member than.

and at last there is rating and certification too.