introduction to property valuation pdf

3.3.1 Property-specific factors 60. %PDF-1.3 %���� << /Linearized 1 /L 197482 /H [ 1076 201 ] /O 47 /E 81442 /N 6 /T 196524 >> endobj To adjust property and equipment to estimated fair market value based on appraisal performed by ABC Appraisals, Inc. Fair Market Book Value Ref Adjustment Value Current Assets: Cash and Cash Equivalents $ 1,119,300 1 $ (518,000) $ 601,300 Accounts Receivable 1,668,232 - 1,668,232 67 0 obj 0000024922 00000 n What is surprising, however, is not the differences in valuation techniques across assets, but the degree of similarity in basic principles. International Valuation Standards, Sixth Edition 32 Concepts & Principles/Land & Property 2.3 Property is a legal concept encompassing all the interests, rights, and benefits related to ownership. 0000020487 00000 n ��|O�?��ԭ�[Q�����������S�C�S�C�S�C�S�C�Y����A�E�E�G�G�G�G�G�G���;��=e��,�,�o(���\�\�\�\�\�\�\�\J? View Introduction of Valuation_Real Estate_Real Property.pdf from REM 111 at Universiti Teknologi Mara. valuation that a property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. Depreciation methods for. Mr. S C Leung is a Fellow of Hong Kong Institute of Surveyors, having lots of industrial experience in property valuation, land administration, development, housing administration etc. 0000020336 00000 n ?J? Discounted Cash Flow Valuation The value of any cash-flow producing asset is the present value of the expected cash flows on it. Aswath Damodaran 3 A philosophical basis for Valuation 37792 GOVERNMENT GAZETTE, 1 July 2014 Act No. l@`��. Taking a practically oriented rather than purely theoretical approach, this … 1.3 Important terms and concepts - value, price, worth, cost and market value 5 1.4 Supply and demand as determinants of price and value 9 1.5 Land use principles 11 1.6 The Investment and property markets 15 1.7 Taxation and its effects 16 1.8 Influenae of Town and Country Flanning legislation and policies on property values 17 42 0 obj 4. price at which an informed seller willingly sells his/her real estate property to an informed buyer << /Length 68 0 R /S 66 /Filter /FlateDecode >> stream � ��p�9� ��p�9�!`�nn�nn�nn��"�^��);*:*s9�E�2G�����Td*3u�d_E_e_E_e_E_�sVvWtWvWtWvWtWvWt7v7t7���������o�7���������o�7�����{�5�/=����_*�/����8�S�>�j�>M�. ���������1�K���� 3.2.2 Bases of value 57. Valuation is the technique of estimation or determining the fair price or value of property such as building, a factory, other engineering structures of various types, land etc. endstream endobj startxref 3.2 The need for valuations 50. The present value of property may be decided by its selling price, or income or rent it may fetch. Damodaran on Valuation: Security Analysis for Investment and Corporate Finance 3.3.2 Market-related factors 66. oJ?�` ��4F�&�}�Y{N�Fl�y�0U}ߓ?��*�٧ :��# Page 1 of 6. 3 What is Property Valuation 49. H�\��n�@���C&Lw"!K;�|ȏ��`{����>]T�HA���LwUA��z���oih�ar�>v)��sj�ۅC�E麾����g{l�,����4��&�]�n��)]�՟n؅�,M]H}�!N�p˥���=7�Ks.��n6������j~N|\����}A3�Ѕ�ش!5����k��'��Y�ݯ��`�n��kRV�8\���+�?����̶��|K�W� REAL PROPERTY VALUATION METHODS Introduction. endstream endobj 358 0 obj <>stream 5. Introduction to Valuation (Updated for Spring 2020 class). 4. << /Type /Pages /Kids [ 47 0 R 1 0 R 9 0 R 17 0 R 25 0 R 33 0 R ] /Count 6 >> endobj 17 of 2014: Property Valuation, 2014 . endstream endobj 353 0 obj <>/Metadata 23 0 R/PageLayout/OneColumn/Pages 350 0 R/StructTreeRoot 32 0 R/Type/Catalog>> endobj 354 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 355 0 obj <>stream ?�\�\Jo 0000020213 00000 n In addition, to the comparable-property method to assessing value, appraisers may also estimate value by cost or … The property valuation profession 2.1 Skills required by and role of the property valuer 2.2 Who may require the services of a valuer? 43 0 obj CHAPTER 1 AN INTRODUCTION 1.1 Introduction Property management seeks to advise on the establishment of an appropriate ... property, and the maintenance of the building fabric and its functionality. 0000061756 00000 n AIDS HELPLINE: 0800-123-22 Prevention is the cure . << /Length 45 0 R >> stream When the value arrived at by different methods are wide apart and judgment cannot fix with reasonable certainty which out of them is close to the more accurate market value, an average of two or more than two methods of valuation … Taking a practically oriented rather than purely theoretical approach, this textbook enables you to undertake valuation calculations yourself. INTEREST An interest is a right, title or legal share in something. Neither the owner of the property or any other person (s) has influenced this RESIDENTIAL PROPERTY VALUATION PROCESS . endstream endobj 359 0 obj <>stream xref 42 27 0000000016 00000 n Valuation of a property may be prepared by different methods. �t@F��+�H���@Z�6��,���@ZsH�������#X4o����(Z�œ��I�>�����:�x"Cceu�e�Q$��Ύ䃾�YY��p)$^��Q�VKf���.����,Y���/2��gȴ���P��(�J'�\a(�~ }���A��DV ��}�u�̍�b4�U �O=���S�РN�H�_ �d{ 3.4.2 Inspections and investigations 71 An Introduction to Valuation Aswath Damodaran. ... base of property asset management, adding value to this and other related 2 No. 0000001255 00000 n The Valuation presented refers to bare property value and does not take any usufruct value into consideration. ���5o�`������Lj��Xy�-��WQcj5JSVg6�U�d�!�F6��gqj���,�����aŸ���,�n��v�_���o�B���1�yC��7���� ��!�[#��9K�-*.�.�lt�e�[� ~�"| 352 0 obj <> endobj ^��Y��b��J�@/��W{L��e(v�O�h�����K���~Q����E��* Introduction . share of a real estate property will require different information and follow a different format than the valuation of a publicly traded stock. 3.4.1 Terms of engagement 71. 68 0 obj It is now 25 years since the first edition of this book was written, and the objectives of the fifth edition remain the same as those of the first edition, that is to provide "an introduction to and general background reading for the subject of property valuation". This comprehensive introduction to the concepts and methods of valuing real estate helps students to progress successfully from basic principles to a more sophisticated understanding. 0000024946 00000 n 0000025937 00000 n 0000080780 00000 n 3.2.1 Types of property to be valued 52. It also provides a definition of the valuation requirement (i.e. An Introduction to Property Valuation by Mr. Leung Sun Chuen, Fellow Member, Hong Kong Institute of Surveyors, Former Lecturer, City University of Hong Kong . 3.4 Valuation procedures 69. << /Type /Catalog /Pages 44 0 R >> endobj 0000025648 00000 n Rains County Appraisal District (RCAD) is responsible for the appraisal of the approximately 14,190 taxable properties within Rains County. endstream endobj 357 0 obj <>stream 0000080755 00000 n 369 0 obj <>/Filter/FlateDecode/ID[<730B22C13359544C9F878F1A26264FE7><4E3BE018BB70CA4B808A341BD7AEACE0>]/Index[352 24]/Info 351 0 R/Length 82/Prev 114609/Root 353 0 R/Size 376/Type/XRef/W[1 2 1]>>stream Oriented rather than purely theoretical approach, this textbook enables you to undertake valuation yourself! Present value of a valuer as well as availability of reliable data and. Described in the Fixed Asset Manual any other person ( s ) influenced. 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