3.3.1 Property-specific factors 60. 90 endobj Valuation of a property may be prepared by different methods. 3.1 Introduction 49. AIDS HELPLINE: 0800-123-22 Prevention is the cure . Calculating commercial property value is much different than calculating the value of residential real estate—even for the most adept appraisers. 0000025648 00000 n The appropriate application of a method of valuation depends on the nature of the property as well as availability of reliable data. 37792 GOVERNMENT GAZETTE, 1 July 2014 Act No. "���1 �či+�@"RHt �bd|d100��:� �. ?J? Neither the owner of the property or any other person (s) has influenced this l@`��. endstream endobj 356 0 obj <>stream << /Linearized 1 /L 197482 /H [ 1076 201 ] /O 47 /E 81442 /N 6 /T 196524 >> endobj The First Edition of 'An Introduction to Property Valuation' was published in 1975 to provide an introduction to and general background reading for the subject of property valuation. Rains County Appraisal District (RCAD) is responsible for the appraisal of the approximately 14,190 taxable properties within Rains County. 42 0 obj � ��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���� IVS 400 Real Property Interests 81 IVS 410 Development Property 88 IVS 500 Financial Instruments 99 Index 108. 0000062244 00000 n 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. Introduction to Personal Property Valuation COURSE OVERVIEW PG201 is the introductory class to the Principles of Valuation course of study of the American Society of Appraisers (ASA) for Personal Property Appraisers. 0000020880 00000 n 0000024922 00000 n hޜ�m��@���~l)���/p��T��p�zE��Ӡ��H��޿�̮ދxg)a3ٝٙ��g��`�i'�(S`QjfIÂpl���� k�5�֢������U^u,8ɇ��k^l��Z��y����|Tf���ꨮ�������"��ڿ��Q�+��ì,��cZ+�\aPGA��$�����f2��t0� �r�ӮɻՖO�f��qi��rB�q���~�)s&���w�(>{��іo�}W7��p���5�NO&gC�V���6|^T��-�棢i��6k�x�kN���L��|�p�Q6��!�i��U��r�!V�9[����B)R�{xFuV�~���`%�"3�=E`3J�%�HhE�Vc�p@�fd��4� ����N�@�/���L�t�^�d��%" << /Length 68 0 R /S 66 /Filter /FlateDecode >> stream 0000001076 00000 n financial statements are described in the Fixed Asset Manual. %PDF-1.5 %���� It also provides a definition of the valuation requirement (i.e. 4. Aswath Damodaran 3 A philosophical basis for Valuation 2 No. 4. 0000000970 00000 n Request PDF | Introduction to Property Valuation | This chapter provides an introduction to the subject of property valuation. Pzr�O�h�5ss�+���^�ꑍM�a�m� Z=tm�u �ߩ�>��E��U�O�E.i��j-Ө�e]�� endstream endobj 359 0 obj <>stream 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. 375 0 obj <>stream Rains County is comprised of approximately 259 square miles of area. Depreciation methods for. An Introduction to Valuation Aswath Damodaran. 5. 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. << /Type /Pages /Kids [ 47 0 R 1 0 R 9 0 R 17 0 R 25 0 R 33 0 R ] /Count 6 >> endobj share of a real estate property will require different information and follow a different format than the valuation of a publicly traded stock. 0000020068 00000 n 3.3.2 Market-related factors 66. 3.2.2 Bases of value 57. 3.2 The need for valuations 50. ^��Y��b��J�@/��W{L��e(v�O�h�����K���~Q����E��* 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. 17 of 2014: Property Valuation, 2014 . x�c``�``� "� ��20��7r� �P|��FR-�b@~5C*C6P{1#�\&��ܝ���o1^bu烰���� This new edition of bestselling textbook Introducing Property Valuation provides students with a comprehensive introduction to the concepts and methods of valuing real estate, helping them to progress successfully from basic principles to a more sophisticated understanding. View Introduction of Valuation_Real Estate_Real Property.pdf from REM 111 at Universiti Teknologi Mara. Discounted Cash Flow Valuation The value of any cash-flow producing asset is the present value of the expected cash flows on it. 0000001277 00000 n oJ?�` ��4F�&�}�Y{N�Fl�y�0U}ߓ?��*�٧ :��# In addition, to the comparable-property method to assessing value, appraisers may also estimate value by cost or … 46 0 obj 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 0000020903 00000 n 0000020336 00000 n H��RMo�0��W�(�H���@Q �{ȰvE� �������|�v�$���w>�s��o6��{�2QF��o�.c�?�:P�x��j����z~�|�{��b>�j$*�R��G�2���Tfb"�X��'�����_9c�G�i�� �� ���,Hϙ�r$ΙJ�4��g�&1��t#����?P���n��E�i��_$�b�g��R"\`��5n�{����V�B,�j�~h�nC|�O�\��������$�$Y�R�v)n���� dU�i;�+���%Q�D[���f�}~aڽĦ�� �W����eA��\,�V��� Taking a practically oriented rather than purely theoretical approach, this … 0 �� 0000061260 00000 n Useful life is an estimate of the period of time the LGU expects the asset to be in operation. Introduction 1 Introduction The International Valuation Standards Council (IVSC) is an independent, not-for-profit organisation committed to advancing quality in the valuation ?�\�\Jo 0000001255 00000 n No representations or warranty as to the description, extent, zoning, or condition of any land, buildings, or other improvements is given or made. Introducing 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. endobj 3.3 Determinants of value 60. 3.4 Valuation procedures 69. ���5o�`������Lj��Xy�-��WQcj5JSVg6�U�d�!�F6��gqj���,�����aŸ���,�n��v�_���o�B���1�yC��7���� ��!�[#��9K�-*.�.�lt�e�[� ~�"| trailer << /Size 69 /Prev 196512 /Info 41 0 R /Root 43 0 R /ID[<96c06e81680c3fa9ca7827eabce41706><96c06e81680c3fa9ca7827eabce41706>] >> startxref 0 %%EOF 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 What is Property Valuation 49. 17 of 2014 Property Valuation Act, 2014 ACT To provide for the establishment, functions and powers of the Office of the H�\T�n�0��s���bLB"U=4�a+UZ��U{�IZXQ�R�t�~� $=���7o�gR. H�\��n�@��~�Y&���so,YH�ET�0�@-�2΂���(��|`��w�5����w�˿OCs��;w};���>5ѝ��u�ڮ�?>-�͵��os���U�����y���m;��c���8u��=��]~|�?��٭�f��xNA_��k}�._�=�t���OiͿ_������5e�����n�T���U��ظ�-=6Y�����q�������*���*�%� V�������\�w�xOރ_ɯ�7r��0������_���|A�0_�/����bd����p_���}� 0000080805 00000 n h�b```�B�] cb�@�)�l����1l�Xl��Vt�)IK=���n24f��.F7�����4�0X����Q���Y;�jFy&s�U�+��m����]ú]l@-��������W�{E��i� �DJ /�0% Introduction to Valuation (Updated for Spring 2020 class). endstream endobj 357 0 obj <>stream After a general introduction to the property market and the economic ideas that underlie valuation, it introduces the theory of valuation as a set of analysis techniques for identifying and understanding market signals in a financial context. CHAPTER 1 AN INTRODUCTION 1.1 Introduction Property management seeks to advise on the establishment of an appropriate ... property, and the maintenance of the building fabric and its functionality. 3.4.1 Terms of engagement 71. 0 Page 1 of 6. � INTEREST An interest is a right, title or legal share in something. H�\��n�@���C&Lw"!K;�|ȏ��`{����>]T�HA���LwUA��z���oih�ar�>v)��sj�ۅC�E麾����g{l�,����4��&�]�n��)]�՟n؅�,M]H}�!N�p˥���=7�Ks.��n6������j~N|\����}A3�Ѕ�ش!5����k��'��Y�ݯ��`�n��kRV�8\���+�?����̶��|K�W� �t@F��+�H���@Z�6��,���@ZsH�������#X4o����(Z�œ��I�>�����:�x"Cceu�e�Q$��Ύ䃾�YY��p)$^��Q�VKf���.����,Y���/2��gȴ���P��(�J'�\a(�~ }���A��DV ��}�u�̍�b4�U �O=���S�РN�H�_ �d{ Valuation ( Updated for Spring 2020 class ) valuation depends on the nature of the as... Its selling price, or income or rent it may fetch taking a practically oriented rather than theoretical., to the comparable-property method to assessing value, appraisers may also estimate value by or! 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