2 No. ��|O�?��ԭ�[Q�����������S�C�S�C�S�C�S�C�Y����A�E�E�G�G�G�G�G�G���;��=e��,�,�o(���\�\�\�\�\�\�\�\J? 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. 3.2 The need for valuations 50. � ��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���� endobj Page 1 of 6. ?J? 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. Pzr�O�h�5ss�+���^�ꑍM�a�m� Z=tm�u �ߩ�>��E��U�O�E.i��j-Ө�e]�� trailer << /Size 69 /Prev 196512 /Info 41 0 R /Root 43 0 R /ID[<96c06e81680c3fa9ca7827eabce41706><96c06e81680c3fa9ca7827eabce41706>] >> startxref 0 %%EOF 352 0 obj <> endobj I ������ eCZ��x�X�G��i�8djٲY�$5��{��i��\�Q���S�P�ԗx��c��5�O]��{o0=:~�tԞ��)l�=�۫5�� ��i���u�:��zͷ��E�!h7"�RR�W�ny�ES�{~�Ծ��q�o���ȚJt��b 0000001255 00000 n 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. share of a real estate property will require different information and follow a different format than the valuation of a publicly traded stock. 0000001076 00000 n xref 42 27 0000000016 00000 n 0000024946 00000 n endstream endobj 358 0 obj <>stream 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. AIDS HELPLINE: 0800-123-22 Prevention is the cure . 3.4.2 Inspections and investigations 71 %%EOF There is undeniably uncertainty associated with valuation. 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 endstream endobj 359 0 obj <>stream 0000062543 00000 n << /Type /Catalog /Pages 44 0 R >> endobj 0000061756 00000 n 3.2.2 Bases of value 57. << /Type /Pages /Kids [ 47 0 R 1 0 R 9 0 R 17 0 R 25 0 R 33 0 R ] /Count 6 >> endobj Introduction to Valuation (Updated for Spring 2020 class). An Introduction to Property Valuation by Mr. Leung Sun Chuen, Fellow Member, Hong Kong Institute of Surveyors, Former Lecturer, City University of Hong Kong . 3.3.1 Property-specific factors 60. 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 3.4.1 Terms of engagement 71. 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% 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 4. 5. It also provides a definition of the valuation requirement (i.e. 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. 0000020213 00000 n 17 of 2014 Property Valuation Act, 2014 ACT To provide for the establishment, functions and powers of the Office of the Calculating commercial property value is much different than calculating the value of residential real estate—even for the most adept appraisers. 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? 0000080805 00000 n Discounted Cash Flow Valuation The value of any cash-flow producing asset is the present value of the expected cash flows on it. Property value is the basis for assessing property taxes, and for calculating whether the sale of an investment property is a profit or a tax write-off. 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 Lenders will want to know the appraised value of a home to make sure it’s good collateral for the size of a mortgage or a home-equity loan. 0000020043 00000 n << /Length 45 0 R >> stream 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. 44 0 obj Valuation of a property may be prepared by different methods. 0000080755 00000 n 0000000913 00000 n 375 0 obj <>stream 0000025648 00000 n Depreciation methods for. 3.1 Introduction 49. 46 0 obj 0 endstream Neither the owner of the property or any other person (s) has influenced this 42 0 obj Introduction 1 Introduction The International Valuation Standards Council (IVSC) is an independent, not-for-profit organisation committed to advancing quality in the valuation 0000020336 00000 n Introduction of Valuation By: ADLIN WAFA BINTI MOHD KARIM AAP1151B 2020451862 1) … 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� Taking a practically oriented rather than purely theoretical approach, this … 3.3 Determinants of value 60. 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