1. This document provides an overview of real estate appraisal, outlining key terms and approaches. It defines appraisal as an analytical procedure to provide a sound estimate of a property's value.
2. The three main approaches to property valuation discussed are the market data approach, cost approach, and income approach. The market data approach compares the subject property to similar recent sales. The cost approach considers replacement cost less depreciation. The income approach bases value on a property's income-generating potential.
3. Several methods are described for each approach, such as the sales comparison method under market data and direct capitalization under income approach. The document also discusses tools, site visits, and agencies involved in the appraisal
Prescribing the Mass Appraisal Guidebook: A Supplement to the Manual on Real Property Appraisal and Assessment Operations” . Published by Department of Finance, Bureau of Local Government Finance.
Prescribing the Mass Appraisal Guidebook: A Supplement to the Manual on Real Property Appraisal and Assessment Operations” . Published by Department of Finance, Bureau of Local Government Finance.
ASSESSMENT OF THE BALANCED HOUSING DEVELOPMENT COMPLIANCE IN THE PHILIPPINE...Gus Agosto
This study examines the compliance of balanced housing development program in Cebu
City, its contribution in housing the poor and in urban development. In particular, the paper
sought to know what modalities were availed in the compliance, how it fares to the housing
backlog of the city, and what its role in urban development. It focuses on the 52 compliance
projects of real estate developers in Cebu City for the period of 2003 to 2014. The study
found out that there are 1,525 house and lot units, 871 lots or a total area of 81,723.4 square
meters provided as proof of compliance; the common mode of compliance is through
development of a socialized housing equivalent to either 20% of the total project area or 20%
of the total cost of the main project. The balanced housing compliance in Cebu City is a
dismal contribution in providing affordable housing to the poor. The developer’s choice of
mode of compliance was premised not only to comply, but to profit. Balanced housing
development was implemented in the narrow context of providing “shelter”, not in urban
development. In longer perspective, balanced housing development should inspire us towards
the path of a sustainable and balanced community.
The Assessors have an important role in raising the valuation standard to a higher plane. They are at the forefront of the valuation practice in public service. The appraisers in the private sector should work hand in hand with the assessors towards raising the standard of valuation practice.
BellaVita Socialized Housing of Ayala in CaviteJr Rob
BellaVita the first Socialized Housing of Ayala in Cavite.
BellaVita stands for a fresh new start to a beautiful life, optimizing Ayala Land’s commitment to the Filipino. It seeks to provide opportunity, instill pride, and foster kinship among communities today.
Interested to invest , contact us @ 0939-376-5915
email - robertsaluday@yahoo.com
website - http://www.caviterealstate.com
ASSESSMENT OF THE BALANCED HOUSING DEVELOPMENT COMPLIANCE IN THE PHILIPPINE...Gus Agosto
This study examines the compliance of balanced housing development program in Cebu
City, its contribution in housing the poor and in urban development. In particular, the paper
sought to know what modalities were availed in the compliance, how it fares to the housing
backlog of the city, and what its role in urban development. It focuses on the 52 compliance
projects of real estate developers in Cebu City for the period of 2003 to 2014. The study
found out that there are 1,525 house and lot units, 871 lots or a total area of 81,723.4 square
meters provided as proof of compliance; the common mode of compliance is through
development of a socialized housing equivalent to either 20% of the total project area or 20%
of the total cost of the main project. The balanced housing compliance in Cebu City is a
dismal contribution in providing affordable housing to the poor. The developer’s choice of
mode of compliance was premised not only to comply, but to profit. Balanced housing
development was implemented in the narrow context of providing “shelter”, not in urban
development. In longer perspective, balanced housing development should inspire us towards
the path of a sustainable and balanced community.
The Assessors have an important role in raising the valuation standard to a higher plane. They are at the forefront of the valuation practice in public service. The appraisers in the private sector should work hand in hand with the assessors towards raising the standard of valuation practice.
BellaVita Socialized Housing of Ayala in CaviteJr Rob
BellaVita the first Socialized Housing of Ayala in Cavite.
BellaVita stands for a fresh new start to a beautiful life, optimizing Ayala Land’s commitment to the Filipino. It seeks to provide opportunity, instill pride, and foster kinship among communities today.
Interested to invest , contact us @ 0939-376-5915
email - robertsaluday@yahoo.com
website - http://www.caviterealstate.com
Commercial valuation of property is the prime requirement for investments. Real estate values depend on many elements, such as the present cost of the land, taxation on the lad, the depreciation rates, and others. It is essential that a feasibility analysis be conducted first before the land is invested into. Given this context this report basically attempts to do a feasibility analysis for a property using the Estate Master Feasibility analysis tool. A number of inputs are given based on a case scenario for property. The report attempts to evaluate and critically discusses the real world scenario presented by the Estate master for each of these sets of inputs. A feasibility analysis based on commercial valuation methodology is carried out first, followed by a valuation of the site as is. The residual value is calculated here. The report then calculates the project returns based on the residual values using the Estate Master and in the second part of the report, sensitivity and risks analysis are covered.
Valuation - professional prractice and valuationKavin Raval
VALUATION IS USED TO DECIDE THE VALUE OF A STRUCTURE OR A RENT OF A HOUSE OR OFFICE . THE TYPES OF RENT ARE DESCRIBED. THE METHOD OF FIXING RENT IS ILLUSTRATED.
Economics can be defined as a social science that is studied about the behavior of people.
“A social science that deals with how consumers, producers and societies choose alternatives, among uses of scarce resources in process of producing, exchanging and consuming goods and services.”
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
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Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
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Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
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One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
2. What is a real estate
- Refers to the land and all the permanent
(immovable) improvements thereon.
Mathematics:
- The shortest distance between 2 points is a
straight line.
In Brokerage:
- The shortest distance between a seller and a
buyer is thru a real estate broker.
3. SELLER BUYER
Cost ---------- Price ------- Value
P1Million P2Million P1.5Million
capital expense in the / amount paid/offered for a / worth, usefulness, utility
formation/construction / particular property. For the/ of an object to someone
of a finished product. / seller, it is the subjective / for a purpose. It is the price
It includes the original / value of the property or the/ an asset will bring under the
cost of land and the / value in exchange. It may / present market condition of
construction materials / either be higher or lower / supply. It is either lower or
as well as profit and / than cost. / higher to price and cost.
professional fees. (1994, 1998, 1999 BE)
FINAL/ULTIMATE GOAL IS TO DETERMINE THE VALUE
4. PRICE – determine by the seller
COST – determine by engineer/appraiser thru
Cost Estimation = an estimate of the amount that
would be required to construct, produce, replace
or reproduce some tangible and/or intangible
things regardless of its ownership at a particular
time.
VALUE – determine by appraiser thru Valuation =
a determination of the monetary value of the
property rights encompassed in an ownership at
some specific time or period. (1995, 1998,
1999 BE)
5. Real Estate Broker = provides/facilitate the
determination of the value of the property
as basis of acquisition or as selling price
What Value are we looking for:
FAIR MARKET VALUE (1998, 1999)
The highest peso amount which the property
should bring in a competitive market
6. MARKET VALUE (1998, 1999, 2000)
1. The highest price estimate in terms of money
2. That a real property is acquired
3. By a buyer who is willing to buy and a seller
who is willing to sell but is not obliged or
anxious to sell
4. Both of whom have adequate knowledge of
the actual and potential use of the property
5. Which has been offered for a reasonable time
in the open and competitive market
Market value is usually equals to acquisition price.
7. Characteristics/Determinants of Value
(1998, 1999, 2000, 2001, 2002)
1. Utility (physical attributes)
2. SCARCITY (classification, shape, area)
3. TRANSFERABILITY (Bundle of Rights)
(to dispose, to possess, to use, to its fruits, to recover)
4. DEMAND (Factors/Forces influencing Values)
(social, political, economic, physical)
8. 1. The need to determine the market value of
a property
2. The need to be aware of the characteristics
or determinants of value
3. The bundle of rights of ownership
4. The factors/forces influencing value
5. Appraisal to determine the market value of
a property
9. What is Appraisal
(1995, 1998, 1999, 2001, 2002)
Analytical procedure in expressing opinion
of sound estimate of value
- Analysis (engineering, economics, etc)
- Procedure (engineering, economics, etc.)
- Expression (oral or formal report)
- Opinion (personal/signed)
- Sound Estimate (skills, experience, judgment)
- Value (in peso amount)
10. Basic tools in conducting appraisal:
1. Copy of Title
2. Copy of Tax Declaration
3. Copy of Survey Map and Vicinity Map
4. Copy of Building Plan
5. Compass
6. Measuring Tape
7. Camera
8. Ballpen and paper
11. Agencies to be visited:
1. DENR (survey map)
2. Assessor (tax mapping)
3. Building Official (building plan)
4. Register of Deeds (annotations)
5. HLURB (license to sell)
6. EMB (environmental clearance)
7. City Treasurer (unpaid taxes)
12. Conduct of Appraisal of a Property
1. Site Visitation
2. Measure boundaries
3. Measure building size
4. Notes the description of the land and
improvements
5. Notes neighboring properties
6. Conduct market data
13. APPROACH OF PROPERTY VALUATION
1. MARKET DATA APPROACH
(Sales Comparison Approach)
2. COST APPROACH
3. INCOME APPROACH
14. MARKET DATA APPROACH
- A method of estimating a property value using
the principle of substitution (1 of 12 principles
in appraisal valuation) based on comparison of
the subject property with similar properties
within the vicinity.
- The basis of comparison are size/area, shape,
location, utility and time element.
- The comparison will be between the prices paid
in actual transactions and the current prices of
the property.
15. PRINCIPLE OF SUBSTITUTION
(1992, 1996, 1998, 2002)
The maximum value of a property tends to be
set by the cost of purchasing an equally
desirable and valuable replacement property.
16. COST APPROACH
- A method of estimating the reproduction and
replacement cost thru the principle of substitution.
- It determines the cost of reproducing or replacing a
property loss after deducting its value from
deterioration and functional or economic
obsolescense.
- It estimates the value of the property by adding the
cost of replacement and cost of improvements to
the land value less accrued depreciation.
17. Reproduction Cost
- The present cost of reproducing the improvement
with one of an exact or highly similar material or
the cost of exact duplication/replica with the
same or closely related materials, in the present
market.
Replacement Cost
- The present cost of replacing or constructing a new
improvement which will represent an exact replica
of the existing one.
18. THREE METHODS OF ESTIMATING
REPRODUCTION COST OR BUILDING COST
1. Quantity Survey Method (Bill of Materials)
2. Unit Cost in Place Method (Unit Cost/sq.m.)
3. Comparative/Area-Volume Method (per sq.m.)
(the most commonly used method)
19. Depreciation
- The loss in value of any property or
improvement up to the date of the
appraisal due to:
1. Physical obsolescence (wear and tear)
2. Functional obsolescence (inadequate area)
3. Economic obsolescence (change in land
use or other external causes)
20. METHODS OF ESTIMATING DEPRECIATION
1. Straight Line-Effective Age Method
(based on the premise that a property : has certain useful life
expectancy, has capacity to produce certain income, has losses in
value in accordance with its age proportional to the estimated life)
2. Observed Condition-Cost-to-Cure Method
(actual inspection rather than by any theoritical provisions)
3. Capitalization of Rent Loss Method
(used for estimating incurable functional and economic obsolescence
such as foundation walls, oversized rooms)
4. Abstraction Method
(depends on market data by observing the market prices paid by the
buyers where the three kinds of depreciation are represented in the
properties)
21. INCOME APPROACH
- A method of estimating the market value of
the property based on its income, based
on the principles of:
1. Anticipation - the value of the property
is equal to the present value of the
expected future cash flow
2. Substitution – needed as the rental
rates for the property must be with
those of competitive substitute space
22. METHODS OF CAPITALIZATION
1. Direct capitalization Method
(a. Land Residual Technique – with
income but land cannot be accurately
estimated)
b. Building Residual Technique – with
income and land value by market
data)
c. Property Residual Technique – properties
with long term lease and building economic
life is short)
23. 2. Straight-Line Capitalization
- A method which makes no provisions for
reinvestment of net income and is useful
when future income is not fixed nor
certain.
- It assumes a steady decline in income to
satisfy the steady return of capital plus
interest which is also declining, over the
expected remaining economic life of the
investment.
24. 3. ANNUITY CAPITALIZATION
- A method which assumes a certain and
regular level of net income trend over a
stretch of years with reinvestment at the
current risk rate.
- It assumes that real estate has a finite
life and is a wasting asset which the total
capital investment is recaptured.
25. 4. SINKING FUND CAPITALIZATION
- A method which assumes the same
amount of net income every period,
being the safe rate for low-risk long term
government bonds or the savings
account rate at the banks and
reinvestment of net income.
- Believe of little value in valuation as it
assumes a real property with a finite life
as is a wasting asset.