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16 Cards in this Set

  • Front
  • Back

Land Valuation Methods (4)

Comparison


Development


Residual / Income [Potential Income]


Allocation [Total Property Value - Site improvements = Value of LAND]

Tax - Based on the value of the Property

Ad Valorem Tax

Parking Spot Dimensions


"9’ x 18’ - 20’


Accessible: min 8’ wide, min 5’ wide loading for cars and 8’ loading for vans


20’’ between cars"

Sidewalk

5’ min

Egress: Travel Distance to the enclosed stair

250’, including 75’ maximum before you can choose one of two exits.

National Register of Historic Places

Building must be 50 years old or more

Pro Forma

Financial analysis. Cost/return on investment.

Multiple of Direct Personel Expense

DPE - Salary and Benefits are MULTIPLIED by a factor - to cover overhead and profit.

Multiple of Direct Salary Expense

DSE - Salary is MULTIPLIED by a factor - to cover overhead, benefits and profit.

Professional Fees PLUS Expenses

Professional Fees are separated from Expenses

Cost Estimation: Pre-Planning / Proposal

Based on unit costs. Per person, per bed, per sqf, etc.

Cost Estimation: Programming

Based on unit cost system. Per sqf. cost of similar building type, functions, spaces.

Cost Estimation: Schematic Design

Based on major elements of each building system. Mechanical, electrical, structural, plumbing.

Cost Estimation: Design Development

Based on detailed components. Curtain walls, storefronts, lay-in ceilings, etc.

Cost Estimation: Construction Documents

Based on unit rates for construction competes, assemblies and systems.

Subrogation

Insurance company tries to recover its losses by suing the party that might have been responsible.