Portale di Ateneo - En.Unibs.it

Real Estate Appraisal: definitions, aims, and principles
Foundations of Appraisal; International Evaluation Standards; Highest and best use; Market Value; Cost Value; Residual Value; Complementary Value

Cost Value:
building cost estimate; building system and Work Breakdown Structure (WBS); detailed and approximate estimate of construction cost; how to use typological and product price list to estimate cost value.

Real Estate Market Analysis
Real Estate Data and macroeconomic environment; Atypical conditions in real estate market; demand and supply analysis and market trends; real estate market segmentation; Intrinsic and extrinsic data in real estate properties analysis.

Market Value: definition and approaches
Standard Definition; Scope of the Appraisal; Valuation Report; Property Due Diligence; Valuation Approaches: Comparative approach (deterministic and statistic techniques) , Cost Approach, Income approach (direct capitalization and discounted cash flow analysis)

Residual Value
Definition and appraisal aims; residual value for the appraisal of building areas

Cost Benefit Analysis
Cost Benefit Analysis (CBA); measuring economic viability: internal rate of return and net present value (IIR and NPV); Discounted Cash Flow Analysis (DCFA) and CBA; financial leverage and its effects
Appraisal factors in planning, design and construction of public works: an introduction to Public Works Code (d. lgs 50/2016 and subsequent amendments and supplements).

real estate appraisal in the process of Eminent Domain.

Evaluation of Environmental goods
Total Economic Value: use and non-use values; multicriteria analysis; monetary evaluation of environmental goods (travel cost method, hedonic price method, contingent valuation method)

Building and Project Sustainability: GBTool and Protocollo Itaca

Class workshops: 1. detailed appraisal of construction cost of a residential building; 2. Property due diligence