Methods and Models of Real Estate Valuation

Major: Geodesy and Land Management
Code of subject: 6.193.04.E.113
Credits: 6.00
Department: Cadastre of Territory
Lecturer: Dr. Hubar Yury Petrovich
Semester: 7 семестр
Mode of study: денна
Learning outcomes: INT. Ability to solve complex specialized problems and practical problems of geodesy and land management using modern technologies, theoretical positions and methods of studying the physical surface of the Earth, its shape, size and gravitational field, measurements on the earth's surface to reflect it on plans and maps, to develop connection of various scientific and practical tasks. PCO 4.2. Selection of methods, means and equipment for monetary valuation of real estate, PCO 4.5. Use of modern software and equipment to comply with evaluation procedures, PCO 4.7. Development of options for real estate management, justification of their choice according to the criteria of social and economic efficiency; PCO 4.10. Perform design, management and decision support in the process of documenting the results of the assessment, the organization of work related to the assessment of land and real estate, PL 4.2. Know and understand the legal and methodological basis of mathematical methods and models in the assessment of land and real estate. PL 4.4. Have methods for calculating regulatory and expert monetary valuations of land and real estate using market methods. PL 4.6. Have the methods of geospatial cadastral data to implement management decisions in the field of cadastre, land management and real estate appraisal.
Required prior and related subjects: State Land Cadastre and property of evaluation. Property of evaluation.
Summary of the subject: In the process of evaluation, alternative uses of the evaluated objects are generated and evaluated, and decisions are made on their optimal use. The results of the assessment serve as an information base for monitoring the impact of management decisions on the current and projected market value of facilities. The purpose of teaching the discipline is to form students' knowledge, skills and abilities that will enable them to independently solve practical problems of valuation of objects in material form, namely: valuation of real estate (real estate, real estate), including the number of land plots and property rights to them; The course aims to provide students with theoretical and practical classes on the evaluation of land, buildings and structures by modern methods. The purpose and objectives of the analysis. The most effective use of free land, improved land. Special cases when analyzing the best use of land. The methodical approach to comparing sale prices of similar objects (unique selling). The methodical approach capitalization of net income. The methodical approach with regard to costs for the construction of real estate. The method of comparison sales. Economic method. The method of correlation. Method capitalization of rent. Investment method. The method of remaining land. The method of distribution of income. Method development. General requirements to report the expert money valuation of property. Structure of the report to assess the property.
Assessment methods and criteria: • Reports of laboratory work, oral examination, reference work (40%). • final control 60% control measure, test): written, oral form (60%).
Recommended books: 1.International evaluation standards; lane. from English S.O. Puzanka. - [8th edition]. - К .: «АртЕк», 2008. - 432 с. 2. Methodical bases of monetary valuation of lands in Ukraine: [textbook. pos.] / Yu. F. Dekhtyarenko, MG Likhogrud, Yu. M. Mantsevich, Yu. M. Palekha. K .: Profi, 2007, - 624 p. 3. Perovych L.M. Otsinka nerukhomosti: navch.posibnyk / L.M.Perovych, Yu.P.Hubar. – L'viv: Vydavnytstvo L'vivs'koyi politekhniky, 2016. – 325s. 4. Frydman D., Orduэy N. Analyz y otsenka prynosyashchey dokhod nedvyzhymosty. — M.: Delo LTD, 1995. — 440s. 5. Kharryson H. S. Otsenka nedvyzhymosty. — M.: RYO Mosobluprpolyhrafyzdat, 1994. — 231s.