Existing use value - Revision history

Designing Buildings at 08:01, 29 November 2020

2020-11-29T08:01:06Z

← Older revision		Revision as of 08:01, 29 November 2020
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	* What is a valuer?		* What is a valuer?

−	[[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 15:55, 23 September 2019

2019-09-23T15:55:19Z

← Older revision		Revision as of 15:55, 23 September 2019
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	RICS state that valuers should disregard any uses that would raise the value above that required to replace the ‘service potential’ of the property and should discount any element of hope value for alternative uses that could make it more valuable. However, valuers can take into consideration value attributable to extensions or other buildings on undeveloped land that might be constructed, or refurbishments, as long as it does not cause interruption to the current operation.		RICS state that valuers should disregard any uses that would raise the value above that required to replace the ‘service potential’ of the property and should discount any element of hope value for alternative uses that could make it more valuable. However, valuers can take into consideration value attributable to extensions or other buildings on undeveloped land that might be constructed, or refurbishments, as long as it does not cause interruption to the current operation.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Development appraisal.		* Development appraisal.
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	* Land value.		* Land value.
	* Rating valuation.		* Rating valuation.
		+	* Red book.
	* Site appraisal.		* Site appraisal.
	* Speculative construction.		* Speculative construction.

Editor at 18:12, 19 June 2019

2019-06-19T18:12:17Z

← Older revision		Revision as of 18:12, 19 June 2019
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	* Hope value.		* Hope value.
	* Land acquisition.		* Land acquisition.
		+	* Land use.
	* Land value.		* Land value.
	* Rating valuation.		* Rating valuation.

Designing Buildings at 10:38, 15 May 2018

2018-05-15T10:38:15Z

← Older revision		Revision as of 10:38, 15 May 2018
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	The cost of a plot of land depends on factors such as; the desire of the vendor to sell, location, size, form, accessibility, proximity to infrastructure and transport links, the general state of the property market, whether it has or is likely to receive planning permission, and so on.		The cost of a plot of land depends on factors such as; the desire of the vendor to sell, location, size, form, accessibility, proximity to infrastructure and transport links, the general state of the property market, whether it has or is likely to receive planning permission, and so on.

−	The term 'existing use value' (EUV) refers to what land is worth in its current form. In other words, the price land or property can be sold on the open market with the assumption that it will only be used for the existing use for the foreseeable future.	+	The term 'existing use value' (EUV) refers to what land is worth in its current form. In other words, the price land or property can be sold for on the open market with the assumption that it will only be used for the existing use for the foreseeable future.

	This differs from 'hope value', which refers to what land or property is worth based on the expectation of getting permission for development. Generally, land that has planning permission for development has a higher value than land that does not.		This differs from 'hope value', which refers to what land or property is worth based on the expectation of getting permission for development. Generally, land that has planning permission for development has a higher value than land that does not.

Editor at 15:34, 4 May 2018

2018-05-04T15:34:18Z

← Older revision		Revision as of 15:34, 4 May 2018
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	* Development appraisal.		* Development appraisal.
		+	* Difference between existing use value and market value.
	* Hope value.		* Hope value.
	* Land acquisition.		* Land acquisition.

Editor at 14:55, 4 May 2018

2018-05-04T14:55:10Z

← Older revision		Revision as of 14:55, 4 May 2018
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	* Speculative construction.		* Speculative construction.
	* Use class.		* Use class.
−	* Value.
	* Value management.		* Value management.
	* Value planning.		* Value planning.

Editor: Created page with "The cost of a plot of land depends on factors such as; the desire of the vendor to sell, location, size, form, accessibility, proximity to infrastructure and transport links, the..."

2018-05-04T14:51:18Z

Created page with "The cost of a plot of land depends on factors such as; the desire of the vendor to sell, location, size, form, accessibility, proximity to infrastructure and transport links, the..."

New page

The cost of a plot of land depends on factors such as; the desire of the vendor to sell, location, size, form, accessibility, proximity to infrastructure and transport links, the general state of the property market, whether it has or is likely to receive planning permission, and so on.

The term 'existing use value' (EUV) refers to what land is worth in its current form. In other words, the price land or property can be sold on the open market with the assumption that it will only be used for the existing use for the foreseeable future.

This differs from 'hope value', which refers to what land or property is worth based on the expectation of getting permission for development. Generally, land that has planning permission for development has a higher value than land that does not.

RICS state that valuers should disregard any uses that would raise the value above that required to replace the ‘service potential’ of the property and should discount any element of hope value for alternative uses that could make it more valuable. However, valuers can take into consideration value attributable to extensions or other buildings on undeveloped land that might be constructed, or refurbishments, as long as it does not cause interruption to the current operation.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Development appraisal.
* Hope value.
* Land acquisition.
* Land value.
* Rating valuation.
* Site appraisal.
* Speculative construction.
* Use class.
* Value.
* Value management.
* Value planning.
* What is a valuer?

[[Category:Cost_/_business_planning]] [[Category:Procurement]]