Residual valuation of land - Revision history

Designing Buildings at 08:32, 5 August 2022

2022-08-05T08:32:57Z

← Older revision		Revision as of 08:32, 5 August 2022
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	[https://www.bsria.com/uk/product/gDXYPB/life_cycle_costing_bg_672016_a15d25e1/ Life Cycle Costing (BG 67/2016)], written by David Churcher and Peter Tse and published by BSRIA in March 2016, defines residual value as: ‘The value of an asset (for example a site, a building, a component or an item of plant) at the end of a study period. This is counted as a benefit to the project and is entered in the life cycle costing model as a negative amount.’		[https://www.bsria.com/uk/product/gDXYPB/life_cycle_costing_bg_672016_a15d25e1/ Life Cycle Costing (BG 67/2016)], written by David Churcher and Peter Tse and published by BSRIA in March 2016, defines residual value as: ‘The value of an asset (for example a site, a building, a component or an item of plant) at the end of a study period. This is counted as a benefit to the project and is entered in the life cycle costing model as a negative amount.’
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−	~~[[File:DBWCTA_C_link_protecting_GDV_ebook.png\|link=https://hubs.la/H0Nmzl70]]~~

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

Designing Buildings at 12:17, 12 July 2022

2022-07-12T12:17:21Z

← Older revision		Revision as of 12:17, 12 July 2022
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	Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.		Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.

−	~~[[File:DBWCTA C link protecting GDV ebook.png\|link~~=~~https://hubs.la/H0Nmzl70]]~~	+	= Other definitions =

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	[https://www.bsria.com/uk/product/gDXYPB/life_cycle_costing_bg_672016_a15d25e1/ Life Cycle Costing (BG 67/2016)], written by David Churcher and Peter Tse and published by BSRIA in March 2016, defines residual value as: ‘The value of an asset (for example a site, a building, a component or an item of plant) at the end of a study period. This is counted as a benefit to the project and is entered in the life cycle costing model as a negative amount.’
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		+	[[File:DBWCTA_C_link_protecting_GDV_ebook.png\|link=https://hubs.la/H0Nmzl70]]
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		+	= Related articles on Designing Buildings =

	* Appointing consultants.		* Appointing consultants.

Designing Buildings: Reverted edits by 86.22.65.85 (talk) to last revision by Designing Buildings

2021-12-17T07:02:09Z

Reverted edits by 86.22.65.85 (talk) to last revision by Designing Buildings

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at 06:58, 17 December 2021

2021-12-17T06:58:39Z

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Designing Buildings at 10:32, 21 May 2021

2021-05-21T10:32:46Z

← Older revision		Revision as of 10:32, 21 May 2021
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	Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.		Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.
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		+	[[File:DBWCTA C link protecting GDV ebook.png\|link=https://hubs.la/H0Nmzl70]]

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

Editor at 17:52, 15 April 2021

2021-04-15T17:52:54Z

← Older revision		Revision as of 17:52, 15 April 2021
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	* Development appraisal.		* Development appraisal.
	* Discounted cash flow.		* Discounted cash flow.
		+	* Drawdown.
	* Funding options.		* Funding options.
	* Funding prospectus.		* Funding prospectus.

Designing Buildings at 08:05, 1 October 2020

2020-10-01T08:05:38Z

← Older revision		Revision as of 08:05, 1 October 2020
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	Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.		Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.
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−	~~[[File:C_link_protecting_GDV.png\|link=http://zpr.io/gk2ut]]~~

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

Designing Buildings at 05:23, 31 August 2020

2020-08-31T05:23:05Z

← Older revision		Revision as of 05:23, 31 August 2020
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	Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.		Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.

−	[[File:~~C link protecting GDV~~.png\|link=http://zpr.io/gk2ut]]	+	[[File:C_link_protecting_GDV.png\|link=http://zpr.io/gk2ut]]

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
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	* Property Development appraisal and finance - second edition by David Isaac, John O’Leary and Mark Daley - published by Palgrave Macmillan.		* Property Development appraisal and finance - second edition by David Isaac, John O’Leary and Mark Daley - published by Palgrave Macmillan.

−	[[Category:Cost_/_business_planning]] [[Category:Property_development]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Designing Buildings at 13:14, 25 June 2019

2019-06-25T13:14:54Z

← Older revision		Revision as of 13:14, 25 June 2019
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	Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.		Furthermore the criteria can shift during the course of the project, for example, net to gross calculations can only be fully determined when the design is complete.

−	= ~~Find out more =~~	+	[[File:C link protecting GDV.png\|link=http://zpr.io/gk2ut]]

−	=== Related articles on Designing Buildings Wiki ===	+	= Related articles on Designing Buildings Wiki =

	* Appointing consultants.		* Appointing consultants.
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	* Yield.		* Yield.

−	=== External references ===	+	= External references =

	* Property Development appraisal and finance - second edition by David Isaac, John O’Leary and Mark Daley - published by Palgrave Macmillan.		* Property Development appraisal and finance - second edition by David Isaac, John O’Leary and Mark Daley - published by Palgrave Macmillan.

	[[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:Cost_/_business_planning]] [[Category:Property_development]]

Editor at 12:31, 15 May 2018

2018-05-15T12:31:12Z

← Older revision		Revision as of 12:31, 15 May 2018
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	Building costs form the largest risk to the cost side of residual valuation.		Building costs form the largest risk to the cost side of residual valuation.

−	In the UK, building cost information is published by organisations such as the Building Cost Information Service (BCIS) every quarter (this is a subscriber only service), giving details of historical cost information for a wide range of building types. This information is based on a national average of tender prices and is exclusive of external works, fees and VAT. There are regional adjustments to be made dependent on location. It is important to check whether cost information is based on the gross external area, including common parts, or based on net lettable areas. The difference can be as much as 20%.	+	In the UK, building cost information is published by organisations such as the Building Cost Information Service (BCIS) every quarter (this is a subscriber only service), giving details of historical cost information for a wide range of building types.
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		+	This information is based on a national average of tender prices and is exclusive of external works, fees and VAT. There are regional adjustments to be made dependent on location. It is important to check whether cost information is based on the gross external area, including common parts, or based on net lettable areas. The difference can be as much as 20%.

	== Professional fees ==		== Professional fees ==
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	= Development value =		= Development value =

−	Gross development value is calculated by multiplying annual rent by the ‘year purchase’ at a yield appropriate to the type of property proposed in a given location. ~~So a~~ rent of £500,000 and a yield at 7.5% provides a year purchase of 13.33 and so a capital value of £6,665,000.	+	Gross development value is calculated by multiplying annual rent by the ‘year purchase’ at a yield appropriate to the type of property proposed in a given location. A rent of £500,000 and a yield at 7.5% provides a year purchase of 13.33 and so a capital value of £6,665,000.

	Net development value is calculated by deducting purchaser’s costs such as stamp duty and legal fees from the gross figure.		Net development value is calculated by deducting purchaser’s costs such as stamp duty and legal fees from the gross figure.
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	* Funding prospectus.		* Funding prospectus.
	* Investment.		* Investment.
		+	* Investment Property Databank (IPD).
	* Overage.		* Overage.
	* Property valuation.		* Property valuation.