VALUATION OF PROPERTY 1

SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1K222027
Module Leader Scott Martin
School School of Engineering and Built Environment
Subject Sustainable Environments & Communities
Trimester
  • A (September start)-B (January start)

Summary of Content

Introduction to Property Valuation using the comparative and investment methods of valuation.

Syllabus

Code of Measuring Practice. Inspection sheets and procedure . Office Procedure. Comparative rental valuation method. Sources of rental data. Comparative residential valuation method. Insurance valuation method. Sources of residential capital and cost data. Mathematics of discounting and compounding. Feuhold investment valuation using term and reversion method. Property markets

Learning Outcomes

On successful completion of this module the student should be able to: Measure property in accordance with RICS code and inspect property. Source valuation data.Analyse data.Prepare residential capital valuations for sale and insurance purposes. Prepare commercial, residential and rental valuations. Prepare feuhold valuations using term and reversion method.Understand the various types of report that may be required in the property market relating to the condition of the building fabric.Understand the preliminary steps to survey work including; taking instructions, Conditions of Engagement, inspection and measurement Professional Indemnity Insurance.Investigate and diagnose a range of building defects associated with domestic buildings and recommend a repair strategy.Undertake a building survey and prepare a Home Report.Preparing professional reports and letter writing.

Teaching / Learning Strategy

Lecture will provide the basic theoretical concepts and will be complemented by exercises using actual buildings as case studies Learning and teaching strategies will be developed and implemented, appropriate to students' needs, to enable all students to participate fully in the module

Indicative Reading

Applied valuation 2nd ed.Author Butler, Diane, 1944- 1995; 1 copy available at Glasgow Campus in Open Shelves - Level 4 Comparable evidence in property valuation Author Batho, Paul 2012; 2 copies available at Glasgow Campus The income approach to property valuation 6th ed. / Andrew Baum,David Mackmin & Nick Nunnington. Author Baum, Andrew 2011; 3 copies available at Glasgow Campus Introducing property valuation Author Blackledge, Michael 2009; 1 copy available at Glasgow Campus in Open Shelves - Level 4 An introduction to property valuation 5th ed.Author Millington, A. F. 2000; 5 copies available at Glasgow Campus and London Campus Introduction to valuation 3rd ed.Author Richmond, David, 1938- 1994; 2 copies available at Glasgow Campus Modern methods of valuation 11th ed.Author Shapiro, Eric F. 2013; 1 copy available at Glasgow Campus in Open Shelves - Level 4 Parry's valuation and investment tables 13th ed.Author Davidson, Alick W. 2013; 1 copy available at Glasgow Campus in Open Shelves - Level 4 Principles of valuation Author Armatys, John. 2009; 3 copies available at Glasgow Campus Property investment 2nd ed.Author Isaac, David. 2011; 1 copy available at Glasgow Campus in Open Shelves - Level 4 Property valuation 2nd ed.Author Wyatt, Peter, 1968- 2013; No copies currently available. (Estimated wait is 7 days) Property valuation : the five methods 3rd ed.Author Scarrett, Douglas, 1929-2014; 2 copies available at Glasgow Campus Property valuation in an economic context Author Wyatt, Peter, 1968- 2007; 1 copy available at Glasgow Campus in Open Shelves - Level 4 Property valuation principles 2nd ed.Author Isaac, David. 2012; 2copies available at Glasgow Campus Property valuation techniques 3rd ed.Author Isaac, David. 2013; 2 copies available at Glasgow Campus Valuation and sale of residential property 3rd ed.Author Mackmin, David. 2008; 3 copies available at Glasgow Campus The valuation of property investments 7th rev. ed.Author Enever, Nigel. 2009; 2 copies available at Glasgow Campus A valuer's guide to the RICS red book 2014 : revised for the January 2014 edition of RICS valuation - professional standards [Seventh edition].Author Banfield , Anthony 2014; no copies available in any library.

Transferrable Skills

This module will contribute towards the development of :- Analytical and appraisal skills (D1) Problem solving (D1)

Module Structure

Activity Total Hours
Tutorials (FT) 48.00
Lectures (FT) 24.00
Independent Learning (FT) 110.00
Assessment (FT) 18.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 2.00 70.00 35% Exam will cover the entire syllabus, with a compulsory section on building pathology
Coursework 1 n/a 30.00 35% Coursework will cover valuation methods