case presentations and the appraisal report

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Case Presentations and the Appraisal Report

Case Presentations– Maximum 2 students to

a group– 15 to 20 minute

presentation of findings The Appraisal Report

– Complete Self-Contained Format

– 20 to 50 pages ppt, Wordprocessor file

– Arcgis, Imagine, Excel, Photoshp, SPSS file

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TABLE OF CONTENTSI. Introduction1. summary of pertinent data2. site map3. aerial photograph4. sample subject photograph5. sample survey

II Description & Analysis1. Client, Intended User and Use of the Appraisal Report2. Location and Address3. Legal Description4. History of the Subject Property

III Site Condition1. Physical Geography2. Human Geography3. Assessment and Taxes/ Market condition4. Description of the Building Improvements5. Neighborhood Description

III. ValuationHIGHEST & BEST USE APPRAISAL METHODOLOGY INCOME CAPITALIZATION APPROACH RECONCILIATION ASSUMPTIONS & LIMITING CONDITIONS

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Identification of real estate

Identification of property rights to be

valued

Use of appraisal

Definition of Value

Date of value

estimate

Description of scope of appraisal

Other limiting

conditions

Reconciliation of Value Indications and Final Value Estimate

Report of Defined Value

The Subject MarketSubject and ComparablesRegion, City, Neighborhood

Highest and Best Use AnalysisLand as though vacant Property as improved

Sales Comparison Income CapitalizationCostApplication of the Three Approaches

Land Value Estimate

Definition of the Problem

The Valuation Process

General Specific Competitive Supply and DemandPreliminary Analysis and Data Selection and Collection

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To choose the correct subject property:

Focus on a familiar property type.

Make sure to keep the problem simple.

Pick a neighborhood with ample data.

Select the subject property last.

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Land and Building Descriptions

Land Description– Types of Legal Descriptions– Site analysis– Sources of Data

Building Description– Architecture– Inspection– Improvement Analysis

SITE DESCRIPTION

Site DetailsLocationMetrological datasConnectivity through road, train, air

etc.Proximity of raw material sources and

other vital facilitiesReason to chosen the site.

/Apinya/KMUTTarc354site analysis factors

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Site selection

For every site there is an ideal use, For every use there is an ideal site.

Suitable site for suitable program– The matching of a given program for a project (…school,

resort) with a suitable site is a function of site analysis– Site selection is determined by a comparative analysis of

several available sites for the same determined program to see which site can best fit the requirements.


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Factors influencing site valuation

1. Natural factors : Geology and soil, topography, habitat, microclimate, Hydrology

The categories of data and its interpretation is related to the proposed project. The level of detail depends on the nature of the program --how simple or complex and the type of site --rural or urban

2. Man-made factors : existing uses, man-made features, legal regulations and historical associations.

3. Aesthetic factors : visual qualities and relationship.


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Natural factors: Topography

Landform topographic map and interpretation Slope analysis The constraint and opportunity of landform where to get the information


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Hydrological circle

surface and subsurface water

Sensitive landscape character

floodplain

where to get the information : Hydrographic

service department, harbor department

Natural factors:Hydrology


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Typical questions– 1. Drainage pattern and major water channel– 2. Unique feature and size such as water

body– 3. Aquifer and recharge area, the depth of

rise and fall 0f water table– 4. Floodplain of 50 and 100 year storms.– 5. What pattern, quantity and quality will be

affected by the design

Natural factors:Hydrology


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Landscape ecology the important mapping the existing habitat movement pattern where to get the information

Natural factors: vegetation and wildlife


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Vegetation map Vegetation map

or existing trees map

Existing mature trees with 7-10 cm. Or more in caliper.

Existing plant groups which is important to preserve the ecology and landscape character


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Natural factors: vegetation and wildlife

Wetland species include birds and mammals needing habitats with (a) wetland food plants or wild herbaceous plants of moist to wet site, exclusive of submerged or floating aquatic plants.


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Man-made factors: land use

Existing land use on-site, 0ff-site the potential of change color symbol of land use facilities or site amenity


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Site surrounding

Aerial photograph

overall view of the site

site surrounding and its fabric


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Potential of changeTransformation of agricultural landscape pattern to a suburban housing pattern . The road network is the primary organizing structure. Streams has largely been channeled, straightened or eliminated(Courtesy of USDA Soil Conservation Service)


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Road cut through undisturbed forest changes the landscape character, disturbs natural environment and has a tendency for a lot of development along road sides

Potential of change


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Facilities

The map shown facilities’ location of Bronx Community, also shown the recreation facilities such as parks and Zoo in the site extend

Public schoolSocial service

Hospital

Fire station

Library, Post office


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Linkage and movement pattern

communication

circulation system :

accessibility

potential of change

Man-made factors: circulation


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Street system The street system of Philadelphia

1960 and New town Risender 1972


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Street Capacity


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The comparison between mass transit and private car

The number of people in one hour between each type of transportation


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Potential of change

The escalated Highway project which runs through the city center usually rejected by the community such as in Philadelphia, Chicago and San Francisco


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Density : FAR (Federal Acquisition Regulation, Floor area

ratio FAR)

Zoning district

Set back, fire lane and other regulation

Parking schedule

Man-made factors: Law and regulation


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FAR is one of the density control device, FAR is a term the zoning ordinance will use to quantify and limit the amount of square footage of building area as a function of the building site

F.A.R.=1/2

One-story bldg. Two-story bldg.

Man-made factors:Law and regulation

Site area Floor area ratio(FAR)= building area


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Zoning setback and height limits-- these minimums and maximums provide the basis for the maximum building envelope on the site.

Law and regulation


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Aesthetic factors: Visual quality

• Landscape special character• Spatial pattern of the site• Visual quality and character• Visual disturbance


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Natural features Urban features Visual value/

characters– vista– panoramic view– visual channel– framed view/ filter view– point of interest

Aesthetic factors: Landscape special character

Rocky outcrops


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Aesthetic factors:

Natural view

Urban view


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Aesthetic factors: visual character

Vista Panoramic view

Framed view Filtered view

/Apinya/KMUTTsite planning graphic

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Extensional aspects of a site

The site and environs.

Area 0-5 miles

Vicinity 5-20 miles

Region 20-100 miles

Whatever we can see f rom the site (or will see inthe probable future) is the part of the site.Anything that can be heard, smelled, or f elt f romthe property is part of the property. Anytopographical f eature, natural or built, that has anyeff ect on the property or its use must beconsidered a planning f actor.

(source: LANDSCAPE ARCHI TECTURE p116, J ohn Ormsbee Simands)

case presentations and the appraisal report

Documents

suitable site

type of site

ideal site

site planning

site valuation

site condition1

site map3

comparative analysis