Author: Nigel Enever
Publisher: Taylor & Francis
ISBN: 1135334536
Category : Business & Economics
Languages : en
Pages : 204
Book Description
The credit crunch has highlighted the fact that fully understanding property appraisal and valuation is more critical than ever. With a long and reliable history, this new seventh edition covers all the major aspects of valuing various types of investment property. Fully updated and revised, this edition tackles the problems of inflation and growth, the equated rent principle and the special problems of short leaseholds, reversionary investments and taxation implications. Separate sections are devoted to investment appraisal, risk, investment strategy and computer and statistical aids.
The Valuation of Property Investments
Author: Nigel Enever
Publisher: Taylor & Francis
ISBN: 1135334536
Category : Business & Economics
Languages : en
Pages : 204
Book Description
The credit crunch has highlighted the fact that fully understanding property appraisal and valuation is more critical than ever. With a long and reliable history, this new seventh edition covers all the major aspects of valuing various types of investment property. Fully updated and revised, this edition tackles the problems of inflation and growth, the equated rent principle and the special problems of short leaseholds, reversionary investments and taxation implications. Separate sections are devoted to investment appraisal, risk, investment strategy and computer and statistical aids.
Publisher: Taylor & Francis
ISBN: 1135334536
Category : Business & Economics
Languages : en
Pages : 204
Book Description
The credit crunch has highlighted the fact that fully understanding property appraisal and valuation is more critical than ever. With a long and reliable history, this new seventh edition covers all the major aspects of valuing various types of investment property. Fully updated and revised, this edition tackles the problems of inflation and growth, the equated rent principle and the special problems of short leaseholds, reversionary investments and taxation implications. Separate sections are devoted to investment appraisal, risk, investment strategy and computer and statistical aids.
Property Investment Appraisal
Author: Andrew E. Baum
Publisher: John Wiley & Sons
ISBN: 1118399536
Category : Business & Economics
Languages : en
Pages : 320
Book Description
Discover an insightful examination of the property investment appraisal process from leaders in the industry This book explains the process of property investment appraisal: the process of estimating both the most likely selling price (market value) and the worth of property investments to individuals or groups of investors (investment value). Valuations are important. They are used as a surrogate for transactions in the measurement of investment performance and they influence investors and other market operators when transacting property. Valuations need to be trusted by their clients and valuers need to produce rational and objective solutions. Appraisals of worth are even more important, as they help to determine the prices that should be paid for assets, even in times of crisis, and they can indicate market under- or over-pricing. In a style that makes the theory as well as the practice of valuation accessible to students and practitioners, the authors provide a valuable critique of conventional valuation methods and argue for the adoption of more contemporary cash-flow methods. They explain how such valuation models are constructed and give useful examples throughout. They also show how these contemporary cash-flow methods connect market valuations with rational appraisals. The UK property investment market has been through periods of both boom and bust since the first edition of this text was produced in 1988. As a result, the book includes examples generated by vastly different market states. Complex reversions, over-rented properties and leaseholds are all fully examined by the authors. This Fourth Edition includes new material throughout, including brand new chapters on development appraisals and bank lending valuations, heavily revised sections on discounted cash flow models with extended examples, and on the measurement and analysis of risk at an individual property asset level. The heart of the book remains the critical examination of market valuation models, which no other book addresses in such detail.
Publisher: John Wiley & Sons
ISBN: 1118399536
Category : Business & Economics
Languages : en
Pages : 320
Book Description
Discover an insightful examination of the property investment appraisal process from leaders in the industry This book explains the process of property investment appraisal: the process of estimating both the most likely selling price (market value) and the worth of property investments to individuals or groups of investors (investment value). Valuations are important. They are used as a surrogate for transactions in the measurement of investment performance and they influence investors and other market operators when transacting property. Valuations need to be trusted by their clients and valuers need to produce rational and objective solutions. Appraisals of worth are even more important, as they help to determine the prices that should be paid for assets, even in times of crisis, and they can indicate market under- or over-pricing. In a style that makes the theory as well as the practice of valuation accessible to students and practitioners, the authors provide a valuable critique of conventional valuation methods and argue for the adoption of more contemporary cash-flow methods. They explain how such valuation models are constructed and give useful examples throughout. They also show how these contemporary cash-flow methods connect market valuations with rational appraisals. The UK property investment market has been through periods of both boom and bust since the first edition of this text was produced in 1988. As a result, the book includes examples generated by vastly different market states. Complex reversions, over-rented properties and leaseholds are all fully examined by the authors. This Fourth Edition includes new material throughout, including brand new chapters on development appraisals and bank lending valuations, heavily revised sections on discounted cash flow models with extended examples, and on the measurement and analysis of risk at an individual property asset level. The heart of the book remains the critical examination of market valuation models, which no other book addresses in such detail.
The Income Approach to Property Valuation
Author: Andrew Baum
Publisher: Routledge
ISBN: 1317266994
Category : Business & Economics
Languages : en
Pages : 384
Book Description
A classic textbook that has guided generations of students through the intricacies of property valuation, The Income Approach to Property Valuation remains a keen favourite amongst students and teachers alike. This new edition has been thoroughly revised and updated to meet the increasingly international perspectives of modern Real Estate students. The links between theory and practice are clearly demonstrated throughout, with a range of new international case studies and practice-based examples. The Income Approach to Property Valuation teaches readers: how to analyse market rents and sales prices to derive market evidence to support an opinion of market value; the investment method of valuation and how it is applied in practice; how specific legal factors can impact on market value when they interfere with market forces; what the market and the profession may consider to be the 'right' methodology in today's market place; and how to use spreadsheets in valuation. This extensively revised new edition is perfect both for students on Real Estate courses worldwide and for professional candidates working towards their final assessment of professional competence (APC) for the Royal Institution of Chartered Surveyors, needing to demonstrate a valuation competence at levels 2 and 3.
Publisher: Routledge
ISBN: 1317266994
Category : Business & Economics
Languages : en
Pages : 384
Book Description
A classic textbook that has guided generations of students through the intricacies of property valuation, The Income Approach to Property Valuation remains a keen favourite amongst students and teachers alike. This new edition has been thoroughly revised and updated to meet the increasingly international perspectives of modern Real Estate students. The links between theory and practice are clearly demonstrated throughout, with a range of new international case studies and practice-based examples. The Income Approach to Property Valuation teaches readers: how to analyse market rents and sales prices to derive market evidence to support an opinion of market value; the investment method of valuation and how it is applied in practice; how specific legal factors can impact on market value when they interfere with market forces; what the market and the profession may consider to be the 'right' methodology in today's market place; and how to use spreadsheets in valuation. This extensively revised new edition is perfect both for students on Real Estate courses worldwide and for professional candidates working towards their final assessment of professional competence (APC) for the Royal Institution of Chartered Surveyors, needing to demonstrate a valuation competence at levels 2 and 3.
Property Valuation
Author: Peter Wyatt
Publisher: John Wiley & Sons
ISBN: 1118624688
Category : Business & Economics
Languages : en
Pages : 455
Book Description
This new edition of the ‘all in one' textbook for the postgraduate study of valuation on real estate courses retains its focus on the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. It is structured from the client perspective and covers single-asset pricing, risk and return issues. The structure of the book has been substantially revised. Part A introduces the key microeconomic principles, focussing on land as a resource, production functions, supply and demand and price determination. The locational aspect of real estate is also introduced. Macroeconomic considerations are categorised by the main market sectors (and their function); the market for land (development), for space (occupation) and for money (investment). The economic context is set and the author then explains why property valuations are required and discusses the main determinants of value and how they might be identified. The mathematics required to financially quantify value determinants are also introduced. Part B of the book describes the methods of valuation; Part C applies these methods to the valuation of a range of property types for a wide variety of purposes; and Part D covers investment and development appraisal. The author introduces valuation activities from a broad economic perspective, setting valuation in its business finance context and combining its academic and practical roots. Changes in this second edition include: less daunting economics expanded companion website with PowerPoint slides for lecturers, self-test Questions & Answers for students: see www.wiley.com/go/wyattpropertyvaluation up-to-date case studies and sample valuations reference to the newly-published Red Book (the valuer’s bible) Property Valuation with its user-friendly format, using tried-and-tested teaching and learning devices and a clear writing style, remains the core text for students on real estate, estate management and land economy degree courses, as well as for fast-track conversion courses for non-cognate graduates.
Publisher: John Wiley & Sons
ISBN: 1118624688
Category : Business & Economics
Languages : en
Pages : 455
Book Description
This new edition of the ‘all in one' textbook for the postgraduate study of valuation on real estate courses retains its focus on the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. It is structured from the client perspective and covers single-asset pricing, risk and return issues. The structure of the book has been substantially revised. Part A introduces the key microeconomic principles, focussing on land as a resource, production functions, supply and demand and price determination. The locational aspect of real estate is also introduced. Macroeconomic considerations are categorised by the main market sectors (and their function); the market for land (development), for space (occupation) and for money (investment). The economic context is set and the author then explains why property valuations are required and discusses the main determinants of value and how they might be identified. The mathematics required to financially quantify value determinants are also introduced. Part B of the book describes the methods of valuation; Part C applies these methods to the valuation of a range of property types for a wide variety of purposes; and Part D covers investment and development appraisal. The author introduces valuation activities from a broad economic perspective, setting valuation in its business finance context and combining its academic and practical roots. Changes in this second edition include: less daunting economics expanded companion website with PowerPoint slides for lecturers, self-test Questions & Answers for students: see www.wiley.com/go/wyattpropertyvaluation up-to-date case studies and sample valuations reference to the newly-published Red Book (the valuer’s bible) Property Valuation with its user-friendly format, using tried-and-tested teaching and learning devices and a clear writing style, remains the core text for students on real estate, estate management and land economy degree courses, as well as for fast-track conversion courses for non-cognate graduates.
The Valuation of Property Investments
Author: Nigel Enever
Publisher: Taylor & Francis
ISBN: 1135334463
Category : Business & Economics
Languages : en
Pages : 233
Book Description
The credit crunch has highlighted the fact that fully understanding property appraisal and valuation is more critical than ever. With a long and reliable history, this new seventh edition covers all the major aspects of valuing various types of investment property. Fully updated and revised, this edition tackles the problems of inflation and growth, the equated rent principle and the special problems of short leaseholds, reversionary investments and taxation implications. Separate sections are devoted to investment appraisal, risk, investment strategy and computer and statistical aids.
Publisher: Taylor & Francis
ISBN: 1135334463
Category : Business & Economics
Languages : en
Pages : 233
Book Description
The credit crunch has highlighted the fact that fully understanding property appraisal and valuation is more critical than ever. With a long and reliable history, this new seventh edition covers all the major aspects of valuing various types of investment property. Fully updated and revised, this edition tackles the problems of inflation and growth, the equated rent principle and the special problems of short leaseholds, reversionary investments and taxation implications. Separate sections are devoted to investment appraisal, risk, investment strategy and computer and statistical aids.
Real Estate Valuation and Strategy: A Guide for Family Offices and Their Advisors
Author: John Kilpatrick
Publisher: McGraw Hill Professional
ISBN: 1260459055
Category : Business & Economics
Languages : en
Pages : 480
Book Description
Establish a sound, multi-generational approach to real estate ownership and wealth preservation No facet of a family’s investment portfolio is as ubiquitous as real estate. Every successful family is invested in some way. The most savvy investors and their advisors understand the complexity of curating this portfolio and maximizing wealth preservation. Real Estate Valuation and Strategy is the definitive guide for anyone seeking to reduce long-term portfolio risk and enjoy significant tax advantages while preserving and growing wealth. This comprehensive, in-depth guide addresses key real estate investment strategy issues from the perspective of the successful, wealth investor. Providing the knowledge and insights needed to avoid common pitfalls, optimize the property investment cycle, and evaluate holdings from a long-term perspective. One of the leading experts in the field, Dr. John Kilpatrick covers nuances of real estate investing that are rarely presented in one succinct volume: • Key and critical differences among various categories of real estate • Acquisition strategies to uncover hidden wealth or avoid hidden pitfalls • Valuation of long-term holdings, including forest land, ranches, and collectable “trophy” holdings • When and how to use leverage for short- and long-term opportunities • Strategies for joint ventures • Monitoring holdings for early warning signals Whether you’re managing your own portfolio or assisting high-net-worth families, Kilpatrick provides tools and information you need to find, manage, and optimize top-tier real estate investments—ensuring that your family or clients thrive now and in the future.
Publisher: McGraw Hill Professional
ISBN: 1260459055
Category : Business & Economics
Languages : en
Pages : 480
Book Description
Establish a sound, multi-generational approach to real estate ownership and wealth preservation No facet of a family’s investment portfolio is as ubiquitous as real estate. Every successful family is invested in some way. The most savvy investors and their advisors understand the complexity of curating this portfolio and maximizing wealth preservation. Real Estate Valuation and Strategy is the definitive guide for anyone seeking to reduce long-term portfolio risk and enjoy significant tax advantages while preserving and growing wealth. This comprehensive, in-depth guide addresses key real estate investment strategy issues from the perspective of the successful, wealth investor. Providing the knowledge and insights needed to avoid common pitfalls, optimize the property investment cycle, and evaluate holdings from a long-term perspective. One of the leading experts in the field, Dr. John Kilpatrick covers nuances of real estate investing that are rarely presented in one succinct volume: • Key and critical differences among various categories of real estate • Acquisition strategies to uncover hidden wealth or avoid hidden pitfalls • Valuation of long-term holdings, including forest land, ranches, and collectable “trophy” holdings • When and how to use leverage for short- and long-term opportunities • Strategies for joint ventures • Monitoring holdings for early warning signals Whether you’re managing your own portfolio or assisting high-net-worth families, Kilpatrick provides tools and information you need to find, manage, and optimize top-tier real estate investments—ensuring that your family or clients thrive now and in the future.
Parry's Valuation and Investment Tables
Author: Alick Davidson
Publisher: Taylor & Francis
ISBN: 113614854X
Category : Business & Economics
Languages : en
Pages : 556
Book Description
First published in 1913, Richard Parry’s Valuation and Investment Tables has since become an essential tool for students and professionals in the study and practice of valuation and appraisal. The book provides a comprehensive set of some 30 different valuation and investment tables in one volume. In practice today, calculations are required for a variety of purposes which often justify more than one approach. With this in mind, Internal Rates of Return tables have been retained in a modified form. Using these tables, both growth and non-growth scenarios can be analysed for a more detailed appraisal of specific freehold property investments and to provide a basis for more in-depth investment advice. The Life Tables have been removed and replaced with a guide to calculating life interests from up to date census data. Although the tables will be used mainly by students and practising surveyors, they will also be useful to accountants and others concerned with various types of investment and financial calculations. That the book has reached its centenary year and thirteenth edition is a testament to its acclaim by the valuation and property professions in an era of calculators, smartphones and sophisticated spread sheet software and furthermore a tribute to the historical importance of Parry’s original vision and continued legacy. In celebration of this milestone year there will be a limited edition leather slip cased version of the book available.
Publisher: Taylor & Francis
ISBN: 113614854X
Category : Business & Economics
Languages : en
Pages : 556
Book Description
First published in 1913, Richard Parry’s Valuation and Investment Tables has since become an essential tool for students and professionals in the study and practice of valuation and appraisal. The book provides a comprehensive set of some 30 different valuation and investment tables in one volume. In practice today, calculations are required for a variety of purposes which often justify more than one approach. With this in mind, Internal Rates of Return tables have been retained in a modified form. Using these tables, both growth and non-growth scenarios can be analysed for a more detailed appraisal of specific freehold property investments and to provide a basis for more in-depth investment advice. The Life Tables have been removed and replaced with a guide to calculating life interests from up to date census data. Although the tables will be used mainly by students and practising surveyors, they will also be useful to accountants and others concerned with various types of investment and financial calculations. That the book has reached its centenary year and thirteenth edition is a testament to its acclaim by the valuation and property professions in an era of calculators, smartphones and sophisticated spread sheet software and furthermore a tribute to the historical importance of Parry’s original vision and continued legacy. In celebration of this milestone year there will be a limited edition leather slip cased version of the book available.
Property Valuation
Author: Peter Wyatt
Publisher: John Wiley & Sons
ISBN: 0470691212
Category : Business & Economics
Languages : en
Pages : 424
Book Description
This book provides a single text for postgraduate study of valuation on real estate courses. After a general introduction to the property market and the economic ideas that underlie valuation, it introduces the theory of valuation as a set of analysis techniques for identifying and understanding market signals in a financial context. The final section of the book, describes the three categories of market players who rely on valuation advice – the developer, investor and occupier. 'all in one' text for postgraduate study of valuation on real estate courses ● sets valuation in its business finance context ● User-friendly and accessible format using tried and tested teaching and learning devices ● Balanced treatment of theory and practice – with extensive use of examples ● Accompanying website with applications: www.blackwellpublishing.com/wyatt
Publisher: John Wiley & Sons
ISBN: 0470691212
Category : Business & Economics
Languages : en
Pages : 424
Book Description
This book provides a single text for postgraduate study of valuation on real estate courses. After a general introduction to the property market and the economic ideas that underlie valuation, it introduces the theory of valuation as a set of analysis techniques for identifying and understanding market signals in a financial context. The final section of the book, describes the three categories of market players who rely on valuation advice – the developer, investor and occupier. 'all in one' text for postgraduate study of valuation on real estate courses ● sets valuation in its business finance context ● User-friendly and accessible format using tried and tested teaching and learning devices ● Balanced treatment of theory and practice – with extensive use of examples ● Accompanying website with applications: www.blackwellpublishing.com/wyatt
Real Estate Investment
Author: G Jason Goddard
Publisher: Springer Science & Business Media
ISBN: 3642235271
Category : Business & Economics
Languages : en
Pages : 308
Book Description
This book fills a gap in the existing resources available to students and professionals requiring an academically rigorous, but practically orientated source of knowledge about real estate finance. Written by a bank vice-president who for many years has practiced as a commercial lender and who teaches real estate investment at university level, and an academic whose area of study is finance and particularly valuation, this book will lead readers to truly understand the fundamentals of making a sound real estate investment decision. The focus is primarily on the valuation of leased properties such as apartment buildings, office buildings, retail centers, and warehouse space, rather than on owner occupied residential property.
Publisher: Springer Science & Business Media
ISBN: 3642235271
Category : Business & Economics
Languages : en
Pages : 308
Book Description
This book fills a gap in the existing resources available to students and professionals requiring an academically rigorous, but practically orientated source of knowledge about real estate finance. Written by a bank vice-president who for many years has practiced as a commercial lender and who teaches real estate investment at university level, and an academic whose area of study is finance and particularly valuation, this book will lead readers to truly understand the fundamentals of making a sound real estate investment decision. The focus is primarily on the valuation of leased properties such as apartment buildings, office buildings, retail centers, and warehouse space, rather than on owner occupied residential property.
The Complete Guide to Real Estate Finance for Investment Properties
Author: Steve Berges
Publisher: John Wiley & Sons
ISBN: 1118045807
Category : Business & Economics
Languages : en
Pages : 304
Book Description
This practical, real-world guide gives investors all the tools they need to make wise decisions when weighing the value and potential of investment properties. Written for old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Whether you're buying or selling, investing in big commercial properties or single-family rentals, you'll find expert guidance and handy resources on every aspect of real estate finance, including: * Proven, effective valuation techniques * Finance tips for all different kinds of property * How various financing strategies affect investments * Structuring financial instruments, including leverage, debt, equity, and partnerships * Measurements and ratios for investment performance, including capitalization rates and gross rent multiplier ratios * Future and present value analysis * How the appraisal process works * Primary appraisal methods-replacement cost, sales comparison, and income capitalization-and how to know which one to use * How to understand financial statements, including income, balance, and cash flow * Case studies for single-family rentals, multifamily conversions, apartment complexes, and commercial office space * A detailed glossary of important real estate terminology
Publisher: John Wiley & Sons
ISBN: 1118045807
Category : Business & Economics
Languages : en
Pages : 304
Book Description
This practical, real-world guide gives investors all the tools they need to make wise decisions when weighing the value and potential of investment properties. Written for old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Whether you're buying or selling, investing in big commercial properties or single-family rentals, you'll find expert guidance and handy resources on every aspect of real estate finance, including: * Proven, effective valuation techniques * Finance tips for all different kinds of property * How various financing strategies affect investments * Structuring financial instruments, including leverage, debt, equity, and partnerships * Measurements and ratios for investment performance, including capitalization rates and gross rent multiplier ratios * Future and present value analysis * How the appraisal process works * Primary appraisal methods-replacement cost, sales comparison, and income capitalization-and how to know which one to use * How to understand financial statements, including income, balance, and cash flow * Case studies for single-family rentals, multifamily conversions, apartment complexes, and commercial office space * A detailed glossary of important real estate terminology