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For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot of $250,000 with a cost to demolish the house and prepare the site at $25,000. The highest and best use of the site is to demolish the house and sell the site as a commercial lot.
In Germany, real estate appraisal is known as real estate valuation (Immobilienbewertung). Real estate appraisers (Immobilienbewerter or Gutachter) can qualify to become a Öffentlich bestellter und vereidigter Sachverständiger (officially appointed and sworn expert). However, this formerly very important title has lost a lot of its importance ...
An integrated workplace management system (IWMS) is an ultimate software platform for organizational uses of workplace resources, including the management of real estate portfolio, infrastructure and facilities assets of a company. [1] IWMS solutions are commonly packaged as an integrated suite or as individual modules that can be scaled over ...
holistic sustainability considerations will be made for the fulfillment of technical, economic, social and functional requirements of the building. promotes sustainable design and construction principles throughout the building lifecycle. increases the monetary value of a building or a property in the real estate market.
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
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Class B or 3-star building: Rents between Class A and Class C; fair-to-good locations; average upkeep and management; Class C or 2-star building: Rents in the bottom 10-20% of the local market; less-desirable locations; below-average upkeep and management
Requirements for earthquake (seismic code), hurricane, flood, and tsunami resistance, especially in disaster prone areas or for very large buildings where a failure would be catastrophic [citation needed] Requirements for specific building uses (for example, storage of flammable substances, or housing a large number of people)