Real Estate Valuation - Fundamentals
Niveau
Introductory
Learning outcomes of the courses/module
The participants:
• explain the legal and methodological foundations of valuation.
• analyze the key factors influencing property value
• apply the standardized methods of real estate valuation
• determine land value, property yield rate, and remaining useful life on the basis of given data and interpret the results.
• prepare a structured valuation report and justify the chosen methodology comprehensibly to third parties.
• explain the legal and methodological foundations of valuation.
• analyze the key factors influencing property value
• apply the standardized methods of real estate valuation
• determine land value, property yield rate, and remaining useful life on the basis of given data and interpret the results.
• prepare a structured valuation report and justify the chosen methodology comprehensibly to third parties.
Prerequisites for the course
Introduction to Real Estate & Facility Management, Real Estate Investment & Financing
Course content
- Fundamentals of valuation, valuation occasions, and legal frameworks
- Overview of valuation guidelines
- Introduction to the comparative, income, and cost approaches
- Data collection and preparation
- Fundamentals of preparing appraisals and structuring a valuation report
- Application of simple valuation examples
- Introduction to valuation software and digital valuation databases
- Overview of valuation guidelines
- Introduction to the comparative, income, and cost approaches
- Data collection and preparation
- Fundamentals of preparing appraisals and structuring a valuation report
- Application of simple valuation examples
- Introduction to valuation software and digital valuation databases
Recommended specialist literature
- Bienert, S., & Funk, M. (Eds.). (2014). Immobilienbewertung Österreich (ÖVI Edition). Wien, Österreich: Österreichischer Verband der Immobilienwirtschaft (ÖVI).
- Kleiber, W. (2016). Verkehrswertermittlung von Grundstücken (8. Aufl.). Köln, Deutschland: Bundesanzeiger Verlag.
- Kranewitter, H. (2017). Liegenschaftsbewertung (7. Aufl.). Wien, Österreich: Manz Verlag.
- Seiser, F., & Kainz, F. (2011). Der Wert von Immobilien (1. Aufl.). Graz, Österreich: Seiser + Seiser Immobilien Consulting.
- Kleiber, W. (2016). Verkehrswertermittlung von Grundstücken (8. Aufl.). Köln, Deutschland: Bundesanzeiger Verlag.
- Kranewitter, H. (2017). Liegenschaftsbewertung (7. Aufl.). Wien, Österreich: Manz Verlag.
- Seiser, F., & Kainz, F. (2011). Der Wert von Immobilien (1. Aufl.). Graz, Österreich: Seiser + Seiser Immobilien Consulting.
Assessment methods and criteria
Portfolio assessment
Language
German
Number of ECTS credits awarded
6
Semester hours per week
Planned teaching and learning method
Lectures, discussions, exercises, case studies, group work
Semester/trimester in which the course/module is offered
3