SPECIALISED
PROPERTIES - QUESTIONS
1
Why
is there less evidence of market value for non market properties?
2
List
4 non market land uses and briefly explain how you would value these
properties
if there is a lack of market evidence.
3
Why
is the concept of highest and best use so important when evaluating
specialist
properties?
4
What
is the cost method and how is it used to value non market properties?
5
A
new building costs $250 000 to build and represents the highest and
best use of the site. What is its market value?
6
The
example in 5 is a unique land use and there are no comparable sales.
How would you determine land value?
7
What
is meant by opportunity cost and how is it applied to the valuation
of non market specialist properties?
8
What
is the definition of market value for non market specialist
properties?
9
What
does the Seatainers
case
say about the valuation of non market specialist properties?
10
How
do the concepts of flexibility of use and accrued depreciation affect
the
value
of specialist properties?
11
List
4 important differences between the valuation of
real estate and the
valuation
of plant and equipment.
12
What
are the two main method of valuation for plant and equipment?
13
Give
3 examples of how opportunity cost can be used to value plant and
equipment.
14
List
and describe 4 sources of sale information of plant and equipment
15
What
are clearing sales and what is their relevance in the valuation of
plant
and equipment.
16
Describe
how technological change can affect the value of plant and
equipment.
17
Movable
property is known as ..……whereas immovable property is
known
as ……………
18
How
would you value a baker's oven that cannot be removed without
structural
damage to the building?
19
How
would you value an conditioning plant that can only be removed by
employing
and expensive helicopter?
20
What
is meant by in
situ
value and what is its relevance to the valuation of
plant
and equipment.