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E-raamat: Residential Property Appraisal: Volume 1 - Valuation and Law 2nd edition [Taylor & Francis e-raamat]

, (BlueBox Partners), (BlueBox Partners), (BlueBox Partners), (Harper Adams University, UK)
  • Formaat: 172 pages, 7 Tables, black and white; 13 Line drawings, color; 2 Line drawings, black and white; 10 Halftones, black and white; 25 Illustrations, black and white
  • Ilmumisaeg: 30-Dec-2021
  • Kirjastus: Routledge
  • ISBN-13: 9780367816988
  • Taylor & Francis e-raamat
  • Hind: 216,96 €*
  • * hind, mis tagab piiramatu üheaegsete kasutajate arvuga ligipääsu piiramatuks ajaks
  • Tavahind: 309,94 €
  • Säästad 30%
  • Formaat: 172 pages, 7 Tables, black and white; 13 Line drawings, color; 2 Line drawings, black and white; 10 Halftones, black and white; 25 Illustrations, black and white
  • Ilmumisaeg: 30-Dec-2021
  • Kirjastus: Routledge
  • ISBN-13: 9780367816988
Residential Property Appraisal, Volumes 1 and 2 are essential handbooks not only for students studying surveying but also for surveyors and others involved in the appraisal of residential property.

Volume 1 has been updated and covers the valuation process as it relates to residential properties, particularly when valuation is undertaken for secured lending purposes. It addresses the basic skills required, the risks posed in a valuation, the key drivers of value, emerging issues that impact valuation and the key legal and RICS Regulatory considerations that a valuer needs to understand.

Volume 2 of the book goes on to address the inspection and survey of residential properties, covering new technology, modern methods of construction, problem plants and pests, damp in new builds, and modern building services. New challenges for the surveyor to consider include the health and well-being of building occupants, the Party Wall etc. Act 1996 and schedules of condition, energy and building performance, and owner-occupied and tenanted properties.

An essential book for students studying to enter the residential survey and valuation profession and for existing practitioners who wish to improve their knowledge of industry practices.
Preface ix
Notes on the text xi
Acknowledgements xii
1 Introduction
1(5)
1.1 Context
1(2)
1.2 Objectives of the book
3(1)
1.3 Definitions
3(1)
1.4 Who this book is for
4(1)
1.5 The philosophy of the book
4(1)
1.6 Contents of the book
5(1)
2 Overview of the valuation of residential property
6(10)
2.1 Introduction
6(1)
2.2 Value
6(7)
2.2.1 What is value?
6(4)
2.2.2 The elements of value
10(2)
2.2.3 An interpretation of the extent and nature of the interest
12(1)
2.3 Equipment
13(3)
2.3.1 Valuation equipment
14(1)
2.3.2 Additional equipment for a more detailed inspection
14(1)
2.3.3 Equipment for simple `opening up'
14(1)
2.3.4 Health and safety equipment
15(1)
3 The economics of property valuation
16(6)
3.1 Introduction
16(1)
3.2 Supply and demand
16(6)
3.2.1 Brief historical analysis of the residential property market
18(2)
3.2.2 Government and other interventions in the market
20(1)
3.2.3 Microeconomics and macroeconomics
21(1)
4 Law for valuers: an overview
22(10)
4.1 Terminology
22(1)
4.2 Finding the law
23(2)
4.2.1 Legislation
23(1)
4.2.2 Legislative process
24(1)
4.2.3 Delegated legislation
24(1)
4.2.4 Cases
25(1)
4.3 Legal disputes
25(4)
4.3.1 Courts and tribunals
25(2)
4.3.2 Alternative Dispute Resolution (ADR)
27(1)
4.3.3 Particular situations
28(1)
4.4 Professional roles
29(3)
5 Law for valuers: land, contract and tort
32(22)
5.1 Land
32(11)
5.1.1 `Land of any tenure'
32(3)
5.1.2 Other interests in land
35(3)
5.1.3 Easements
38(2)
5.1.4 Restrictive covenants
40(1)
5.1.5 Way leaves
41(1)
5.1.6 Boundaries
41(1)
5.1.7 Registered land
42(1)
5.1.8 Adverse possession (squatters'rights)
43(1)
5.2 Contract law
43(5)
5.2.1 Basic structure
43(2)
5.2.2 Terms
45(1)
5.2.3 Estate agency and surveying practices
45(1)
5.2.4 Off premises contracts
46(1)
5.2.5 Consumer contracts
47(1)
5.2.6 Business-to-business contracts
47(1)
5.2.7 Construction
47(1)
5.3 Tort
48(6)
5.3.1 Negligence
48(1)
5.3.2 Is a duty of care owed for purely financial loss?
48(1)
5.3.3 To whom is a duty of care owed?
49(1)
5.3.4 Breach of duty of care
50(1)
5.3.5 Resultant damage
51(1)
5.3.6 Measure of damages
52(2)
6 The mortgage valuation
54(3)
6.1 An overview
54(2)
6.1.1 The lender's view
54(1)
6.1.2 The purchaser's view
55(1)
6.2 Future issues
56(1)
7 The RICS Red Book and Regulation
57(6)
7.1 The Red Book
57(6)
7.1.1 Bases of value for mortgage valuations (VPS4 and UK VPGA 11.2)
58(1)
7.1.2 Assumptions and Special Assumptions (VPS4, UK VPGA 11.3)
59(1)
7.1.3 Valuer Registration (VR)
60(1)
7.1.4 Insurance and valuations
61(2)
8 The valuation process
63(43)
8.1 The valuation appraisal process: overview
63(3)
8.1.1 Pre-inspection research
63(1)
8.1.2 Purpose of valuation
64(1)
8.1.3 Express requirements
64(1)
8.1.4 Report format
64(1)
8.1.5 Terms of engagement
64(1)
8.1.6 Conflicts of interest
65(1)
8.1.7 Log onto database
65(1)
8.2 Pre-inspection investigations
66(3)
8.2.1 Desk-top study
66(1)
8.2.2 Neighbourhood
67(1)
8.2.3 Tone of value
68(1)
8.2.4 Property details
68(1)
8.2.5 Property details - legal issues
69(1)
8.2.6 Competence
69(1)
8.3 On site
69(9)
8.3.1 Location
69(1)
8.3.2 Inspection
70(2)
8.3.3 Site notes
72(2)
8.3.4 Setting the scene with the occupier
74(1)
8.3.5 Inspection procedure
75(1)
8.3.6 Inspecting flats and maisonettes
76(1)
8.3.7 Personal safety
76(1)
8.3.8 How long should it take to do a valuation?
77(1)
8.3.9 Referrals
77(1)
8.4 Post-inspection comparables and reporting
78(28)
8.4.1 Research comparables
78(1)
8.4.2 Analysis of comparables
79(1)
8.4.3 How to use the information
80(1)
8.4.4 Market analysis
81(2)
8.4.5 Calculations of price, worth and value
83(1)
8.4.6 Comparing transactions
83(9)
8.4.7 Comparing condition
92(1)
8.4.8 Comments on the comparable spreadsheet - a rationale
93(10)
8.4.9 A review of factors that affect value
103(1)
8.4.10 Home improvements and value
103(3)
9 Reporting on condition and value for a residential mortgage
106(7)
9.1 Reporting overview
106(7)
9.1.1 General remarks in reports
106(2)
9.1.2 Reporting on condition
108(1)
9.1.3 Distinction between lender and purchaser
109(4)
10 Alternative valuation methods and approaches
113(29)
10.1 Overview
113(1)
10.2 The Residual approach
113(3)
10.2.1 Key factors in undertaking a Residual valuation
115(1)
10.3 The Investment approach to valuation
116(7)
10.3.1 Residential investment as buy-to-let categories
120(1)
10.3.2 Receipt of instruction
121(1)
10.3.3 Valuation of single-family occupancy properties
121(1)
10.3.4 Valuation of Homes in Multiple Occupation (HMOs)
121(2)
10.3.5 Alternative income approach valuation methods
123(1)
10.4 Leasehold properties
123(3)
10.5 New build property valuation
126(9)
10.5.1 Drivers of value in new build houses
127(1)
10.5.2 Inspection of new build properties
128(1)
10.5.3 Comparable evidence
129(1)
10.5.4 Assessing value
129(2)
10.5.5 Valuation considerations
131(1)
10.5.6 Permitted development rights
131(3)
10.5.7 Development potential
134(1)
10.5.8 The influence of buy-to-let on new build values
135(1)
10.6 Specialist valuations
135(1)
10.7 Valuing in periods of uncertainty
136(1)
10.8 Technology and valuation
137(2)
10.8.1 Overview
137(1)
10.8.2 Recording of information
138(1)
10.8.3 Desk-top reviews and research
138(1)
10.8.4 Desk-top valuations
138(1)
10.9 What is an AVM?
139(3)
10.9.1 Use of data
140(1)
10.9.2 Mass use of data
141(1)
11 Additional legal matters
142(10)
11.1 Overview
142(2)
11.1.1 Nuisance
142(1)
11.1.2 Trespass
143(1)
11.2 Crime
144(4)
11.2.1 Health and safety
144(1)
11.2.2 Bribery
145(1)
11.2.3 Fraud
146(1)
11.2.4 Money laundering
147(1)
11.3 Types of business
148(1)
11.3.1 Sole trader
148(1)
11.3.2 Partnership
148(1)
11.3.2 Limited company
148(1)
11.3.3 Limited liability partnership
149(1)
11.3.4 Other business forms
149(1)
11.4 General Data Protection Regulation (GDPR)
149(1)
11.5 Equality
150(2)
12 Valuing in the UK: the future and conclusion
152(6)
12.1 Overview
152(1)
12.2 The influence of the courts, fraudsters and mortgages
152(1)
12.3 The future - technology, risk and information
153(1)
12.4 The example of flats
154(4)
References 158(6)
Index 164
Chris Rispin is a former practising surveyor focussing on the valuation and survey of residential property in South Yorkshire. His national responsibility with corporate organisations allowed him to develop guidance and training programmes for Surveyors. Phil and Chris created BlueBox Partners as an independent training organisation supporting surveyors in developing their technical skills. He is now semi-retired, assessing students for the Sava Diploma in Residential Surveying and Valuation.

Fiona Haggett is Head of Valuation at Barclays UK, responsible for setting lending policy, advising the Bank, overseeing the technical activities of the Banks valuation partners and dealing with all valuation-related concerns. She is chair of the Valuer/Lender Liaison group and a steering group member of ReSLA, which is looking to drive change and standards within the industry. She is also a director of BlueBox partners, and was previously UK Valuation Director at RICS, overseeing industry initiatives and the development of standards and guidance across all valuation disciplines.

Carrie de Silva was a Principal Lecturer in law and taxation, teaching prospective rural chartered surveyors at Harper Adams University, Shropshire, for over 20 years. She has an interest in the legal frameworks of owning and managing rural land, professional negligence and civil liability, and criminal liability for personal injury or death, particularly in the agricultural, forestry, equestrian and property sectors. Carrie co-edited and rewrote Galbraiths Construction and Estate Management Law (Routledge) and also works on the history of professionals in the property sector.

Phil Parnham is a Building Surveyor and a Member of the RICS with 40 years working experience in the surveying profession. Initially Phil worked for public housing authorities before moving to Sheffield Hallam University to teach on their building surveying courses. Phil moved to BlueBox Partners in 2006 and has been involved in a wide range of training activities. He has also written a number of technical books and professional guidance documents for RICS.

Larry Russen is a Chartered Building Surveyor with over 40 years practical experience in residential, industrial and commercial property. He is a Chartered Building Engineer and party wall surveyor and established Russen & Turner Chartered Surveyors in Kings Lynn in 1981. Over the last 20+ years he has enjoyed training thousands of surveyors, engineers and energy assessors with RICS, Sava and BlueBox partners. His mantra for any surveyor, aspiring or practising, is 'its all about your attitude and attention to detail'.