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1978152
Development Appraisals
Description
chartership T74 Quantification and Costing of Construction Works Mind Map on Development Appraisals, created by Fred Fulford on 07/02/2015.
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construction
t74 quantification and costing of construction works
chartership
Mind Map by
Fred Fulford
, updated more than 1 year ago
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Fred Fulford
almost 10 years ago
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Resource summary
Development Appraisals
What are the main components of a development appraisal?
Construction Cost
section 106
What is section 106
Planning consent
Section 106 of the 1990 Town & Country planning act
TAX
Land Aquisition
Stamp Duty
Professional Fees/costs
Planning costs
Agency Fees
Profit
What is the RED BOOK
RICS Appraisal and Valuation Standards
Contains mandatory rules and best practice, guidance and related commentary
How do capital allowances influence a development appraisal
Capital allowances give you money back off the tax paid
There are discounts for tax such as M&E incentives, having BREEAM, building in enterprise areas and land remediation
How would you carry our a development appraisal
Location and size of land
Get as much info on the plot, history, conditions, plans etc
BUDGET
Rough cost of similar projects in that area, adjust to present using TPI
Cost of fees as per a % of construction cost
when every cost is accounted for, work out potential revenue of the property
convert to net present value
or cost today, no calc is required
for future cost/rev, calcs need to be made using discount rate to the start date
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