1978152
Description
Mind Map by Fred Fulford, updated more than 1 year ago
|
|
Created by Fred Fulford
over 9 years ago
|
|
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
- Planning consent
- What is section 106
- TAX
- Land Aquisition
- Stamp Duty
- Professional Fees/costs
- Planning costs
- Agency Fees
- Profit
- Construction Cost
- What is the RED BOOK
- RICS Appraisal and Valuation Standards
- Contains mandatory rules and best practice, guidance and related commentary
- RICS Appraisal and Valuation Standards
- 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
- Capital allowances give you money back off the tax paid
- 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
- or cost today, no calc is required
- Location and size of land
Want to create your own Mind Maps for free with GoConqr? Learn more.