LVM 205 – Advanced Land Valuation
Course Title: Advanced Land Valuation
Prerequisites: None
Number of Units: 3
Course Description: Deals with the concepts, principles, importance and actual valuation of complex properties
Course Objectives:
By the end of the course, the student should be able to:
● Determine which valuation methodology to use in investment, development and complex properties.
● Practice and impart professionalism in the industry.
● Analyze property markets.
● Use sound judgment in the valuation approach to market and non-market based properties.
Course Outline:
Unit 1: Property Value and Market Analysis
Introduction
Value
Valuation Methods
Professionalism
Property Markets
Property Cycles
Property Market Data Analysis
Investment Property Performance Analysis
Sales Adjustment Methods
Unit 2: Valuation of Investment Properties
Introduction
Property Investment
Direct Capitalization Valuation Approach
Cash Flow Techniques
Discounted Cash Flow (DCF) Analysis
Risk Analysis
Unit 3: Valuation of Development Properties
Introduction
Valuation Approaches
Inception of the development proposal
Feasibility Study
Unit 4: Valuation of Specialized Properties
Introduction
Nature of specialized properties
Property and business components of specialized properties
Valuation methods