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



Valuation Methods


Property Markets

Property Cycles

Property Market Data Analysis

Investment Property Performance Analysis

Sales Adjustment Methods

Unit 2: Valuation of Investment Properties


Property Investment

Direct Capitalization Valuation Approach

Cash Flow Techniques

Discounted Cash Flow (DCF) Analysis

Risk Analysis

Unit  3: Valuation of Development Properties


Valuation Approaches

Inception of the development proposal

Feasibility Study

Unit 4: Valuation of Specialized Properties


Nature of specialized properties

Property and business components of specialized properties

Valuation methods