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Bài 4

The document provides information to calculate the market value of a property including land area, building characteristics, recent sale prices of comparable land plots, applicable land prices and construction costs. The value of the building is calculated by determining remaining quality ratios of structures and depreciation. The land value is calculated by adjusting recent sale prices of comparable land based on characteristics and location and weighting the adjustments. The total property value is calculated as the sum of the building value and land value.

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Hòa Nguyễn Mạnh
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18 views

Bài 4

The document provides information to calculate the market value of a property including land area, building characteristics, recent sale prices of comparable land plots, applicable land prices and construction costs. The value of the building is calculated by determining remaining quality ratios of structures and depreciation. The land value is calculated by adjusting recent sale prices of comparable land based on characteristics and location and weighting the adjustments. The total property value is calculated as the sum of the building value and land value.

Uploaded by

Hòa Nguyễn Mạnh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Bài 4: Property A to be valued has the following characteristics:

The land area of 300 m 2 in the urban area has full legal rights to land use.
Building on land: 2-storey reinforced concrete structure, construction area 120 m2, depreciation of main
structures as follows: foundation depreciated 32%, wall depreciated 44%, floor depreciated 36%, roof
depreciated 44%.
The ratio of the value of the main structures to the total value of the building: foundation 8%; wall 18%;
floor 16%; roof 14%.
Calculate the market value of the property, knowing the following information Information 1: There is a
vacant lot next to it, land area of 250 m2 without land use right certificate, no dispute, stable use since
1994, has just been sold for VND 2,375,500,000.
Information 2: There is an empty land lot 80m away from the appraised real estate, an area of 350 m2, no
land use right certificate, no dispute, stable use since 1/7/2003, The location is more convenient than the
target real estate, just sold for 1,575,000,000 VND. Information 3: There is a vacant lot 100m from the
target property, land area 280 m2, less convenient location, narrow shape at the back, sold for
3,542,000,000 VND.
Information 4: Information collected on the market:
• About shape:

- Square: 100%

- Narrow at the back: 90%

- Width at the back: 110%

• About the area:

- 200 - 300m2: 100%


- 300 - 400m2: 90%
- Over 400m2: 80%
Information 5: The land price prescribed by the State in the same location is 8,500,000 VND/m2.
Information 6: The unit price of new construction of a house with similar structure is 3,000,000 VND/m2.
Information 7: The cost to fix the outdated condition of the kitchen is 20,000,000 VND, the toilet is
18,000,000 VND.
Bài làm

 Calculate the present value of the building.

Order Main Structures Remaining Rate of contribution to the Remaining quality


quality ratio, % value of the building, % ratio of main
structures, %

1 Foundation 68 8 5.44

2 Wall 56 18 10.08

3 Floor 64 16 10.24
4 Roof 56 14 7.84

Total 56 33.60

Remaining quality ratio of the building = Total remaining quality ratio of main structures/ Total rate of
contribution to the value of the building x 100 = 33.6/56 x 100= 60%
Construction replacement cost = Unit price for new construction of similar houses x construction area
= 3,000,000 x 120m2 = 360,000,000 VND
Total Depreciation = Construction replacement cost x (1- Remaining quality ratio of the building) + The
cost to fix kitchen and toilet
= 360,000,000*(100% - 60%) + 20,000,000 +18,000,000 = 182,000,000 VND
Present value of the building = Construction replacement cost - Total Depreciation
= 360,000,000 - 182,000,000 = 178,000,000 VND

 Calculate market value of land.

Order Adjustment Target RE Comparative RE Comparative RE Comparative RE


1 2 3

1 Selling price ? 2,375,500,000 1,575,000,000 3,542,000,000


VND VND VND

2 Total area 300m2 250m2 350m2 280m2

3 Selling price/m2 9,502,000 4,500,000 12,650,000


VND/m2 VND/m2 VND/m2

4 Legal Status Have No land use right No land use right Have certificate
certificate of certificate certificate of land use rights
land use
rights

Adjustment rate pay 50% of land pay 50% of land


use fee use fee

Adjustment level 4,250,000 4,250,000

Adjusted price 13,752,000 8,750,000 12,650,000

5 Shape Square Square Square Narrow at the


back

Ratio 100% 100% 90%

Adjustment rate 0 0 10%/0.9=0.111

Adjustment level +1,404,150

6 Area 300m2 250m2 350m2 280m2


Ratio 100% 90% 100%

Adjustment rate 0 10%/0.9=0.111 0

Adjustment level +971,000

7 Adjusted price 13,752,000 9,721,000 14,054,150


VND/m2 VND/m2 VND/m2

8 Number of 1 2 1
adjustments

9 Total Net Adjustment 4,250,000 5,220,000 1,404,150

10 Weight by total 2 1 3
adjustment

The adjusted unit price per square meter of land is:


(13,752,000x2 + 9,721,000x1 + 14,054,150x3)/6=13,231,241 VND/m2
The price of the land to be valued is: 13,231,241x300= 3,969,372,300 VND
Real Estate Value = Present value of the building + The price of the land
= 3,969,372,300 + 178,000,000 = 4,147,372,300 VND

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