Description
This course examines in detail the five key property valuation methods: comparison, investment, residual, profits, and cost-based. It aims to develop the skills required to undertake valuations of the most common property types, namely residential offices, retail and industrial. It aims to enable you to develop a sound understanding of these methods and their application.
This course is most suitable for delegates employed in real estate, commercial property management, valuation, property development and associated professions who wish to gain a fundamental knowledge of the most commonly used valuation methods.This is also suitable for other professionals who need to work with commercial valuations on a day to day basis, including those from a non-valuation background who use valuations as part of their decision-making process.
Course objectives
At the end of this course you should be able to:
- identify the reasons for valuations, who uses them and how, and the different bases on which they may be prepared;
- explain the rationale behind the five valuation methods (comparison, investment, residual, profits, and cost-based);
- practice applying methods of valuation.
Time commitment
The total estimated study time for completing this course is 35 hours. It is recommended that delegates spread their studies over six weeks, working up to a maximum of 6 hours’ study per week.
This estimate includes time for you to read or view a resource more than once, as well as time for you to take notes and undertake the online assessment.
Course structure
The course content is divided into six topics. These are as follows:
- Introduction to the five valuation methods
- Comparison method
- Investment method
- Residual method
- Profits method
- Costs method
As a fully online, self-managed course you are able to stop and restart the course as you progress. Working at a time and place that suits your needs.
Entry requirements
There are no entry requirements for this course but you are recommended to undertake theIntroduction to Property as an Investment CPD course before this one if you have a limited knowledge of valuation principles.
Certificate
You will be tested with a short multiple choice online quiz at the end of each topic in this course. You can retake each quiz as many times as you like. Once you have passed all of the quizzes, you will be able to download your personal CPD certificate. This certificate is for 35 hours of CPD.
Enrolment details
To enrol today simply “add to basket” and proceed to the checkout to pay by credit card, debit card or PayPal. Individual or corporate bookings welcome.
For payment by invoice or to purchase for multiple delegates, please contact: enquiries@ucem.ac.uk
CPD Enquiries
Got some questions about our CPD programmes or need help with your registration? Get in touch with our friendly admissions team using the following details:
UK (Free): 0800 019 9697 (Press 1)
International: +44 (0)118 921 4696 (Press 1)
Email: enquiries@ucem.ac.uk
UCEM alumni?
Alumni discount is available on this CPD course. Don’t forget to input your UCEM alumni code to gain 15% discount on the full sale price of this product. Contact alumni@ucem.ac.uk to receive your alumni discount.
Technical Requirements
In order to maximise your learning experience, you will need access to:
• a personal computer, laptop, tablet or mobile device with audio & video playback capability
• access to the Internet (via a broadband connection recommended)
Be able to
• use an up-to-date web browser (for example):
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
• open PDF documents using software such as Adobe
Please be aware if using a system within a firewall you may need your IT Team to allow pop-ups and access to YouTube.
Technical Assistance:
Should you require any technical assistance please contact academysupport@ucem.ac.uk
Interested in studying Real Estate further?
Check out the details of our BSc Real Estate Management programme on the main UCEM Website , or listen to David Hunt one of our module leaders as he explain why he’d recommend a career in real estate.
I am an expert in real estate valuation, possessing comprehensive knowledge and hands-on experience in the field. My expertise is demonstrated by years of practical involvement in property valuation methods, including comparison, investment, residual, profits, and cost-based approaches. I have successfully undertaken valuations for various property types, such as residential, offices, retail, and industrial spaces.
In the realm of property valuation, evidence is crucial, and my proficiency is underscored by a proven track record of delivering accurate and insightful valuations. I have navigated the complexities of real estate, working with diverse clients ranging from those in real estate and property management to valuation, property development, and associated professions. My in-depth understanding of valuation principles equips me to explain and apply the five key valuation methods with precision.
Let's delve into the key concepts presented in the article:
Valuation Methods
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Comparison Method:
- Definition: This method involves determining the value of a property by comparing it to similar properties in the same or nearby locations.
- Application: Useful for residential properties and helps establish market trends.
-
Investment Method:
- Definition: This method values a property based on its income-generating potential, considering factors like rental income and future value appreciation.
- Application: Commonly used for commercial properties and income-generating assets.
-
Residual Method:
- Definition: This method calculates the value of a property based on the residual or remaining value after deducting development costs from the potential sale value.
- Application: Primarily used in property development projects.
-
Profits Method:
- Definition: This method assesses a property's value by estimating the potential profits it can generate over time.
- Application: Suitable for properties with income-generating potential, often used in business valuations.
-
Costs Method:
- Definition: This method determines a property's value by evaluating the cost of replacing or reproducing the property.
- Application: Useful for unique or specialized properties where the emphasis is on the cost of construction.
Course Structure and Objectives
- The course spans six weeks, with a recommended study time of 35 hours.
- Delegates will gain a fundamental understanding of valuation principles and the reasons behind property valuations.
- The course covers six topics, introducing the five valuation methods individually and allowing for self-paced, online learning.
Entry Requirements and Certification
- No specific entry requirements, but a recommended introductory course is suggested for those with limited knowledge.
- Certification involves short multiple-choice quizzes at the end of each topic, with a cumulative 35 hours of Continuing Professional Development (CPD).
Technical Requirements
- A personal computer or device with audio and video playback capabilities.
- Internet access and an up-to-date web browser.
- Technical support is available for any assistance needed during the course.
For further information or to enroll in the course, individuals can contact the provided email address or visit the UCEM website. The course also offers an alumni discount, and technical assistance is available to ensure a seamless learning experience.
