Publication detail

USE OF THE LOCATION CLASS METHOD WHEN APPRAISING ITEMS OF REAL ESTATE OF DIFFERENT SIZES

BRADÁČ, A. KLIKA, P.

Original Title

USE OF THE LOCATION CLASS METHOD WHEN APPRAISING ITEMS OF REAL ESTATE OF DIFFERENT SIZES

Type

conference paper

Language

English

Original Abstract

The document relates to appraising methodology of immovable property in comparison with realized sales of similar items. The problem is the conversion calculation when having land of different size area range and various sizes of usable areas of the buildings. Various options were investigated, and it appears appropriate to apply the location class method, which is used to determine percentage price portion of the buildings and lands vs. the total price of the entire real estate. Using the method a significantly lower variance of the resulting values is achieved. All required formulas with explanations are provided. In the end the method is applied in a detailed algorithm calculation and demonstrated on a specific example.

Keywords

real estate, market price, price comparison, location class method, land area, commercial/ floor area of the building

Authors

BRADÁČ, A.; KLIKA, P.

RIV year

2015

Released

18. 6. 2015

Publisher

STEF92 Technology Ltd.

Location

Sofia, Bulharsko

ISBN

978-619-7105-41-4

Book

SGEM Conference Proceedings

Edition

první

Edition number

první

ISBN

1314-2704

Periodical

International multidisciplinary geoconference SGEM

Year of study

3

Number

1

State

Republic of Bulgaria

Pages from

751

Pages to

758

Pages count

8

URL

http://www.sgem.org/sgemlib/

BibTex

@inproceedings{BUT114663,
  author="Albert {Bradáč} and Pavel {Klika}",
  title="USE OF THE LOCATION CLASS METHOD WHEN APPRAISING ITEMS OF REAL ESTATE OF DIFFERENT SIZES",
  booktitle="SGEM Conference Proceedings",
  year="2015",
  series="první",
  journal="International multidisciplinary geoconference SGEM",
  volume="3",
  number="1",
  pages="751--758",
  publisher="STEF92 Technology Ltd.",
  address="Sofia, Bulharsko",
  doi="10.5593/sgem2015B53",
  isbn="978-619-7105-41-4",
  issn="1314-2704",
  url="http://www.sgem.org/sgemlib/"
}