Valuation of properties under construction
The short course in Valuation of Properties Under Construction highlights the relationship between the cost of construction and market value, with specific reference to how the market value of property changes during the construction process.
Course/programme content
• Defining the concept - Why value properties under construction?
• IVSC clauses dealing with properties under construction
• General overview of potential and the influence thereof on value
• Different methods of valuation: cost method versus residual value method
• Factors influencing the value of properties under construction
• How to determine the "percentage complete" of properties under construction
• Involvement in properties under construction
• Legal implications of properties under construction and the influence thereof on value
Learning outcomes
After successful completion of the course, delegates will be able to:
• understand how market value of property can differ from replacement cost
• understand the value of a property that is partly completed and how this changes for
different levels of completion
• understand the risk inherent in property under construction for various stakeholders, i.e.
financiers, owners, contractors, suppliers, etc.
Time: 08:00 - 17:00
Venue: Pretoria
Cost: R2,500 per person including course material and refreshments