Development Appraisal

Question 1

What is the RICS Professional Standard Valuation of Development Property (2019)?

Question 2

What is the importance of using a market comparison approach in a development valuation?

Question 3

How can a residual method of valuation be used in a development valuation?

Question 4

Can you explain the role of a development appraisal in assessing project viability?

Question 5

What kind of learning have you undertaken in your Continuing Professional Development (CPD) about calculating the Gross Development Value (GDV)?

Question 6

What key costs inputs are typically used to determine the Total Development Cost (TDC)?

Question 7

In your experience what are the various factors that can influence a development appraisal?

Question 8

How do you use sensitivity analysis in a development appraisal?

Question 9

What impact does the Gross Development Value (GDV) have on the overall development valuation?

Question 10

How do the Total Development Cost (TDC) figures influence the project viability?

Question 11

Level 2

Question 12

What is the major goal of the RICS Professional Standard Valuation of Development Property (2019)?

Question 13

How does a development appraisal assist in project viability assessment?

Question 14

What information is required to calculate the Gross Development Value (GDV) and the Total Development Cost (TDC)?

Question 15

What are the factors that can impact a development appraisal?

Question 16

What is sensitivity analysis and how did you utilize it for the development appraisal of the apartment units in Edgware?

Question 17

What data was collated to conduct the development appraisal for the redevelopment site in Edgware?

Question 18

In the development appraisal how were sales values determined for calculating the Gross Development Value?

Question 19

How did the information from BCIS and cost consultant’s reports assist in determining the Total Development Cost in the Edgware project?

Question 20

What was your rationale behind opting for a developer profit of 20%?

Question 21

How much impact does a change in finance costs and inflation on build costs make on the profit levels of a development project?