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Estimo (EA)
Appraisal
Raffaele Zanoli

Seat Ingegneria
A.A. 2015/2016
Credits 9
Hours 90
Period 2s
Language ENG

Prerequisites
: Basic Algebra

Learning outcomes
The course will train students on economic aspects of architectural practice with special attention to appraisal principles and methods, real estate appraisal procedures according to international standards, site & building valuation using the cost approach and project appraisal techniques.

Program
Definitions, aims and scope of Appraisal • Tools: Financial Math, Micro-economics, basic statistics. • Value and appraisal of land and buildings. • Economic aspects of goods and appraisal criteria. Market value appraisal and related procedures. Cost value appraisal and relate procedures. Other appraisal procedures. • Market comparison approach and appraisal system. • Characteristics of the real estate market and principles of land economics

Development of the examination
LEARNING EVALUATION METHODS
For attending student (blended): The assessment is based on individual and group activities conducted on the Moodle platform, on a practical appraissal project, oral and / or written assesments of learning . For those not attending (e-learning): The evaluation is based on two written tests (multiple-choice tests and written test of an appraisal problem) and an oral examination.

LEARNING EVALUATION CRITERIA
The criteria for assessment of learning are based on the standards established by the Italian Property Valuation Standards Tecnoborsa (Fourth edition). Specifically, the various assessments are designed to test students' ability to: • Understand the basics of microeconomics, in particular the concepts of value and price competitive market and not, cost, supply and demand; • Anticipate and postpone monetary amounts, calculate depreciation; • Analyze and segment the housing market; • Understand the postulates and principles of valuation; • Survey estate prices and features; • Use real estate appraisal procedures

LEARNING MEASUREMENT CRITERIA
All tests and practicals will be given a grade which will be translòated in 0/30 marks.

FINAL MARK ALLOCATION CRITERIA
The final mark will be a weighetd average of all assessmnts

Recommended reading
M. Simonotti, Metodi di stima immobiliare, Dario Flaccovio Editore, Palermo, ultima ediz. English textbooks can be provided to Erasmus students.

Courses

• Ingegneria Edile-Architettura (Corso di Laurea Magistrale con Riconoscimento Europeo (DM 270/04))