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Property valuation 801


 
Module code EDW 801
Qualification Postgraduate
Faculty Faculty of Engineering, Built Environment and Information Technology
Module content

This module aims to develop an understanding of the Valuation Profession and includes concepts of value, classification of value and accuracy of valuations, the Surveyor-General; the Registrar of Deeds; and records of the valuer. Factors affecting the value of different types of properties; appreciation and depreciation, different approaches to valuation, the value of improvement, and the valuation report. An introduction to the statutes and ordinances (relevant sections) affecting valuation, including the Property Valuers Profession Act. Case law relating to the valuation of fixed property; property valuation, highest and best use of property; influence of the “wrong” development on market value; influences of leases on values; leases and rentals; theory of the income, residual, cost and accounts methods of valuation.
Module credits 20.00
NQF Level 09
Prerequisites No prerequisites.
Contact time 40 contact hours per semester
Language of tuition Module is presented in English
Department Construction Economics
Period of presentation Year
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