VŠTE:NZ_OCN Real estate valuation - Course Information

NZ_OCN Real estate valuation

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jaromír Vrbka, MBA, PhD. (lecturer)
Ing. Iva Lorencová (seminar tutor)

Guaranteed by

doc. Ing. Jaromír Vrbka, MBA, PhD.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Timetable of Seminar Groups

NZ_OCN/P01: each even Thursday 13:05–14:35 D616, each even Thursday 14:50–16:20 D616, I. Lorencová, J. Vrbka
NZ_OCN/S01: each even Thursday 16:30–18:00 D616, each even Thursday 18:10–19:40 D616, I. Lorencová, J. Vrbka

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Expertness (programme VŠTE, N_ZN) (2)

Course objectives supported by learning outcomes

The aim of the course is to acquaint students with the principles of real estate valuation according to price regulations, classification of real estate in terms of their valuation, the procedure for determining the estimated price of land, buildings, cost and revenue valuation, real estate valuation on market principles, valuation of services, market (usual) price set revenue, the relationship between supply and demand in valuing at the usual price.

Learning outcomes

Upon successful completion of the course, the student:
He actively masters the basic concepts in the field of real estate valuation and easements.
Uses knowledge of basic literature and legislation in the field of real estate valuation and easements.
It applies individual valuation methods to the valuation of real estate (land and buildings).
It applies individual valuation methods to the valuation of easements and servants.
It sets the rent for the selected property.
Appreciate easements.

Syllabus

• Lectures:
• 1. Basic concepts in the field of real estate valuation, data sources
• 2. Real estate valuation methods, purpose and use
• 3. Theory of real estate valuation, building life cycle costs, real estate defects
• 4. Revenue valuation method
• 5. Comparative method of valuation
• 6. Price-forming factors, service life, wear
• 7. Cost method (THU, item budget)
• 8. Administrative price of real estate - cost method
• 9. Administrative price of real estate - comparative method and combination cost and revenue methods
• 10. Real estate valuation in banking, insurance, business activities, property management, real estate goodwill
• 11. Valuation of easements and services
• 12. Land valuation (price maps, Naegeli method)
• 13. Determination of market and simulated rent
• Seminars:
• 1. Basic concepts in the field of real estate valuation, construction law
• 2. Overview of building structures and materials
• 3. Calculation of areas and enclosed spaces on a specific example
• 4. Calculation of the yield value of the selected real estate
• 5. Calculation of the comparative value of a specific property
• 6. Calculation of the comparative value of a specific property
• 7. Calculation of the price of a specific property using THU indicators
• 8. Valuation of selected real estate using the price regulation - cost method
• 9. Valuation of selected real estate using the price regulation - comparative method and combination of cost and revenue method
• 10. Specific cases of real estate valuation
• 11. Valuation of selected easements and servants
• 12. Valuation of selected land
• 13. Calculation of rent for a specific property

Literature

required literature
• ALLEN, E. and J. IANO, 2008. Fundamentals of Building Construction: Materials and Methods. Hoboken : John Willey & Sons. ISBN 978-0-470- 07468-8.
• ORT, Petr and Olga ORTOVÁ ŠEFLOVÁ. Oceňování nemovitostí v praxi. Online. Leges, 2017. 144 pp. ISBN 978-80-7502-234-9. [citováno 2024-04-24] info
• SCHNEIDEROVÁ, HERALOVÁ Renáta. Oceňování nemovitostí. Online. 1st ed. Praha: Česká technika - nakladatelství ČVUT, 2008. 152 pp. ISBN 978-80-01-04032-4. [citováno 2024-04-24] info
• BRADÁČ, Albert and KOL. Teorie oceňování nemovitostí. Online. 7th ed. Brno: Akademické nakladatelství CERM, 2008. 736 pp. ISBN 978-80-7204-578-5. [citováno 2024-04-24] info
• BRADÁČ, Albert and FIALA JOSEF. Nemovitosti: oceňování a právní vztahy. Online. 4th ed. Praha: Linde, 2007. 740 pp. ISBN 978-80-7201-679-2. [citováno 2024-04-24] info

recommended literature
• Webové stránky o oceňování nemovitostí: http://www.odhadnemovitosti.cz/aktualita/metody-ocenovani-nemovitosti/266
• ORT, P., 2013. Oceňování nemovitostí – moderní metody a přístupy. Praha: Leges. ISBN 978-80-87212-77-9.
• BROŽOVÁ, Ivana and DÖRFL Vladimír VÁCHA LUBOŠ. Soudní znalectví: chronologický přehled předpisů pro oceňování nemovitostí. Online. 1st ed. V Praze: ČVUT, 2011. 71 pp. ISBN 978-80-01-04854-2. [citováno 2024-04-24] info

Forms of Teaching

Lecture
Seminar
Tutorial

Teaching Methods

Frontal Teaching
Individual Work– Individual or Individualized Activity

Student Workload

Activities	Number of Hours of Study Workload
	Daily Study	Combined Study
Preparation for Seminars, Exercises, Tutorial	11	31
Preparation for the Final Test	32	48
Zpracování cvičného znaleckého posudku (in Czech)	33	33
Závěrečný test (in Czech)	2	2
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Total:	130	130

Assessment Methods and Assesment Rate

Test – final 50 %
cvičný znalecký posudek (in Czech) 50 %

Exam conditions

Exercise expert opinion: valuation of selected real estate by cost, comparative and income valuation methods, valuation of easements.

To successfully complete the course, you must achieve a summative pass/fail grade of at least 70% under the conditions specified below. In the ~interim assessment, 50 points i.e. 50 % can be obtained. A total of 50 points, i.e. 50 %, may be obtained in the final assessment.

The overall classification of the course, i.e. points for the final assessment (50 - 0) + points from the interim assessment (50 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 - 30, F 29.99 - 0.

A full-time student is required to meet the mandatory 70% attendance in contact classes, i.e. everything except lectures. If attendance is not met, the student will automatically be graded "-".

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.

Teacher's information

Attendance at classes in all forms is dealt with in a separate internal standard of the VŠTE (Recording of student attendance at the VŠTE). For full-time students, 70% attendance is compulsory at contact classes, i.e. everything except lectures. Students are obliged to contact the Head of the Valuation Group immediately after the approval of the Individual Study Plan (ISP) via email, in case the student fails to do so, his/her ISP will not be taken into account. In case of any questions, they can contact the Head of the Valuation Group via email. Students will prepare a mock valuation report within the course, which they are obliged to consult with the lecturer and then submit to the appropriate drop-off room, the final test will be held during the exam period, the date will be set at least 1 week in advance.

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