Pre-requisite: Recommend BUSI 331 or a thorough understanding of the theory and application of the three approaches to value, in particular the income approach.
These two lessons offer an overview of the inspection and valuation of multi-family properties. The first lesson discusses physical requirements, methods of construction, and physical defects commonly found in multifamily buildings. The second lesson applies the various approaches to value to these properties. Practical case studies are used throughout to help emphasize valuation methods and considerations.
Course Outline
Foreword: Introduction to Professional Development Courses
Lesson 1: Multi-Family Dwelling Construction
- Instructor's Comments
- Construction Types
- Considerations in Apartment Construction
- Defects and Maintenance
- Construction Costs
Lesson 2: Appraising Multi-Family Residential Properties
- Instructor's Comments
- Case Study No. 1: Appraisal of a Multi-Family Rental Project
- Case Study No. 2: Appraisal of a Strata Multi-Family Development
- Appraising Multi-Family Residential Properties - Qualitative Analysis
- Case Study No. 3: Appraisal of a High-Rise Apartment Building
Afterword
- The Final Examination
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