RPA 112 - Chapter 8 (B&ampamp;amp;W).pdf

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1、DataCollectionCHAPTER8TYPESOFDATA1TypesofData•Dataisobtainedfrombothprimaryandsecondarysources•TypesofData:–GeneralData–SpecificData–CompetitiveSupplyandDemandDataTypesofDataGeneralData•Referstotheareasurroundingthesubjectproperty–(isnotpropertyspecific)•Comesfromsecondarys

2、ources–(hasnotbeenpersonallyconfirmedbytheappraiser)Specific/Supply&DemandData•Subjectandcomparablepropertyspecific•Comesfromprimarysources–(infoobtainedpersonallybytheappraiser)2TypesofDataGeneralDataSpecificData•Economictrends•Competitivesupply–Internationalinventory–Nati

3、onalandRegional•Demandstudy–Local–Datasampling•Socialtrends(demographics)•Governmentregulations•Trendsinbuildingactivity•Taxes•FinancingTypesofData–GeneralGeneralData•Factorsoriginatingoutsidethesubjectproperty–Social,economic,governmental,andenvironmentalforcesaffectingpro

4、pertyvalue3TypesofData–GeneralEconomicTrends•Howchangesintheeconomyaffectpropertyvalues•AnalyzespasttrendsandpredictsfuturetrendsonInternational,NationalandRegionalscales•Alsolooksatlocalizedneighbourhoodspecificmarketsandproperty-typespecificmarketssuchasrurallandTypesofDa

5、ta–GeneralDemographics•Defineamountandtypeofspaceandsupportfacilitiesneeded•Aspopulationchanges–sodoesthedemandforrealestate–Allproperty-typesareaffected(Residential/Commercial/Industrial,etc.)4TypesofData–GeneralGovernmentRegulations•Zoning–whatcanbedoneonandtoaproperty•Bu

6、ildingregulations–sizeandqualityofbuildings•EnvironmentalstandardsTypesofData–GeneralTrendsinBuildingActivity•Housingstarts,use-conversions,commercialandindustrialdevelopmentallaffectthe“supplyofrealestate”•Supplywillbedrivenbydemandforspecificpropertytypes(demandisnotunive

7、rsalacrossallpropertytypes)•Development(supply)cannotreacttimelytochangesindemand!5TypesofData–GeneralBuildingCosts•Tendtofollowtheeconomyingeneral–(inflationanddeflationtrends)•Affectedby:–labourandmaterials–buildingtechnology–financingcosts–buildingcodesandregulationsType

8、sofData–GeneralTaxes•YearlyTaxRatesaresetbythemunicipalitydependingontheirbudgetar