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FOUNDAMENT OF ESTIMATE

CODE 81040
ACADEMIC YEAR 2022/2023
CREDITS
  • 4 cfu during the 3nd year of 8694 SCIENZE DELL'ARCHITETTURA (L-17) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR ICAR/22
    LANGUAGE Italian
    TEACHING LOCATION
  • GENOVA
  • SEMESTER 2° Semester
    PREREQUISITES
    Prerequisites
    You can take the exam for this unit if you passed the following exam(s):
    • Sciences of architecture 8694 (coorte 2020/2021)
    • LANDSCAPE DESIGN STUDIO 86970
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    The course intends to address the estimative problems inherent in the processes of building and urban transformation, from the planning phase to the planning and execution phase.

    The economic evaluation of the projects is one of the fundamental aspects for the feasibility of an intervention.

    In particular, the following estimation methodologies are addressed to:

    - the cost of a project;

    - the real estate value, with particular reference to the estimation methodologies defined by the Italian appraisal school and by the International Valuation Standards (IVS).

    AIMS AND CONTENT

    LEARNING OUTCOMES

    No student training prerequisites are required

    AIMS AND LEARNING OUTCOMES

     At the end of the course the student will be able to:

    1. to know which are the performances and the economic costs connected to a building intervention (project);

    2. identify the main economic variables that determine the formation of costs and market values of a building intervention;

    3. select the appropriate estimation methods for forecasting the costs and market values of a building project;

    4. correctly apply the methodologies for estimating costs and real estate property values;

    5. analyze the results obtained from the application of the estimation methodologies to issue them in relation to the project objectives.

    PREREQUISITES

    No student training prerequisites are required

    TEACHING METHODS

    The educational path is developed according to three levels:

    - lessons in the classroom;
    - In-depth thematic analysis through the consultation of materials made available online (on Aulaweb of the course) by the teacher;
    - Practical activity through the elaboration of an exercise concerning an estimate to be carried out individually or in groups.

    SYLLABUS/CONTENT

    The course is divided into two parts:
    FIRST PART

    - Meaning of evaluation and estimation - definition of valuation - estimation postulates

    - Types of costs in construction, synthetic and analytical estimation methodologies of the cost of a building intervention.

    SECOND PART

    - Definition of market value of a property

    - Direct and indirect methods of estimating the real estate value of a property. Direct comparison - Direct capitalization

    - The International Valuation Standards. Market Comparison Approach.

    EXERCISE

    The student will develop an exercise of choice on one of the following topics:

    1. estimate of the construction cost of a building intervention by a bill of quantities;

    2. estimate the market value of a real estate property.

    For students of the Landscape curriculum, the exercise will have as its object the estimate of the cost of a green accommodation project proposed by the students and related to a project developed in the design courses.

    RECOMMENDED READING/BIBLIOGRAPHY

    • Slides of course (available on AulaWeb web site course).
    • AA.VV., 1994, Manuale di progettazione edilizia, Hoepli, Milano. 
    • Forte C., De Rossi B., 1996, Principi di economia ed estimo, ETAS, Milano.
    • Gabrielli L., Lami I., Lombardi P., 2011, Il valore di mercato. Note di lavoro per la stima del valore di mercato di un'immobile, Celid, Torino.
    • Grillenzoni M. e Grittani G., 1994, Estimo: teoria, procedure di valutazione e casi  applicativi, Edagricole, Bologna.
    • Michieli I., 1998, Trattato di estimo, Edagricole, Bologna.
    • Roscelli R., 2014, Manuale di estimo. Valutazioni Economiche ed esercizio della professione, UTET, Torino.  
    • Simonotti M., 1997, La stima immobiliare, UTET, Torino.
    • Id., 2006, Metodi di stima immobiliare, Dario Flaccovio Editore, Palermo.
    • Utica G., 2008, Ingegnerizzazione e gestione economica del progetto, Maggioli Editore, Santarcangelo di Romagna.
    • Id., 2011, La stima sintetica del costo di costruzione, Maggioli Editore, Santarcangelo di Romagna.

    TEACHERS AND EXAM BOARD

    Exam Board

    PAOLO ROSASCO (President)

    MARCO LARI

    GIUSEPPE VALVO

    LESSONS

    LESSONS START

    Last week of February 2023 (second semester)

    Class schedule

    All class schedules are posted on the EasyAcademy portal.

    EXAMS

    EXAM DESCRIPTION

    The exam is in written form. The duration of the test is two hours. The student will have to answer four open quest.ons concerning the topics covered in class.

    In case of exams to be carried out online, these will be in oral form.

     

     

    ASSESSMENT METHODS

    The assessment of the learning by the student of the theoretical and operational tools takes place:

    • through the evaluation of the exercise (compulsory);
    • through the evaluation of the written test.

    The written test will allow the student's ability to:

    • recognize here the significant economic aspects for the solution of the estimative questions that are faced during the development of a building and urban planning project;
    • solve the estimation questions through the use of estimation tools.

    The exercise will allow to evaluate the student's ability to use the estimative methodologies learned during the course and related to the estimation of the cost and market value of a project.

    The final mark will include the evaluation of the written test and the exercise.

    FURTHER INFORMATION

    Students can, as an alternative to the exercise topics proposed by the teacher, propose applications related to the estimation of the costs or property values related to case studies treated in other courses or subject of degree thesis.

    For students in the "Landscape" curriculum the exercise will have as its object the estimation of the cost of a green area project proposed by the student.