The teaching intends to address the estimating questions concerning building and real estate development projects, from the planning to the execution phase.
The economic evaluation of projects is one of the main tools for establish the feasibility of an intervention, from the building to the urban scale.
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The teaching aims to provide students with the theoretical and operational tools necessary to address and resolve the main estimating questions within the building cycle, from the planning phase to the execution and management of the interventions.
The student must demonstrate that he knows how to set up an estimate by identifying the methodology to be applied in relation to the purposes and characteristics of the project or real estate asset, collect data from the market, useful technical and regulatory information, apply the procedure and formulate the forecast of the value (of cost or market).
The professional graduate will acquire the skills to be able to communicate with the client (public or private) regarding the economic aspects of a project or an existing real estate asset as well as with the professionals involved in the various planning and executive phases (construction site).
The goal of the teaching is to provide the theoretical knowledge and operational tools to be able to address and resolve the estimation and evaluation questions inherent in projects on a building and urban scale.
At the end of the course the student will be able to:
1. recognize the economic values associated with 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 and apply the appropriate estimation methodologies for forecasting the costs and market values of a building project
4. correctly apply the methodologies for assessing the economic-financial feasibility of an intervention on the building or urban scale
2. analyze the economic results obtained from the application of valuation methodologies and relate them to the investment objectives.
No educational prerequisites are required by the student.
The educational path is developed according to three levels:
Students who have valid certification of physical or learning disabilities on file with the University and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Federico Scarpa (federico.scarpa@unige.it ), the Polytechnic School's disability liaison.
The teaching is divided into three parts:
FIRST PART
- Meaning of evaluation and estimation - definition of estimation - estimative postulates
- Types of costs in construction - Synthetic and analytical estimation methodologies of the cost of a building intervention.
SECOND PART
- Definition of the market value of a property
- Methods of direct and indirect estimation of the market value of a property: Direct comparison - Capitalization of income - Depreciated construction (or reproduction) cost
- International Valuation Standards - Valuation approaches - The Market Comparison Approach.
PART THREE
- The assessment of the economic-financial feasibility of an intervention: the Cost-Revenue Analysis (ACR)
EXERCISE
The student will develop the application of a Cost-Revenue Analysis to a building project proposed by the teacher or by the student.
Slides of the teaching 's lessons (availables on AulaWeb and on the Team of the teaching).
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.
Ricevimento: Student reception takes place at the end of the lesson or on the Team platform of the teaching by making an appointment (at the email address: estimo.ge@gmail.com or by message on Team).
PAOLO ROSASCO (President)
MARCO LARI
GIUSEPPE VALVO
First semester of the academic year (September).
The exam is oral.
The student will have to answer four questions concerning the topics covered during the course and present the exercise carried out.
The evaluation of the student's learning of the theoretical and operational tools is developed:
The exam will assess the student's ability to:
The exercises will allow to evaluate the student's ability to know how to apply the estimation and evaluation methodologies learned during the course.
The mark will include the evaluation of the oral exam and of the exercises.
Students who have valid certification of physical or learning disabilities on file with the University and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Federico Scarpa (federico.scarpa@unige.it), the Polytechnic School's disability liaison.
For any further information, please visit the page Aulaweb of the course (https://aulaweb.unige.it)
