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“Valuation needs within a corporate estate” Olly Freedman MSc MRICS KEL Director. software for property professionals KEL has been providing valuation, appraisal and analysis software to property professionals since 1985.
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“Valuation needs within a corporate estate”Olly Freedman MSc MRICSKEL Director
software for property professionals KEL has been providing valuation, appraisal and analysis software to property professionals since 1985 Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Purpose of a Computer Program • Save Time • Increase Productivity • Increase Efficiency • Better Reporting Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Data InformationIntelligence Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Budget Cuts Increase workload per capita? Outsource asset valuations or get help in some way? Budget availability? Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Asset Management Systems (AMS) For example Elf, Atrium, TF, Tribal, IPF, Concerto, Estateman and Caps AMS strategic asset reports? Export data from AMS to another analysis program? Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
RICS Registered Valuers Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Land Values Comparative basis (rate per) or Formulae (% of total) Industry standard? Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
DRC Depreciation Straight Line or Reducing Balance Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
4 Main Methods of tackling Componentisation: • Do not include components at all • Include components ad hoc if > threshold • Split each unit into x no of components as a % of the build rate used • Split each unit into x no of components – sum total of components - value Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
DRC & Insurance Valuations Is DRC valuation data being used to create insurance valuations? MEA v’s GIA Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Valuation Data for Strategic AM Reporting Snap Shot Portfolio Overview Previous and Current All Valuation Scenario Property Income Risk Portfolio History Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD
Disposal Program Excel for Residual Calculations Negotiate with Developers Provide reports for Planners Over ONE HUNDRED YEARS of managingPUBLIC PROPERTY for thePUBLIC GOOD