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Analysis of the Highest and Best Use of a site in Veveří Street in Brno
Odehnal, Michal ; Hakl, Filip (referee) ; Klika, Pavel (advisor)
The diploma thesis deals with method of analysis of the highest and best use of property, called HABU. The work can be devided into two parts (the theoretical part and the practical part). The theoretical part explains basic terms, presents the current state of the issue in the Czech republic andabroad, further describes the procedure using HABU method and introduces us to the four basic conditions that the method of analysis of the highest and best use is based on (conditions of legal accessibility, physical possibility, financial merits and maximum profitability). In the practical part, the method is applied to a particular case. It is part of the former military site on Veveří 40 street in Brno. The aim of the thesis is to find the most effective use for the given land.
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Analysis of the Highest and Best Use of a Plot in Zlín-Jižní Svahy
Šimoníková, Kristýna ; Vala, Vlastimil (referee) ; Klika, Pavel (advisor)
The diploma thesis deals with the topic of analysis of the highest and best use (abbreviated as HABU). In the theoretical research, this method is described, and defines the solution process using 4 basic steps, namely legal admissibility, physical possibilities, financial justification, and maximum profitability. Subsequently, this method is applied to a specific plot in Zlín-Jižní svahy area. The solution proposes 9 variants of utilization of this land. Using the HABU method we are looking for the best use, which in turn brings the investor the highest profit. The aim of the thesis is also a clear description and practical demonstration of the application of this method, which has not been represented in the Czech Republic so far. It can thus help to understand and use it in property valuation.
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System concept of method highest and best use in the valuation of real estate
Klika, Pavel ; Weigel, Lubomír (referee) ; Mikš, Lubomír (referee) ; Bradáč, Albert (advisor)
Currently, development of the international investment market, the impact of the legislation of neighbouring countries and especially EU countries on property valuation is increasing. There is a need to unify not only the valuation procedures, but also terms, definitions, approaches, methods and requirements on the profession of the experts and assessors. One of the commonly used concepts of property valuation is the High and Best Use approach. This is a term that appears both in foreign and Czech literature, especially in connection to valuation of properties. When valuing a property and taking into account a valuation approach by considering the future use of the property, the consideration of the best use is crucial. When valuing using so called revenue way, i.e. we consider future property yields, the High and Best Use approach should be an indispensable part of the valuation. Although this is a very fundamental concept, there is no literature in the Czech Republic or abroad that would analyse in detail the process of property evaluation based on the High and Best Use method. The main aim of this dissertation thesis is to systematically elaborate the methods of valuation using the High and Best Use approach and to create a standard for experts, according to which it would be possible to process the valuation, respectively a part of the valuation of immovable properties. On the basis of such valuation, it would be possible to determine the market value of the immovable property in compliance with international standards and modern property valuation publications. The result of this dissertation thesis is both the proposal of a detailed procedure of a qualified expert´s work on an evaluation of the High and Best Use, including the influence of the easements on land and buildings, of a property and the proposal of an expert standard on this methodology. It includes a sample examples of an evaluation of the High and Best Use of the properties in the most common cases. The knowledge and information from this thesis have its contribution in Forensic engineering area in the field of theory and practice and pedagogical activities.
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Evaluation of possible uses, including the best and highest use of land in the locality of Brno Trnitá
Vojta, Lukáš ; MBA, Eva Mačurová, (referee) ; Klika, Pavel (advisor)
This diploma thesis examines the topic of evaluation of possible uses of real estate throughout method of highest and best use analysis also known as HABU. Within the theoretical part of thesis, the issue of real estate valuation is described. The principle of highest and best use analysis is described in detail and its main parts are defined and these are the following: legal permissibility, physical possibility, financial feasibility, and maximal productivity. In practical part of thesis this method is applied to a certain property in Brno – Trnitá area. In the thesis there are multiple possible options considered and evaluated.
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Evaluation of possible uses, including the best and highest use of land in the locality of Brno Trnitá
Vojta, Lukáš ; MBA, Eva Mačurová, (referee) ; Klika, Pavel (advisor)
This diploma thesis examines the topic of evaluation of possible uses of real estate throughout method of highest and best use analysis also known as HABU. Within the theoretical part of thesis, the issue of real estate valuation is described. The principle of highest and best use analysis is described in detail and its main parts are defined and these are the following: legal permissibility, physical possibility, financial feasibility, and maximal productivity. In practical part of thesis this method is applied to a certain property in Brno – Trnitá area. In the thesis there are multiple possible options considered and evaluated.
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|
|
Analysis of the Highest and Best Use of a Plot in Zlín-Jižní Svahy
Šimoníková, Kristýna ; Vala, Vlastimil (referee) ; Klika, Pavel (advisor)
The diploma thesis deals with the topic of analysis of the highest and best use (abbreviated as HABU). In the theoretical research, this method is described, and defines the solution process using 4 basic steps, namely legal admissibility, physical possibilities, financial justification, and maximum profitability. Subsequently, this method is applied to a specific plot in Zlín-Jižní svahy area. The solution proposes 9 variants of utilization of this land. Using the HABU method we are looking for the best use, which in turn brings the investor the highest profit. The aim of the thesis is also a clear description and practical demonstration of the application of this method, which has not been represented in the Czech Republic so far. It can thus help to understand and use it in property valuation.
|
|
|
Analysis of the Highest and Best Use of a site in Veveří Street in Brno
Odehnal, Michal ; Hakl, Filip (referee) ; Klika, Pavel (advisor)
The diploma thesis deals with method of analysis of the highest and best use of property, called HABU. The work can be devided into two parts (the theoretical part and the practical part). The theoretical part explains basic terms, presents the current state of the issue in the Czech republic andabroad, further describes the procedure using HABU method and introduces us to the four basic conditions that the method of analysis of the highest and best use is based on (conditions of legal accessibility, physical possibility, financial merits and maximum profitability). In the practical part, the method is applied to a particular case. It is part of the former military site on Veveří 40 street in Brno. The aim of the thesis is to find the most effective use for the given land.
|
|
|
System concept of method highest and best use in the valuation of real estate
Klika, Pavel ; Weigel, Lubomír (referee) ; Mikš, Lubomír (referee) ; Bradáč, Albert (advisor)
Currently, development of the international investment market, the impact of the legislation of neighbouring countries and especially EU countries on property valuation is increasing. There is a need to unify not only the valuation procedures, but also terms, definitions, approaches, methods and requirements on the profession of the experts and assessors. One of the commonly used concepts of property valuation is the High and Best Use approach. This is a term that appears both in foreign and Czech literature, especially in connection to valuation of properties. When valuing a property and taking into account a valuation approach by considering the future use of the property, the consideration of the best use is crucial. When valuing using so called revenue way, i.e. we consider future property yields, the High and Best Use approach should be an indispensable part of the valuation. Although this is a very fundamental concept, there is no literature in the Czech Republic or abroad that would analyse in detail the process of property evaluation based on the High and Best Use method. The main aim of this dissertation thesis is to systematically elaborate the methods of valuation using the High and Best Use approach and to create a standard for experts, according to which it would be possible to process the valuation, respectively a part of the valuation of immovable properties. On the basis of such valuation, it would be possible to determine the market value of the immovable property in compliance with international standards and modern property valuation publications. The result of this dissertation thesis is both the proposal of a detailed procedure of a qualified expert´s work on an evaluation of the High and Best Use, including the influence of the easements on land and buildings, of a property and the proposal of an expert standard on this methodology. It includes a sample examples of an evaluation of the High and Best Use of the properties in the most common cases. The knowledge and information from this thesis have its contribution in Forensic engineering area in the field of theory and practice and pedagogical activities.
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