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Appreciation of an investment in housing
Slabík, Michal ; Vaňková, Lucie (referee) ; Kocourková, Gabriela (advisor)
The bachelor thesis deals with the economic evaluation of an investment in housing. The thesis describes the technical condition of the property and the proposal for its subsequent reconstruction for the purpose of rental housing. Furthermore, the market value of the property before and after reconstruction is determined using the comparative method. In the next step, the reconstruction costs and the possibility of drawing on the NZU's energy-saving housing subsidy were determined. The economic evaluation is then carried out for two baseline situations in two variants. The first situation is from the point of view of an investor who wants to invest his funds in a property. The second situation is from the perspective of the person who has inherited the property. These situations are then assessed in the variant of immediate sale after renovation, where it is examined whether the increase in the market value of the property caused by the renovation exceeded the costs incurred. The second option considered is a long-term lease with subsequent sale of the property, where the net present value (NPV) is the evaluation factor.
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Property Valuation by the Profit Approach
Jedličková, Lucie ; Hlavinková, Vítězslava (referee) ; Cupal, Martin (advisor)
This diploma thesis deals with issue of real estate valuation using the profit approach. The theoretical part is devoted to the definition of basic terms and basic valuation methods with emphasis on the profit approach of real estate valuation. The income and profit approaches, their differences and variables are characterized. Subsequently, immovable assets that potentially fall under the profit approach, are defined. Attention is also paid to the assessment of the macroeconomic situation in the Czech Republic as an important factor at profit approach. In the application part of the thesis, a case study is used to demonstrate a specific valuation of two properties meeting the conditions for valuation using the profit approach. In the design part of the thesis, a general scheme of procedure for the profit approach of real estate valuation is developed and the results of the thesis are analyzed. Finally, the possibilities of using the profit approach are discussed, including possible limitations in practice.
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Real Estate Valuation of the recreation center of Zubří
Nečasová, Barbora ; Novák, Ivo (referee) ; Šmahel, Milan (advisor)
The diploma thesis "Valuation of property type resort" deals with both the development of a comprehensive register of all immovable property, forming part of the accessories and recreational area in “Zubří” and also with the valuation of these assets, which will result in the determination of prices that should be required when its sale. The issue of valuation is not easy and extends into several areas. The first part of this work, the theoretical part, focuses on the definition and clarification of basic terms as from the field of valuation same as the terms of the law and economics. It further, various valuation methods are described in more detail and these are then used in the practical part. At the beginning of the practical part the location of the real estate same as the results of a market analysis and data obtained from the local investigation are described briefly. The results of the valuation are evaluated and analyzed in more detail in the conclusion of the thesis.
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Valuation of Immovable Cultural Monuments
Novotná, Eva ; Tichá, Alena (referee) ; Komosná, Milada (advisor)
Valuation of immovable cultural monuments is the current topic when cultural heritage is being restored. With its individual character based on the nature of cultural monuments, it is not easy to put forward a uniform award procedure for all cultural monuments. This work aims to create a basic overview of concepts and definitions dealing with issues related to cultural monument, to define the procedure of proclaiming the object as a cultural monument and to focus on valuation procedures with an emphasis on the contribution method.
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The price source reducing coefficient impact on total index of dissimilarity by the real estate valuation comparative method
Cupal, Martin ; Korytárová, Jana (referee) ; Kropáčková, Barbora (referee) ; Bradáč, Albert (advisor)
True market prices of real estates, unlike bid prices, are often hard to reach. Nevertheless, this information is necessary for many direct and indirect real estate market subjects, especially for valuation purposes. Therefore the bid prices of concrete real estates are often used, but they are not generally equivalent market prices. And so it´s necessary to find some way to convert bid prices to market prices. This dissertation thesis shows definite approach to this issue. Market price and bid price rate is estimated by multi-dimensional linear regression model and non-linear estimations of simple regression. Multi-dimensional linear regression model estimates the values of this rate from other variables, like supply duration, price line according to localities and other. Non-linear estimations of regression function were used for the trend bid and market price modelling in dependence on number of the population in various localities.
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Using BIM for Real Estate Valuation
Sliška, Andrej ; Komosná, Milada (referee) ; Jandásková, Tereza (advisor)
The main objectives of this diploma thesis are to introduce the building information model as an effective tool, helping at work with the buildings throughout their lifecycle and to consider its use for real estate valuation, from the point of view of individual valuation methods, used in Czech Republic. The real estate valuation methods and the functional principles of building information model, as well as its features, are described in the first part of the thesis. In addition, the first part of the thesis also deals with the model implementation conditions in selected countries of the world. The second part of the document contains consideration for model usage in the valuation practice. A practical demonstration of working with the model is also included in this thesis.
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Creation of Recreation Areas and Development of Prices of Immovable Property for Recreation in the Mokrá - Horákov Village
Kuděla, Jan ; Doležalová, Monika (referee) ; Klika, Pavel (advisor)
The diploma thesis deals with an overview of the creation of a recreational area in the village Mokrá-Horákov, from history to the present, including the price history. The first part of the diploma thesis is defined by the definition of a building for recreation and the described histori-cal development of the village Mokrá-Horákov. The following sections describe the selected cottages and their valuation according to previous valuation regulations, current valuation regu-lations in the Czech Republic and current valuation regulations in Austria. In the experimental part, an analysis of valued cottages and realized sales and rentals is performed. Last but not le-ast, it is mentioned the possible acquisition of a cottage in a given locality for purchase and lease and a proposal to change the zoning plan in the recreational area. At the end of the diploma the-sis is a discussion of the results and evaluation of the results.
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Comparasion of property market prices with prices discovered in a comparative way according to estimate regulations
Komosná, Milada ; Mikš, Lubomír (referee) ; Abraham, Karel (referee) ; Bradáč, Albert (advisor)
This thesis deals with a comparison of the market prices of Brno family houses. The compared prices are estimated using the comparative way based on the price regulations and using the comparative method. A new coefficient for the comparative method is proposed in the thesis. This coefficient takes into account the influence of the distance of the estimate property from the city centre in the connection with the position. One of the main reasons to introduce this coefficient was to obtain the best result when estimating the price, the result which is the closest to the required market price. The use of the coefficient of the global position may lead to better results of the price estimate, especially in bigger cities where this influence is revealed the most.
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