21002034-4 - APPRAISAL AND ECONOMIC EVALUATION

The design studio’s goals for the building construction design are to increase the students awareness of the complex transformation process of an architectural idea in a real building. The student competence to create coherence regarding content and design subject is our main aims.

Canali

teacher profile | teaching materials

Programme

The Real Estate Appraisal and Investment Valuation (REAIV) Course introduces the student to the vision of the interdependencies between the estimative, economic, architectural and technological aspects of the architectural project at different scales, from the building project to the urban project.
The Course will be developed in parallel with the Urban Markets and Real Estate Operators (UMREO) Course, of which, although it is not to be considered a constraint, attendance is recommended. The context in which the costs and prices of architecture as a commodity are formed will be studied in depth during the UMREO Course. In consideration of the specificity of the Assessment Course - specialist contribution to the 2M Architectural Design Workshop- the contents can be summarized as follows.
The course is structured in four main conceptual sections:
the. The first section - Understanding the Project Development Process - examines the stages of the project development cycle and the roles of key players in the construction process.
ii. The second section - Project Initial Costs and Cost Variation Factors - explains the main elements in estimating initial costs for a project, as well as reviewing some of the many factors that lead to changes to the original estimate.
iii. The third section - Cost control methods - discusses how project cost and time control can be improved through risk management and a more realistic estimate of emergency budgets.
iv. The final section - An Approach to Cost Assessment and Monitoring - provides a step-by-step guide to improving cost monitoring of architecture projects.
In parallel with the in-depth analyzes related to the formation of intervention costs, useful elements will be provided to estimate the real estate value of the project. With this second family of data we will proceed with the development of the economic and financial feasibility study, verifying the plausibility and sustainability of the project in the market conditions characteristic of the time and place in which it takes place.


Core Documentation

The bibliography consists mainly of materials from Italian and international professional practice and will be distributed at the end of each lesson.

Reference Bibliography

The bibliography consists mainly of materials from Italian and international professional practice and will be distributed at the end of each lesson.

Type of delivery of the course

The Course will focus on the development of the Workshop design as a real estate investment project. Particular attention will be paid to the verification of the economic and financial feasibility of the project, with examples taken from real cases. Case studies on the topics covered will be developed in the classroom with the support of an electronic sheet (Excel). In the event of an extension of the health emergency from COVID-19, all the provisions governing the methods of carrying out teaching activities will be implemented, following up on the practices already tested in the previous semester and in any case in compliance with the indications that will be received from the bodies in charge.

Attendance

Attendance is mandatory for 75% of the hours

Type of evaluation

Oral discussion on the topics of the Course, starting from the materials produced by the student in the Design Workshop.

teacher profile | teaching materials

Mutuazione: 21002034-4 ESTIMO in Architettura - Progettazione architettonica LM-4 CANALE I NIGRIS ENRICO

Programme

The Real Estate Appraisal and Investment Valuation (REAIV) Course introduces the student to the vision of the interdependencies between the estimative, economic, architectural and technological aspects of the architectural project at different scales, from the building project to the urban project.
The Course will be developed in parallel with the Urban Markets and Real Estate Operators (UMREO) Course, of which, although it is not to be considered a constraint, attendance is recommended. The context in which the costs and prices of architecture as a commodity are formed will be studied in depth during the UMREO Course. In consideration of the specificity of the Assessment Course - specialist contribution to the 2M Architectural Design Workshop- the contents can be summarized as follows.
The course is structured in four main conceptual sections:
the. The first section - Understanding the Project Development Process - examines the stages of the project development cycle and the roles of key players in the construction process.
ii. The second section - Project Initial Costs and Cost Variation Factors - explains the main elements in estimating initial costs for a project, as well as reviewing some of the many factors that lead to changes to the original estimate.
iii. The third section - Cost control methods - discusses how project cost and time control can be improved through risk management and a more realistic estimate of emergency budgets.
iv. The final section - An Approach to Cost Assessment and Monitoring - provides a step-by-step guide to improving cost monitoring of architecture projects.
In parallel with the in-depth analyzes related to the formation of intervention costs, useful elements will be provided to estimate the real estate value of the project. With this second family of data we will proceed with the development of the economic and financial feasibility study, verifying the plausibility and sustainability of the project in the market conditions characteristic of the time and place in which it takes place.


Core Documentation

The bibliography consists mainly of materials from Italian and international professional practice and will be distributed at the end of each lesson.

Reference Bibliography

The bibliography consists mainly of materials from Italian and international professional practice and will be distributed at the end of each lesson.

Type of delivery of the course

The Course will focus on the development of the Workshop design as a real estate investment project. Particular attention will be paid to the verification of the economic and financial feasibility of the project, with examples taken from real cases. Case studies on the topics covered will be developed in the classroom with the support of an electronic sheet (Excel). In the event of an extension of the health emergency from COVID-19, all the provisions governing the methods of carrying out teaching activities will be implemented, following up on the practices already tested in the previous semester and in any case in compliance with the indications that will be received from the bodies in charge.

Attendance

Attendance is mandatory for 75% of the hours

Type of evaluation

Oral discussion on the topics of the Course, starting from the materials produced by the student in the Design Workshop.