Write a brief external building description of a local property of your choice that you have inspected externally.

Feb 15, 2024

Write a brief external building description of a local property of your choice that you have inspected externally.

Questions to answer in your report (you may copy the questions into the
report without this adding to your word count for added clarity)
1) Write a brief external building description of a local property of your
choice that you have inspected externally. Include labelled photos you
have taken yourself and provide the exact address of the property. Ideally
this would be a commercial property but if there are lockdown restrictions
you may use a residential property.
Hint: ensure to use the appropriate construction terminology as well as
analysing and then describing the functional aspects of the building such
as the entrances, car parking, number of stories, use, landscaping etc.
Photos should be labelled detailing what aspect of the building they are
showing eg: ‘front elevation accessible from Shakespeare Street’. You can
find examples of this particular style of writing in agent’s particulars which
you can find on portals such as CoStar or EGi. We will also be looking at
these in class.
2) Measuring:
a) Assume that you are valuing an office building. You have found
comparbles based on the Code of Measuring Practice’s Net Internal
Area (NIA) but have read the Red Book which states you should be
measuring using International Property Measuring Standards (IPMS3)
unless your client requests NIA in their instruction. Analyse the
difficulties you may have here and how you may overcome those.
b) Your subject property has the following features. Are these likely to
result in the IPMS area exceeding or being smaller than the NIA
equivalent? Reference the documents accordingly.
An office building with: columns, recessed windows with deep window
sills, covered walkways and balconies and a roof garden.
3) Making enquiries, due diligence and valuation approach:

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