INTERNATIONAL CONSULTING AND  ENGINEERING SERVICES

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THE REAL ESTATE SECTOR

The process of determining the most likely market value, considering the purpose of the valuation and the possible allowable uses, is based on the following assumptions:

1. the intended developable area is free and available for the construction of the improvements according to the conditions assumed in the project plans

2. preparation of the land consists of removal of existing improvements; removal and disposal of unsuitable soils and shaping of the land to finished contours.

There are many reasons to request a determination of a piece of residential or commercial real estate. Some of these reasons are as follows:

• Understanding of the valuation to better set rental rates

• Setting sales price

• Insurance coverage

• Bank financing

• Division among heirs

To express the value of industrial buildings, even when limited by environmental considerations, one applies similar criteria to those used in the valuation of industrial assets.

Therefore, one must determine the cost of construction new, appropriately depreciated, taking into account the age, state of repair and future obsolescence in order to determine the value of industrial buildings under consideration.

For determination of value, one typically looks to the market for comparable sales. The comparative market value method assumes that the value of real estate can be determined by comparison to the sales prices of other real estate with similar characteristics to the subject property that have been recently exchanged or sold in the same or similar market areas.

The market value of the real estate is the equivalent monetary value that can reasonably be carried on the firm’s books for transfer of the rights of ownership of the property.

The price of future sale is an element of the contract between the buyer and seller and can be influenced by subjective factors that cannot be easily generalized or considered within this value.

Keith T. Kallberg, P.E., General Manager

Roaring Brook Consultants, Inc.

15 Sewall Road

South Berwick, ME  03908

Toll Free:  877-722-2643

Fax:  207-384-5383

keith@rbc.mv.com

Mr. Alessandro Rossi, P.I., Presidente

Euroconsulting Group Engineering, S.r.l.

Lungomare della Salute, 227

00054 Fiumicino (RM), ITALIA

Telefono:  0039/06/6583368

Cell:  0039/335-6164762

Fax:  0039/06/6583368

alessandro.rossi@euroconsulting-eng.it

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