- Autor
- Ramian Tomasz
- Tytuł
- Depreciation in the Appraisal of Specialized Industrial Real Estate
- Źródło
- Studia i Materiały Towarzystwa Naukowego Nieruchomości. Selected Aspects of the Cost Approach in Property Valuation, 2011, s. 73-83, tab., rys.
Journal of the Polish Real Estate Scientific Society - Słowa kluczowe
- Wartość nieruchomości, Amortyzacja
Real estate's value, Amortization - Abstrakt
- The main feature of the property is its durability, noticeable especially when compared to other less durable economic goods, like cars, machinery or equipment. The effect of durability is a slow depreciation of the individual components of property - according to exaggerated claims of many authors, the land is "eternal" and solid buildings and structures can be of use dozens, hundreds or even thousands of years. In this context, the property is depreciated with time, due to the forces of nature and as a result of being used. Part of the depreciation is reversible and can be impeded to a large extent by current repairs and maintenance, and even removed through overhauls and renovations. The feature of the property related to its fixedness in a place, the economic result of which is a great sensitivity of the property value to changes in its surroundings, usually because the owner has no impact on them, is essential for the depreciation evaluation. Changes of the surroundings can refer both to the surroundings of its location - changes in the immediate vicinity and further away, as well as the economic environment of both local market and the economy. They can positively or negatively affect the value of the property. In case of negative changes a drop of value caused by external and functional obsolescence is observed. The negative effects of the property physical stability may be diminished by the relative "mobility" of its uses, however these possibilities are smaller, the more specialized its function is. (fragment of text)
- Pełny tekst
- Pokaż
- Bibliografia
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- Cytowane przez
- ISSN
- 1733-2478
- Język
- eng
