Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

VT APC 2 > Development Appraisal Questions > Flashcards

Development Appraisal Questions Flashcards

1
Q

What is the difference between a development appraisal and a residual appraisal?

A

Development appraisal assesses the viability of a development scheme

Residual appraisal is used to find the market value of a site based on market inputs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What headings would I expect to see in a development stack?

A

Revenue
Costs
Profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is NDV?

A

Net Development Value

GDV - Purchaser’s Costs = NDV

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How is the finance rate calculated?

A

Inflation + Developer’s Risk

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the difference between sensitivity analysis and scenario analysis?

A

Sensitivity = Variables such as yield, GDV, build costs and finance rate

Scenario = Development content / timing / costs (phasing / modifying design)

E.g. 1D2D unit configurations or 78 bedroom mix are scenarios

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What elements would you test with sensitivity analysis?

A

Yield
GDV
Build costs
Finance rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

How would you calculate the profit for a commercial office building?

A

GDV - Costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is the difference between an affordable, OMS and BTR appraisal?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is the timing of revenue for different tenures?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is key guidance for development appraisals?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What are the key messages in the guidance?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Talk me through the CPD you did for development appraisals?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are purchaser’s costs?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is indexation?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is escalation?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are void periods?

A
17
Q

What would happen to revenue if your yield went from 6.5% to 5%?

A
18
Q

What are different types of scenario testing?

A
19
Q

How do you choose an affordable housing provider?

A

Tender unless there is a preferred one stipulated in your S106

20
Q

What are other development costs in your case study DA?

A
21
Q

What is land in your case study DA?

A

We pay GLA an amount for the land depending on the phase and tenure

22
Q

What is other revenue in your case study DA?

A
23
Q

Why do you get a grant in addition to the value of the AH units? Who is the grant from?

A
24
Q

What are retail void assumptions?

A
25
Q

What does LL use in selling costs?

A

VT APC 2 (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions