Measurement 1 Flashcards
On what basis do you measure a flat or house?
IPMS
If you are measuring offices, can you deviate from IPMS and measure on an NIA basis?
Yes dual reporting – Client decision (client instruction and have specific reason , e.g comparables)
Difference between IPMS 3 and NIA?
Measured to internal dominant face
Areas under 1.5m height included but stated separately
Columns and internal walls included in IPMS 3
Why was property measurement 2nd edition brought in?
To create a global standard and improve transparency and remove current inconcistencies in global measurement
On what basis would you measure retail?
NIA
Would you include the small kitchenette and toilet in NiA?
Include kitchenette but not toilet
Explain zoning
- Valuation technique used to measure shop frontage where the front of shop Is more valuable than the back based on the halving back technique.
- Split into zones, each zone around 20 ft (30ft zone for oxford street, bond street, Scotland). Use halving back principle down to Zone C or D then remainder
How do you zone an upper level of a shop? or a storage room?
ITZA / 10
How would you measure a property on a corner?
Means there is a return frontage
- Measure the main frontage, then add an additional % to the Zone A space (if return frontage is 10ft, then add 10/ 7.5 / 5% to the Zone A value)
What equipment do you bring to measure?
Disto
Tape measure
Pen
Paper
Lease plan
Why would you take a kebab stick to measure?
To measure behind the shop fitout
What length of tape would you bring to measure?
5m tape
What does RICS consider to be an acceptable tolerance in measurement ?
No set RICS tolerance. Based on site specific conditions and difficulty of measuring.
i.e greater margin of error acceptable for a out of town car park than a London office
If you were to measure an industrial unit, what basis of measurement would you use?
GIA
Industrial unit has offices, how would you measure the offices?
GIA
