Measurement Flashcards
What are the different bases of measurement?
IPMS 1, 2 and 3
or
Under the code of measure practise GEA, GIA and NIA
What does IPMS 3 correlate to?
NIA
What does IPMS 2 correlate to?
GIA
What does IPMS 1 correlate to?
GEA
What is the difference between IPMS 3 and NIA?
IPMS 3 measures occupation (or floor by floor basis) This means it includes COLUMNS Includes but stated separately; -balconies -covered galleries - roof top terraces in exclusive area - areas below 1.5m (limited use areas)
IPMS vs NIA? How does it impact rental value of the space?
It doesn’t impact on the rental value of the space it impacts the way the area of the space is
reported. Only impact if comps are different metric
What is the internal dominant face?
The IDF is the inside finished surface comprising more than 50% of the floor to ceiling height.
Where do you measure an eaves height from?
Measured the height between the floor and the lowest point on the underside of the roof (Where roof meets wall)
What do you need on a map?
Title, scale, north sign, date and source
What are the component areas in measurement?
The elements into which the floor area of a building can be divided
What is the main difference between IPMS 1 and GEA?
IPMS 1 includes but states separately covered galleries, balconies and accessible rooftop terraces whereas GEA excludes balconies and accessible rooftop terraces.
What is the main difference between IPMS 2 and GIA?
IPMS 2 includes reveals of windows, covered galleries, balconies and accessible rooftop terraces (but stated separately) whereas GIA excludes covered galleries, balconies and accessible rooftop terraces.
What are limited use areas and how do you report these?
An example of limited use areas is an area below
1.5m in height.
The reason IPMS brought about this term is because in certain markets there may be areas of a building that are incapable of legal or effective occupation, one market may classify an area as limited use where another may not. In any case, these are to be measured
and included but stated separately.
Previously excluded in Code of Measuring Practice.
Why has IPMS been introduced?
To bring uniformity to the way that property is measured and reported globally.
- CONSISTENCY
- TRANSPARENCY
Be able to compare like for like in different countries.
Lots of comparables are measured to NIA how do you allow for the difference with IPMS?
I check with the agent whether the property was measured on an IPMS3 or NIA basis and
then I always compare on a like for like basis.
Because IPMS has not been fully introduced into the region I am still measuring on both basis’s IPMS and NIA and dual reporting.
What is the establish market norm?