Measurement (L1C) Flashcards
Describe the application of RICS Property Measurement (2nd Ed, 2018)
- Purpose & date of measurement instruction
- Date of measurement
- Reason for departure from IPMS
- Measurement device used
- Scale of plan used
- Floor area schedule
- Unit of measurement and conversion
- RICS member and firm responsible
What is IPMS?
International Property Measurement Standards (Residential) - Property Measurement 2nd edition
- Improves consistency and global transparency
- Works alongside IFRS and IVS
- Mandatory
- Can publish on dual basis currently
- Members must inform clients of benefits
- Not always appropriate, so can depart, must state reason for departure
Types of measurement
- IPMS 1 (equates somewhat to GEA): Planning
- IPMS 2 (GIA) - Costings of office and resi
- IPMS 3 (NIA) - offices agency and valuation
- IPMS 3a (GEA) - Residential (external)
- IPMS 3b (GIA) - Residential (internal incl. walls)
- IPMS 3c (EFA) - Residential (internal excl/ walls)
What is GEA in relation to GIA and NIA typically?
GEA =
GIA + 2% / 3%
NIA + 15%
What does GIA include and exclude?
Includes:
- columns
- lifts
- walls
- mezzanine with permanent access
- loading bays
Excludes:
- Canopies
- Fire escapes
- External wall thickness
What does NIA include and exclude?
Includes:
- Lift lobbies
- Kitchens
- Cupboards
- Ramps
- Non-structural walls
Excludes:
- Toilets
- Areas under 1.5m
- Permanent circulation areas
- Shared atria
How do you measure IPMS 3a?
Measure to outer face of external wall and centre line of shared wall
How do you measure using IPMS 3b?
Measure to area in exclusive occupation, including internal walls, columns, measured to IDF
How do you measure using IPMS 3c?
Measure to area in exclusive occupation, excluding internal walls and columns, measured to IDF.
Does RICS Code of Measuring Practice 6th ed., effective from May 2015, still apply?
It still applies to all buildings except for residential and offices.
What happened at the IPMS review?
- Unsuccessful - resistance to change and lack of comps
- Avoid using as per client’s instructions, document departure
- Market uses old measures, I report on dual basis, but comps are old measures
What does GEA include and exclude?
Includes:
- Everything in main envelope
- Atria
- Internal boundaries
- Loading bays
- Pavement vaults
- Garages
- Conservatories
Excludes:
- Canopies
- Roof terraces
- Open-sided balconies
- Fire escapes
- Open vehicle parking areas
- Greenhouses
What are limited use areas?
- Area difference from IDF
- Limited height
- Limited natural light
- Above and below ground
- Covered area
What is zoning (ITZA)
- Valuation technique for comparison of retail properties
- In Terms of Zone A
- Zone A is 20ft of 6.1m (halving back principle)
How do you measure land?
- Check boundaries are accurate using OS Map or Land Registry title
- Use ProMap or LandInsight
- Use a trundle wheel