The Appraisal Method for Detrimental Property-A Case Study of Chloride Building

• Main Authors: Huang Wen Dian, 黃文典
• Other Authors: LIN, Tzu-Chin
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/74467795060268656515

碩士 === 國立臺北大學 === 不動產與城鄉環境學系 === 94 === Because of the intricacy of professional knowledge in the present day，the court cannot properly apprehend its development within a specific field. In consequence, referees with expertise are needed to provide opinions for the court’s reference to make decisions. Opinions supplied by the referees also need judicial guidance to ensure them to be fair and widely acknowledged. In respect of the profession of real estate appraisal, it is concerned that whether the service of real estate appraisers is credited by the court? In addition, when appraisers serve as a referee, how can their opinions be accepted by both the judges and involved parties to solve a dispute? Valuation of the detrimental property is liable to dispute due to the scarcity of market evidence. Knowledge across various professionals is required in the process of detrimental property valuation, including construction, environmental science, among others. , This valuation is further complicated by the stigma issue that hinders the property value from a full recovery even after a long time period. All these problems render the appraisal of detrimental property to be one of great challenge. This research attempts to analyze the appraisal of detrimental property in a judicial context. Rationality of employed methods and referred laws are thoroughly examined in light of the judicial aspect. It is hoped to establish the appraisal standard well received by the legal and market requirements. It is proposed, through this study, that a detrimental property should be appraised through the investigation sequence of the problem nature, problem evaluation, project response and outcome value. Appraisal of a high chloride building is inspected as a study case. A cash-flow model is adopted to appraise the economic worth during the holding periods. The time factor is also taken into consideration to reflect the property value along different stages. It is concluded that a cash-flow model is able to measure the value of a detrimental property, and the effects on its value of associated costs, use and risk. Research findings are expected to provide the courts with useful reference for measuring economic loss in similar cases.