The main approaches to the assessment of non-violent objects (vitrate, buttock, porous)

In the assessment of non-irritability, there are three main approaches to the definition of vartost: vitreous, rinkovy and pributkovy. The skin approach has its own methods, take and procedures. There is a conceptual similarity of approaches to the assessment of different objects of power. At that very hour, the type of the assessed object indicates the peculiarities of specific methods, like specific problems of assessment, power, sound, deprived of this type of authority.

Vitratny pidkhid

Vitratny pіdhіd up to the assessment of the non-destructive dampness of foundations on the basis of vitrat on the construction of the object of non-violability with a variety of objects, which are assessed either as damage. It is necessary to rely on the investment of the investor’s abilities at the expense of indestructibility and to go out of the principle of substitution, to be sure that the buyer is not to pay a larger amount for the object, lower that, in order to get rid of the debt of the business, the recognition of such a business is forgotten єkta at the period available for inspection without suttєvih hiccups.

• 1. Razrahunok vartostі pridbannya or dovgostrokovoї renti vіlnoї vіlnoї nayavnі vіlnoї naivnoї u razryazhennі zemі z metoyu optimal її vykoristannya;
• 2. Evaluation of the life expectancy that is to be assessed. The basis of the rozrahunka of the vodnovlyuvalny vartost is the rozrahunka of the project on the creation of the object, which is seen, depending on the current prices and minds of the preparation of similar objects on the same date.
• 3. Determination of the value of physical, functional and physical wear of the object of non-viability;
• 4. Estimation of the value of the surplus (investor's surplus);
• 5. Razrahunok pіdnjuvalnoї vartosti ob'єkta appraisal shlyakh koriguvannya vіdnovlyuvalії vartosti on znoshuvannya z bolshennya otrimanoї value on varіst land plots.

Vitratny pіdkhіd nabіlsh drіchniy at otsіntsі ob'єktіv, zdanih recently in exploitation, vіn lead to the most reconciliation results in times to achieve the primed vartosti of land plots and insignificant accumulated cost of land. Vitratny pіdhіd pravomіrniy in otsіntsі vartosti splanіnіh ob'єkіv, ob'єkіv spetsial'noj prichennya іnshoy lane, pіdkіv yakіm rіdko stavlyayutsya over rynkom, can be vikoristovuvat in otsіntsі z metoyu insured. Tsey pіdkhіd at otsіntsі ob'єktіv, scho pіdlyagayut reconstruction, allowing you to install, chi will be vitrati compensated for the increased operating income chi vіruchki vіd sale of mine. Zastosuvannya vitratnogo pіdkhod at times allows you to vanish the risk of over-surplus capital investments.

Also, the vitratny pіdkhіd vikoristovuєtsya for the purposes of filing the lane of legal osіb that physical features, with the arrest of an indestructible lane, for the analysis of the best and the most effective vikoristanny of the earth's land.

Appointment of the vartost of the land lot

Vіdpovіdno to st. 35 of the Civil Code of the Russian Federation, when transferring the right of power to a house, house, spore, which is located on someone else's land plot, until the last person, it gains the right to win the right to win the highest part of the land plot, occupied by a house, house, spore that is necessary for them, that at the same obsyazі, scho th kolishnіy vlasnik.

From the best methods of assessing the land, the initial value may be the method of a relative analysis of the sale.

Vіdnovlyuvalny varіst vіdіvnіtstva object neruhomostі, scho іnyuєєє, razrakhovuієtsya in current tіnakh yak new (without urakhuvannya accumulated denomination) that spіvvіdnoshennia before the date of assessment. At the heart of the designation of the vіdnovlyuvalnoї vartosі lie rozrahunki vitrat, tied from everyday life of the object to the buildings of the zamovnik. According to the order of the appearance of these vitrates, it is customary to see straight and indirect vitrates in the society of everyday life.

Directly vitrati without intermediary pov'yazanі z everyday life (variety of materials, wages budіvelnyh robіtnikіv, vartіst budіvelnih machines and mehanіzmіv toshcho). Indirect vitrati - vitrati, which do not hustle in the middle of everyday life (fees for design and construction organizations, investment in the land, marketing, insurance and advertising vitrati just). The developer's income reflects the impact on the management and organization of everyday life, the blatant vision and involvement with the development of the entrepreneurial risk. Surplus pripriёmtsya okreslyuetsya part of the surplus in the sale of the object. Regardless of the size of the vіdsotka and the vіdpovіdnoї yoma of the base (the warehouse part of the vartosti vlasnostі), the value of the pripriyomnitskogo pributka is overstayed.

The main source of similar data about the virtuousness of the objects of non-destructiveness and budding work on the spores, similar to the estimated one. In addition, assessing what they are designing, call to conduct the authorities’ data bases of current prices for ready-made houses, office rooms, apartments, hotels, business shops and crafts. At the present time in Russia there is a system of normatives and equal prices, which are determined by different price indices.

Incited objects under the influence of various natural and functional factors waste their operational capacity and collapse. Krym tsgogo, on the market variability of the object is poured into the old economic ripple from the side of the uninterrupted sharpening of that change in the market center. При цьому розрізняють фізичне зношування (втрата експлуатаційних якостей), функціональне старіння (втрата технологічної відповідності та вартості у зв'язку з науково-технічним прогресом), зовнішній або економічний знос (зміна привабливості об'єкта з точки зору зміни зовнішнього оточення та економічної ситуацією в regions). All at once, you can see the cost of accumulating the cost, which is the sum of the difference between the main variant of the object and the variance of the assessment (replacement) of the object of assessment.

Let's get the most accurate and reliable information about the technical mill of the future or arguably the materials of natural furnishing. The first intellectual realization of such obstezhenie can be more accurate in determining the functional recognition of the object of assessment: the choice of direct recognition or in the change of technological and functional parameters. At the same time, it is necessary to show between the changes of the navantage and the inflows on the supporting structures of the bud.

Another mindful study was carried out to remove new information about natural and climatic parameters and specific factors, adding to the area of ​​the object’s development and changes in the process of technogenic activity.

Rink's pidkhid

A necessary rethinking for the establishment of methods of the market approach is the availability of information about the sites with similar objects of non-violence (like links for recognition, expansion and distribution), which were found in torn minds (the hour of laying down).

Porіvnyalny pіdkhіd is based on three main principles of assessment of indestructibility: drink that proposition, replace that contribution. On the basis of these principles of assessment of non-violability in the market approach, low calculus and similar methods are used to visualize the elements of alignment and control of the correction of market data of the stating objects for modeling the vartosity of the estimated object.

The main principle of the market approach to assessing non-violence is the principle of substitution, which means that a potential buyer does not pay for the mine price, that it outweighs the price of a similar one, to another thought, mine.

The main difficulties in the development of methods of the market approach to cover obstruction Russian market indestructibility. Most of the real prices for the objects of non-destructiveness are indestructible. In connection with the cim, often during the assessment, the prices of the propositions that are displayed on the sale of objects are often determined.

The method of sales ranking determines the market rank of an object based on the analysis of recent sales of the established objects in non-destructive conditions, which are similar to the rated object for the rozmіrom and vikoristannyam. The Danish method of assigning a vartost is transferring, which allows the market to set a price for an object, which is evaluated, in the same rank as for similar, competitive objects. In order to establish the method of distribution of sales, fakhivtsі vikoristovuyut low principles of evaluation, including the principle of substitution.

Zatosuvannya to the method of postponing sales in the field of successive victories of offensive actions:

• 1. Reporting to the market with the method of removing reliable information about all the factors that are related to the objects of equal correlation;
• 2. designation of visually impaired singles and the conduction of a sequential analysis by skin singleness;
• 3. setting an appraised object with the selected objects equal to the method of adjusting their selling prices and including them from the list of equals;
• 4. low-corrected indications of rank value of equal objects to the market rank value of the object of assessment.

As dzherela information about the markets of the country with unruliness, real estate offices, sovereign dzherela, power bases of data, publications can be victorious.

After the choice of a unit of damage, it is necessary to determine the main indicators of the elements of damage, vicory, as it is possible to model the varity of the object for the additional necessary adjustment of prices for the purchase and sale of the damage of objects of non-violence.

In the assets of the practice of the Bartosti, the holy visible cups of the main Elehementa Porivnyannya, the yak transfer the right to non -buriality, Knitaninosovikh Rozrahunkiv at the tent -bang, the sale of the sale, the function of the recognition of the Ob. the object, the technical standard and the cost of processing the premises.

This method is most effective for objects that are regularly sold.

To see the elements of vimiryuvannya koriguvannya vikoristovuyut kіlkіsnі and yakіsnі methods.

To kіlkіsnyh methods vіdnositsya:

• - analysis of paired sales (two different sales are matched, so that a correction is made for one matching item);
• - statistical analysis (the method is based on mathematical statistics for correlation-regression analysis);
• - analysis secondary market(the Danish method determines the value of the correction, spiraling on the data, which do not interfere directly with the object of assessment or the object of equality) and others.

Before the yak_snih methods one can see:

• - classificatory (poor) analysis (a method similar to the analysis of paired sales, except for those that are corrected over hundreds of penny sums, and categories of fuzzy logic);
• - a separate analysis (per-venal sales are ranked according to the order of change in adequacy, then the place of the object of assessment is assigned to a number of comparable sales).

Pributkovy pidkhid

The designation of the market vartosti of the objects of non-violence for the help of the surplus approach is based on the principle of scaling. According to this principle, a typical investor, that the buyer of the object of indestructibility, earns money in ochіkuvannі otrimannya from the future income from vikoristannya. Враховуючи, що існує безпосередній зв'язок між розміром інвестицій та вигодами від комерційного використання об'єкта інвестицій, вартість нерухомості визначається як вартість прав на отримання доходів, що приносяться нею, інакше кажучи, вартість об'єкта нерухомості визначається як поточна вартість майбутніх доходів, which is generated by the evaluation object.

The advantage of a profitable approach against virtuous and market approaches in the fact that, in the greater world, the investor's statement about stability is like a burden to income, so that the stability of stability is guaranteed as the main price-creating factor. The main shortfall in income income is those that are based on the forecast data.

The main stages of the assessment procedure for which approach:

1. Compilation of the forecast of future income from the building of assessed areas on lease for the period of the financial year on the basis of the withdrawal of data from the potential gross income (PVD), which is financed according to the formula:

PVD \u003d S * Ca, de

S - area to be rented, sq.m;

Sa - rental rate for 1 sq.m.

2. Appointment based on the analysis of the market for the cost of the shortfall in the area with the selection of the rent, the cost of the annual gross income (DIA). As a rule, Vlasnik cannot rent out 100% of the living space for a pre-stroke period. Spend the rent to pay a little for the rent of the non-constant employment of the object of indestructibility and non-payment of the rent with unsummed rents. The level of unoccupancy of the object of profitable non-violence is characterized by the coefficient of under-production, which depends on the values ​​of the non-leaseable area to the size of the total area, which makes the premises available for rent.

Rozrahunok dіysnogo gross income (DIA) zdіysnyuєtsya for the following formula:

DVD = PVD * Kz * Ks, de

DVD - current gross income;

PVD - potential gross income;

Kz - area coverage coefficient;

Кс – payment collection coefficient.

It should be noted that before the DVD, insured by the depositor in a way, it is necessary to add other income, which is deducted from the functioning of the object over rent payments (for example, for the extra charge of additional services - car parking, too).

3. Razrahunok vitrate from the exploitation of assessed indestructibility, which is grounded on the analysis of actual vitrate for її zmіst and / or typical vitrate for a given market. Vitrati buvayut mentally - fast (a tribute to the mine, insurance contributions, payments for a land plot), mentally - change (communal, current repair robots, wages for service personnel, etc.), to pay for replacements (for periodic replacement of structural elements of life, which are often worn out).

Also, the rozrahunkov value of operational vitrates is shown from the DIA, and the bag indicator is net operating income (CHOD).

4. Pererakhunok net operating income per current varіst object.

Метод прямої капіталізації - метод визначення ринкової вартості доходного об'єкта, заснований на прямому перетворенні найбільш типового доходу першого року у вартість шляхом поділу його на коефіцієнт капіталізації, отриманий на основі аналізу ринкових даних про співвідношення чистого доходу та вартості активів, аналогічних оцінюваному об'єкту taken by the method of market extraction. Such a classic variant of the method of direct capitalization, with such a coefficient of capitalization outperforming market interests, it is practically impossible to get stuck in the Russian minds at the link with the collaborators, which is blamed for the selection of the participation of confidential information). Vihodyachi zgogo, in practice, it is possible to win the methods of algebra and encourage the coefficient of capitalization, which transfer the okrem assessment of the rate of return on capital and the rate of return.

It should be noted that the method of direct capitalization is used for the assessment of sustainable assets, which does not depend on the date of the assessment of large investments for capital investment in repair or reconstruction.

In the life of a skin person, situations are blamed, if it is necessary to assess the variability of a manifest object of non-violence. What is it like that to find ways and methods of developing the procedure for assessing living indestructibility and commercial indestructibility?

Estimation of non-irritability of the degree of designation of the economic vocabulary - the process of calculation Market chi іnshої vartosti object, scho to be brought to the indestructible lane or specific types of rights, which are declared according to the aptitude to the subject, which is evaluated. The appraisal process is based on the designation of the material vartost of the manifest right to a lease or other rights, which are declared by extension to the object, which is assessed, for example, a lease or a license.

Yakі raznyatsya see vartosti schodo indestructible lane

It is necessary to distinguish a kіlka vidіv vartosі, zastosovnі pіd hour of carrying out the estimated activity. Usyogo їх chotiri:

In this manner, everyone sees the varities of vicorist varyingly come to an assessment and are recognized by their real values. The best showcases є market variant, the lowest can buti cadastral and liquidation vartist. At the same time, the first one should be paid with a fixed value, and the other one should be stale in the term of the operation of the object, or the situation, which is blamed, as if zmushuyut the spymaster, it is obvious that it may be for liquidation.

Evaluation of the lane: three main approaches

People who are engaged in evaluating the objects of an unbreakable lane under the hour of building their own professional activity most often zastosovuyut three main methods to improve the results of assessing the object of non-viability, the skins of which will be based on independent principles.

1. pributkovy. Tsej sposіb budєєєєєєєє on otrimanny rozrahunkovyh data about ymovіrnu vartіst vyhodyachi z ochіkuvannogo іvnya income otrimana in the process volodіnnya tsim ob'єktom protyazh sevnoї kіlkostі rokіv u probable. Yakіsny rozrahunok of this indicator is necessary, the oskіlki give the possibility of forecasting a future potency. In today's assessment of activity, the most profitable method is the most demanded and such that it is often used.

Name the Crimea "pributkovy" and often call it "marginal", which means "pributkovy". In case of zdіysnennі rozrahunkіv z vikoristannymi pributkovyj method can zastosovuvaty two methods:

• capitalization of income . Vіdpovіdno before the rules of the end-of-life method, it will be the value gained when the net operating income is distributed before the procedure for applying to the capitalization rate. Tsya payment to deposit according to the base rate, which is set by the financial regulator and future adjustments for risks;
• discounting penny flows . This method of claiming for investments, if you are afraid of the instability of income, you need to work in the city, or zastosovuyutsya different capitalization coefficients. The variability of the object is applicable to the methodology will be the sum of discounted flows with the adjusted rate.

1. equal . A simple way, for which the quality of the object of an indestructible lane, which is evaluated, is to be judged on the basis of data about similar objects, whose quality is assigned and seen. Vіdpovidno up to the Federal Standard, similar to the object recognized, iden- tical to the one evaluated for economic, technical or material characteristics;
2. vitreous. The main way to lie down the Vartosti in the redness of the decamer, and the wartosti land, on the yaki roshtashov, Mino, the ocalion, Vartosti is the newly submarine ib urahuvannyam ryumannya sumyu, the vitrate on the amortzati , scho pіdlyagaє otsіntsi.

There are a few methods, which are obviously up to which the procedure for evaluating non-violence with the improvement of the reversed approach is necessary. Before the methods, which are the most popular in the market, and the most popular, lie down sales matching method .

The basis of the methodology for the distribution of sales is the data of statistics and analysis of the relevant market segment, in which the object is known, which gives estimates. The assessment methodology is composed of a number of stages:

• designation of the market segment;
• analytical assessment of the current market conjuncture;
• factor analysis;
• pіdbіr vіdpovіdnogo vsіma vsіma nebhіdnimi characteristics of the analogue;
• signing of the end of the vartosta.

By the approaching method, which is also often used when calculating the vartost of an indestructible lane, income capitalization method . Yogo sutnіst polagaє at the calculated vartosti shlyakh correlation of the river net operating income real penny value. When zdіysnennі rozrahunkіv zastosovuєtsya low coefficients.

Coefficient of capitalization, building income potential income by the end of the year fallow in the price of the object. Another important show-off is the rate of return to capital. This indicator is the rate of vіdsotkakh, the value of which is the fermentation of the viable value of the turning costs in the amount of cob investments. This rate includes two components, one of which determines the income, the other determines the return on investment penny koshtіv.

At the time of testing this method, with the elimination of the rozrahunkovyh norms of rotation, it is possible to win three methods, named in honor of the great economists, as they have been developed:

Video consultation

One of the most written and painful videos on the topic. Lawyer Yevgen Anatoliyovich Osintsev speaks about the profession of assessing and rich practical aspects of assessing the mine.

Analysis of reserves and ways to increase the profitability of the business with the method of increasing the market share (on the basis of TOV "Gildiya")

For the purpose of marking the market, or for a different type of vartost, estimating zastosovuyt special methods of rozrahunka, as they took away the name of the estimating methods.

Analysis of the market of living life in Russia

On the skin stage of the life cycle, the variability of the object of restlessness can be determined. Theoretically, assessments to generate income are not fluctuating, there are three main approaches to assessment.

Doslіdzhennya domolodіnnya that land lot, functionally connected with it, with the method of signing the market vartosti

Valid until federal law“About the assessment of the activity of Russian Federation” dated June 29, 1998

The designation of the object of indestructibility on the butt of a living booth

Evaluation of the basis for the repair of the method of sale

Business assessment: objects, principles, process, methodology

The assessment process includes the following main stages: - Preparatory stage - Information collection stage - Evaluation object grading stage - Final stage Table 1.3.1. Stages of assessment of the vartost of the enterprise.

Estimation of indestructibility

In the assessment of non-irritability, there are three main approaches to the definition of vartost: vitreous, rinkovy and pributkovy. The skin approach has its own methods, take and procedures that have been combined.

Evaluation of the business rank (on the butt of the VAT "Yaroslavsky broiler")

The process of valuation of business warehousing includes two basic warehouses - analytical and rozrahunkov, - competently subdividing them allows you to formulate a scientifically grounded idea. Analytical warehouse - the analysis of the past...

Estimation of the rating of the company BAT "Rostelecom"

Valuation of the Business Enterprise (W. A. ​​Paton, S. J. Broad, Valuation of the Business Enterprise, 1963) Estimation of business vartost, as if it were some other object of power.

Estimation of the vanity of cars, possession and transport costs

Estimation of the varnosti of the object of the indestructible lane

Various goods (objects, speeches, mines) are created, sold and bought to satisfy the state’s demands, legal and physical needs, as well as to take away the benefits of volodinnya them that victory ...

Rating

Various goods (objects, speeches, mines) are created, sold and bought to satisfy the state’s demands, legal and physical needs, as well as to take away the benefits of volodinnya them that victory ...

Estimation of the varnosti of the objects of non-viability of the community recognition

The theoretical basis for the evaluation process is the system of evaluation principles. In light practice, it is customary to see several groups of evaluative principles (Fig. 1.1): 1st group: principles ...

Rinkova assessment of non-viability

There are three methods for estimating the variability of non-irritability: 1. Vitrate method 2. Method of direct line-by-line analysis of sales.

Variation of objects of indestructibility

Theoretically, assessments to bring income to non-irritability include three main approaches to assessment, the basis of which will be specific methods for assessing non-irritability: vitrany pidkhid, profitable pidkhid, rinkovy pidkhid (porivnyalny pidkhid). Vitratny pidkhid...

Evaluation of non-violence is one of the most important mechanisms, which is impossible to organize effective management of power. Nezalezhna otsіnka nerukhomosti - tse process, pіd hour of any nezatsіkavleniy otsіnyuvach determines the market varіst of the object of nerukhomostі chi of the rights of this object.

The main approaches to the assessment of non-viability.

Іsnuє kіlka pіdhodіv to otsіnki be-what kind of non-handiness, like vikoristovuyutsya professіynym otsіnyuvachami: - Vitratny pidkhid; - Dokhіdny pіdkhіd.

At the borders of the skin, three approaches have their own specific methods.

The pributkovy pіdhіd before the assessment of non-violence should go from the designated vartosti of the object of non-violence to the improvement of the cost of scoring income from the volodinnya (victoria) of the object. This show is more important, the shards allow you to predict the variability of the object for the future.

The pributkovy pidhid is one of the most stubborn methods for assessing restlessness in assessment practice today.

According to the assertion of the current economist Vishnevetsky A.V., this budget is also called "marginal" (according to the English term "margin", which is often used in Russia as an analogue of the concept of "surplus"). The stagnation of the marginal income is clearly expressed under the hour of the economic growth of the state. Pributkovy pіdkhіd є nevid'єmnoy part of the procedure "Due Diligence" (Due-Dimlіdzhens).

Income method is mainly based on the designated vartosti neruhomosti way of rozrahunka discounted income stream (in the form of volodinnya or vikoristannya tsim object). This method is based on the principle of scaling - the establishment of a streaming income and other benefits, as it is possible to win the future of the city of power. It is logical that the master of indestructibility should not give up his power lower than tієї sumi, if you win the moment to take it away, continuing to exploit it, and the buyer will not pay more than tiєї sumi, to whom you bring away the honor of this object for commercial purposes. Otzhe, the price of non-violence depends on the improvement of the future income in the way to please the parties.

When rozrahunka profitable approach zastosovuyutsya such methods: capitalization of income and discounting penny flows. Qi of the method is the main one of the method.

1) Vіdpovіdno to the technology of the method of direct capitalization, the varіst is determined by the standards of net operating income before the taxation to the capitalization rate. The capitalization rate is determined by estimating the value of the base rate by adjusting the risk.

2) The method of discounting penny flows is stagnant, if penny flows are coming unevenly (unstable income), or for varying different capitalization coefficients. Depending on the methodology, the variability of the object is determined as the sum of discounted income for the project. For which it is necessary to assign a penny flow model to the forecast of volatility and investment for the selected period. The discount rate is determined by the adjustment of these parameters themselves, as well as by the method of capitalization.

The essence of the method is the profitability of estimating the variability of non-destructiveness as a current variability of the future penny flows. When tsmu dans pіdkhіd vіdobrazhaє rіven risk for the object of indestructibility, which is estimated, as well as the quality and amount of income, which can bring the object of assessment by the protracted term of service. The main advantage of the pributkovy pіdhod є those scho vіn allow vrahuvat future investment risks already at the same time.

The short method is those that are likely to earn - the predicted amount of income from the rent and the sum of the possible resale of the object, which are determined by the analysis of low factors, and that they can carry a lot of damage, the stones absolutely accurately assign the market to the market indestructibility impossible. Vitratny pіdhіd (pіdkhіd on the basis of assets) - sukupnіst otsіnіtіv otsіnі, in kahі varіst іn єkta dіvnyuє sumі vartі є dіlyanka і vartіstі dіdvorennja (replacement) аll increase, for virahuvannyamart accumulated denomination, that vartіstіktіktіbіtobov to lie in the vіd vartosti of a similar object. Dany pіdkhіd zastosovuєtsya for the assessment of okremih budinkіv, domovolodіn, podpryєmstv.

Porіvnyalny pіdkhіd - a combination of methods for assessing the varnosti of the object of assessment, founded on the pіvnyannі object of assessment with objects - analogues of the object of assessment, where such information about prices. The object - an analogue of the object of assessment with the method of assessment is the object that is similar to the object of assessment for the main economic, material, technical and other characteristics that determine its versatility.

Basic methods for assessing non-viability.

Income capitalization method (formula 1)

The essence of the method of capitalization of income - the designation of the cost of the object of non-irritability is determined by the way of converting the river net operating income (CHOD) into the flow rate

De: C - varity of the object of indestructibility (den.od)

NOI - Net operating income (NOI)

R_k - Capitalization coefficient

The coefficient of capitalization is an indicator that reflects the ratio of estimated river income (CHOD) to the variability of roughness (formula 2):

R_k = R_n + N_v (2)

De: R_k - capitalization coefficient

R_n - the rate of return of the investor on capital investments - the rate of return calculated by the investor for investing in order to improve the risk over the market.

N_v - rate of return to capital - interest rate to ensure the return of primary investments. The rate podіlyaє income two parts: vіdshkoduvannya kapitalnyh investirovaniya v nerukhomіst i otrimannya income vіd vіd vіdіnnya ob'єktom.

In estimating practice, there are 3 methods of investigating the rate of return to capital, the Ring method, the Inwood method and the Hoskold method.

The Ring method This method is victorious, if it is clear, that the main air should be filled with even parts. The rate of return is a fraction of the primary capital, which is credited to a zero-capacity fund. Tsya chastka at 100-hundredth turnable capital.

The method of Іnvudu wins, as if the amount of return to capital is reinvested at the rate of return on investment. In this case, the rate of return as a warehouse part of the coefficient of capitalization is higher than the factor of the fund's return for the same rate of return.

Hoskold's method is victorious in quiet situations, if the rate of income of cob investments is relatively high, and little reinvestment for the same rate. For the funds that are reinvested, they transfer income for a risk-free rate.

The Danish method is victorious, as income flows are stable for a long period and a significant amount, as well as income flows at a steady pace.

Method nezastosovny in the situation, if the object of assessment is the object of unfinished life, which leads to a significant reconstruction, then the next period cannot bring a stable income.

The “information obscurity” of the Russian market makes it easier to pay for Net operating income and capitalization rates, through the marriage of information for real purposes, sale, operating payments, etc.

Discount method of penny flows

The method of discounting penny flows (DCF) is more foldable, more detailed and allows you to evaluate the object in terms of different types of unstable penny flows, modeling characteristic riceїх desire.

The DDP method is zastosovuetsya, if:

It is expected that the future penny streams will be blown out of the stream;

Є danі, allow obsyag obsyag possible flows of koshtіv vіd neruhomostі;

Streams of income and spending may be seasonal;

Estimated indestructibility - a great functional commercial object;

The object of non-violence will be either prompted or introduced: (or introduced into the action).

The method of discounting penny flows is the most universal method that allows you to determine the real variability of future penny flows. Penny streams can change quite a bit, unevenly come and shake high level risky. Tse with the specifics of such an understanding, like a neruhome mine. Neruhome can buy into the future as an investor. The investor considers the object of non-violence in looking at a set of possible advantages and evaluates its feasibility from the position of how worthless it is to see these possible advantages at a price, for which object can be expected.

The DCF method allows you to estimate the cost of non-destructiveness on the basis of the flow rate of income, which is formed from the forecasted penny flows and the excess rate.