I wish I understood residual valuations

I have to carry one out and then critique it for my masters and I'm really not enjoying it.

 

oh dear. I would help if I could.

 

what are you doingyour Masters in? Property Development?

 

Urban Regeneration. Its just part-time on day release from work so its a nightmare trying to get it done alongside work. Get home, work til midnight, do it all again the next day!

 

bloody hell. Well done for the motivation though. I'm very interested in urban regeneration, very interesting subject. You're lucky to work for a firm that will let you on day release to do a masters.

 

yeah really lucky. Its a council actually. they basically haemorrage staff in management positions who are in their mid-20's so they are trying to provide added value by offering support in higher education. Can't knock them at all, they do support their staff. I'll certainly try and repay them.

 

aye local authorities seem to be good like that.

Should set you up well to work for other bodies like regional development agencies like One North East and Yorkshire Forward?

 

Yeah definately. It will certainly improve my job prospects which is kind of the Catch-22 for work. They're paying for the MSc to keep me, but in gaining the MSc I will be more attractive to other employers. I do like aspects of working for a local authority. You really feel your making a change and there are so many people working there because they genuinely believe in their job and helping others. At the same time they are very fractured organisations that have to provide a colosal range of services at the whims of elected members, and a lot of people who work there have found themselves in positions of power simply through years of service.

I'd like to think though that whatever I do it will be because i enjoy it and it is what i believe in and not for the money

 

Is the residual values work the same kind of idea as the net present values work done in accountin, but obv lowering values instead of increasing?

 

being in a position to only do a job that we enjoy and believe in is a luxury most of us don't have. Lucky boy.

 

I'll give you 10 years, married two kids and a **** off mortgage...

all that idealist twaddle will go out of the window !!</p>

cynical moi ? dead right ! </p>

 

Definately and i am very fortunate. Competely fell in to it as well. Was leaving uni with my history degree with nothing sorted at all and I get asked if I was interested in an internship at a PFI consortium and it all went from there. Bizarely lots of my mates knew what they wanted to do from school and hate their jobs

 

Unfortunately I've already got the mortgage - york ain't cheap! And its fixed rate at 6.38%. D'oh!

 

can't you get something done about Barnsley? Barring the interchange, unfortunately redevelopment planned seems to lurch from one setback to another.

 

Don't know too much about the proposals mate but even up here in York which is a bouyant market the current economic climate is impacting on all kinds of developments

 

almost there then, get working on the wife two kids! . How would you rebrand Margate?

 

basically a residual valuation takes in to account a whole range of assumptions of market values, build costs, financing etc to work out the value of a completed development, minus the development costs and profit to provide an underlying land value.

i think!

 

ah so it is like basic accounting as Dan says?

 

Well I'd get rid of these muppets for starters!!!

Only 10 weeks to the wife bit...

 

Pretty much, although my mates who are accountants think its hilariously that I;ve been let near numbers