ARCHITECTURE

dictionary of real estate
terms
glossary of commercial
real estate
dictionary of architecture
and construction
the dictionary of urbanism
Cost
Cost Approach: A method of
appraising property based on
the depreciated reproduction or
replacement cost (new) of
improvements, plus the market
value of the site.
Cost Estimating: In construction,
the act of predicting the total
costs of labor, materials, capital,
and professional fees required to
construct a proposed project.
Cost
The actual dollar amount paid
for a property or the amount
needed to build or improve it at
a specified time in the future.
Cost
Cost of construction: The sum
of all direct and indirect costs
of construction; generally
categorized as equipment costs,
job overhead costs, operating
overhead costs, material costs,
plant costs, and profit.
Cost
Cost Effectiveness Analysis: Comparing
the costs of alternative
ways of producing the same or
similar outputs of a regeneration
program without giving them
monetary value.
Creative
Creative Financing: Any financing
arrangement other than a
traditional mortgage from a
third-party lending institution.
Creative financing devices
include: loans from the seller,
balloon payment loans, wraparound
mortgages, assumption
of mortgage, sale-leasebacks,
land contracts, alternative mortgage
instruments.
Creative
Creative
Creative
Creative Class: Defined by Richard
Florida (2002) as including
people in science and engineering,
architecture and design,
education, arts music and
entertainment, whose economic
function is to create new ideas,
new technology, and/or new creative
content. Around this core,
the creative class also includes
a broader group of creative
professionals in business and
finance, law, health care, and related
fields. These people engage
in complex problem-solving
that involves a great deal
of independent judgment and
requires high levels of education
or human capital.
Design
Design
Design
To compose a plan for a building.
Design
An outline or sketch or plan of the
form or structure of something to
be constructed or carried out; instructions,
particularly in the form
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