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PPP Business Plan 09 03

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appraisal<br />

4-MARGINAL NOTES<br />

a) The following criteria were applied for the measurement of the areas of the property:<br />

UNI 10750 standard on Real Estate Services. Requirements of Service.<br />

4.4 Criteria for property appraisal<br />

The UNI 10750 standard contains the following criteria for calculating “the surface of commercial<br />

areas”. For further information we suggest considering to purchase the documentation of UNI<br />

standards.<br />

Calculating the surface of the commercial area, depending on whether the real estate it is intended<br />

for residential use or for commercial use (offices, industrial or touristic use) the following should<br />

be considered:<br />

– the sum of passable covered areas including the surfaces occupied by interior and perimeter<br />

walls;<br />

– the weighted averages on surfaces for the exclusive use of terraces, balconies, patios and<br />

gardens;<br />

– the weighted surfaces of appliances (basements, indoor and outdoor car parking areas, boxes,<br />

etc.).<br />

The calculation of the covered surfaces must be based on the following criteria:<br />

a) 100% of the passable surfaces;<br />

b) 100% of the areas within internal non-bearing walls providing separation;<br />

c) 50% of the areas within internal bearing walls and perimeter walls.<br />

In the case of detached and / or single-family buildings, the percentage of point c) should be considered<br />

as 100%. The calculation of the areas referred to in point c) shall not, however, exceed<br />

10% of the sum referred to in points a) and b).<br />

For the calculation of uncovered surfaces, the following weighting criteria are to be used:<br />

25% of uncovered balconies and terraces;<br />

35% of covered balconies and terraces (by covered we mean closed on three sides);<br />

35% of patios and porches;<br />

60% of verandas;<br />

15% of apartment gardens;<br />

10% of villa and cottage gardens.<br />

The indicated percentages may vary according to the particular location of the real estate property,<br />

and to its external surfaces which may be roughly at the same level as the overall external<br />

sur-faces, and which may never exceed 30% of the covered surfaces - except for all those<br />

incremental or decreasing factors that characterize their particular level of environmental quality.<br />

biously the property subject to estimation belongs to the category that would determine a<br />

strong ariation of the aforesaid percentage uotas. oweer the prudential and conseratie<br />

criteria suggested by the property to the professional in charge hae not allowed for timely<br />

adoption.<br />

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