TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ARCHITECTURE |
| ARCHITECTURE PR. | |
| Code | MIM452 |
| Name | Real Estate Valuation |
| Term | 2025-2026 Academic Year |
| Semester | 8. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 3 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | VK Vocational Knowledge Courses E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ÖZLEM ŞENYİĞİT SARIKAYA |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The aim of this course is to introduce the basic concepts, methods and legal framework used in the field of real estate appraisal theoretically and practically to students studying architecture and related disciplines. Within the scope of the course, students will comprehend the economic, physical and legal aspects of real estate valuation processes and will gain the ability to prepare valuation reports in line with national norms (CMB, BRSA legislation).
Course Content
Basic concepts, methods and legal framework used in real estate valuation.
Course Precondition
No preconditions
Resources
Gayrimenkul Değerleme Esasları Doç.Dr.Hasan BAL
Notes
KARAPINAR, A.; BAYIRLI, R.; ÇINA BAL, E.; BAL, H.; ALTAY, A.; TORUN, S. (2010). Gayrimenkul- Konut Değerleme Uzmanlığı, Gazi Kitapevi, 8. Baskı, Ankara. Açlar, A., Çağlar, V. (2008). Taşınmaz (Gayrimenkul) Değerlemesi, TMMOB Harita ve Kadastro Mühendisler Odası Yayını, Ankara
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Will be able to define and distinguish real estate valuation concepts and basic methods (peer comparison, income and cost approaches). |
| LO02 | Will be able to analyze the legal framework of the real estate appraisal sector in Turkey (CMB, BRSA legislation) and the functioning of the relevant institutions. |
| LO03 | Will be able to read and interpret the basic documents related to title deed, zoning and property rights within the scope of immovable law. |
| LO04 | Will be able to comprehend the reporting process by comparing the valuation principles of residential, commercial and industrial real estate. |
| LO05 | Will be able to explain career opportunities, licensing processes and professional ethical responsibilities for real estate appraisal expertise. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the change and development of architectural examples within historical and cultural processes within local, regional and global frameworks. | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explains the basic principles of service systems consisting of vertical and horizontal circulation elements, installation, infrastructure, communication, security and fire systems. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Uses the knowledge of the development of contemporary carrier systems and carrier system applications in the selection of the structure system based on the principles of behavior of the structure against vertical and lateral loads. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Knows the basic principles of how building elements, building components and building materials come together in design based on their properties. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Evaluates the design knowledge of elements such as environment, people and culture in the function-form relationship in design from a critical and innovative perspective and interprets it at the level of building, interior, immediate surroundings and urban design. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Produces solutions based on the basic principles of lighting, acoustics, insulation, air conditioning and energy use in the design of environmental systems. | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Uses sustainability principles in architectural design decisions to protect natural and cultural resources and to create healthy buildings and settlements. | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Uses digital technologies and three-dimensional models in architectural technical drawing and presentation in order to express the design idea with appropriate methods. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Develops an architectural project with a comprehensive program from the sketch stage to the application project stage (structural and environmental systems, security, partition systems, regulations, etc.). | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Produces designs based on data tools, sample applications, data collection methods, evaluations, definitions and comparisons in the field of architecture. | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Prepares documentation and restoration projects of historical buildings and monuments with the necessary techniques, in accordance with the characteristics of the historical environment. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Independently carries out a study in the field of architecture for which she individually prepares her plan, technical specifications and project. | |
| PLO13 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Takes responsibility individually or as a team member in solving the problems he/she encounters, and manages and plans activities for the development of the employees under his/her responsibility. | 3 |
| PLO14 | Yetkinlikler - Alana Özgü Yetkinlik | In the building production process; It prepares documents (tender, contract, etc.) that can protect the interests of the parties while carrying out professional studies and applications regarding the preparation of the building cost along with the building quantity survey, building cost estimate and work schedule. | 4 |
| PLO15 | Yetkinlikler - Öğrenme Yetkinliği | Uses relevant databases to access information by determining learning needs in the context of professional, cultural and artistic development with the motivation of lifelong learning. | |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Uses design data for sustainability purposes based on social awareness regarding architecture. | 3 |
| PLO17 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | She/he is competent in establishing effective written and verbal communication regarding the field of architecture, monitoring and organizing seminars and meetings related to architecture, preparing projects and following foreign publications based on her/his knowledge of foreign languages. | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Understanding ethical values in architecture, designing for the benefit of society, respecting history and culture, knowing its professional and human responsibilities towards nature. | 4 |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Synthesizes the data it collects by taking into account the effects of human, social and environmental conditions in architectural design and planning processes. | |
| PLO20 | Yetkinlikler - Öğrenme Yetkinliği | Fulfills the role of internship in professional development/the rights and responsibilities of the employer and the intern. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Real Estate and Immovable Concepts | Lecture notes: Basic concepts | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Value and Valuation Definitions | Lecture notes: Value types | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Real Estate Appraisal Sector in Turkey | CMB legislation summary | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Introduction to Real Estate Valuation Methods | Lecture notes: Overview of methods | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Peer Comparison Approach | Sample reports | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Income Approach | Income method principles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Cost Approach | Cost method principles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | Reviewing lecture notes and auxiliary resources | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Real Estate Law: Land Registry, Zoning, Property Rights | Land registry and zoning legislation | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | International Valuation Standards (IVS) | IVS guideline summary | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Residential and Commercial Real Estate Valuation | Sample residential/commercial real estate analysis | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Market Analysis and Investment Decisions | Notes on supply-demand balance | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Real Estate Finance and Collateral Valuation | Fundamentals of finance | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Structure and Content of Valuation Reports | Sample reports | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Appraisal Expertise and Career Path | Knowledge of CMB licensing process | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 16 | Term Exams | Reviewing lecture notes and auxiliary resources | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Reviewing lecture notes and auxiliary resources | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 2 | 28 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 6 | 6 |
| Final Exam | 1 | 16 | 16 |
| Total Workload (Hour) | 78 | ||
| Total Workload / 25 (h) | 3,12 | ||
| ECTS | 3 ECTS | ||