In a depreciated replacement cost procedure, the value of the plot and separately the value of the building based on construction cost under consideration of age related depreciation and eventual repair reduction will be calculated. The depreciated replacement cost procedure will be applied mainly for self used properties:

• Single-family Houses
• Double-family Houses

In income capitalisation procedure, the value of a property is mainly determined by the achievable realty profit. The income capitalisation procedure will be applied to developed real estate, which are used to make profit through renting and/or leasing, exclusively for commercial property:

• Plots for Apartment Houses
• Plots for Commercial Use
• Office Buildings
• Shopping Complex
• All purpose Plots
• Garages
• Hotels

The direct comparison procedure is mainly applied to undeveloped real estate. Pre-requisite is that the purchase price of suitable reference properties in adequate number are known and that a sufficient comparison of properties is available. Generally, the standard ground value published by the city will be applicable. In case of all value relevant criteria have a maximum concurrence; the direct comparison procedure is also suitable for:

• Ownership Flats
• Town Houses
• Double Houses
• General Housing estate

The residual method procedure is mainly applied by project developers and is used to calculate the economically presentable properties resp. building value during project development.

The residual value procedure functions according to following scheme: