Study On The Evaluation Of The Hypothetical Development Method Based On The Mortgage Of Building Under Construction

This article from the construction in progress mortgage appraisal goal, station under construction evaluation theory and method of the study of mortgage loans angle on the banks. Firstly, we expounds on some theoretical problems in the mortgage appraisal of real estate, for example, collateral scope should include the unfinished part or not during the whole project under construction or for the range of collateral including the whole land use right or just in the construction has been completed part of assessed land share and etc.Secondly, after compared three commonly used evaluation method and hypothetical development method, draw in the construction mortgage assessment generally cost method and hypothetical development method are more suitable. Then discuss the method theory, the applicability of the formula, and other aspects of hypothetical development method.Thirdly, the hypothetical development method has two kinds of operation method in evaluation, The traditional method and discounted cash flow method. Although it is generally thought that the discounted cash flow method is better than the traditional methods, but theoretically does not exist advantages and disadvantages, is the starting point of different. Because the traditional method in actual operation is simple and easy to use is very extensive, after the causes of the differences in description of two kinds of operation method, the article improved the traditional methods of investment interest and development profits, the improved theory returned on investment in basic and discount discounted cash flow method in the investment income remained relatively consistent. This improvement has the very strong practical significance for the actual operation.