Building Information Modelling (BIM) for property valuation: A new approach for Turkish Condominium Ownership

Simsek N. C., UZUN B.

SURVEY REVIEW, vol.54, no.384, pp.187-208, 2022 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume: 54 Issue: 384
  • Publication Date: 2022
  • Doi Number: 10.1080/00396265.2021.1905251
  • Journal Name: SURVEY REVIEW
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Academic Search Premier, Environment Index, Geobase, INSPEC
  • Page Numbers: pp.187-208
  • Keywords: Land Share, Condominium Ownership, Building Information Modelling (BIM), 3d Model, Property Valuation, Turkey, LAND, MANAGEMENT
  • Karadeniz Technical University Affiliated: Yes

Abstract

In Turkey, calculation of the factors affecting the value of the condominium units of a building via 2D architectural project data leads to problems. One of the biggest problem is the land share calculation. The aim of this study was to establish a mechanism by which the properties of the factors affecting the value can be determined mathematically and to arrive at a value-based land share. For this purpose, the study utilized a 3D virtual Building Information Modelling (BIM) model. The value factors and weights were determined via a questionnaire, 3D BIM model of the structure was created, metric values of the factors were calculated and the nominal values of the condominium units were calculated. This study demonstrate that a building nonexistent in the real world can be represented in a virtual environment and comparable information source can be presented to the expert who will carry out the valuation process.