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Need to calculate the land value online? This website offers the possibility to calculate the land value by using the residual capitalization appraisal technique. More...

Pterophyllum scalare

sca·lar
(noun)
A datatype for storing a single value.
The largest and best known species of Angelfish(Pterophyllum scalare).

Welcome to scalar

Welcome to the internetsite of scalar. This site hosts online courses and online applications in the domain of real estate economics. The courses page contains information on the course real estate economics and courses that will be added shortly. The projects page contains a number of working examples of decision supporting applications in the domain of real estate economics. The major advantage of online courses and online applications is that they are independant of operating system and geographic location. So each course and application can be used without a prior installation process from any location (at work, at home, from an internetcafé, etc.) Use on the intranet is also possible.

Courses

The courses page contains information about the online course real estate economics including a free demo lesson. This course will teach you the main principles behind feasibility studies in the domain of real estate. After completing the course you will be able to calculate for yourself whether proposed real estate projects are feasible either from the viewpoint of a project developer, an investor or a municipality. You will be able to calculate the cost price rent, the residiual land value, the maximal investement, etc. The calculations in each lesson are are made both using spreadsheet as the mathematical formulae. Each lesson contains computer generated tasks you can use to make sure you really get an understanding of what the lesson was about.

Aluminium Centre, Netherlands

Photo: Aluminium Centre, Netherlands

Projects

The projects page contains the following decision supporting applciations:

An application to calculate the land value using an appraisal technique called residual capitalization. Instead of using 'rule of thumb'-like calculations (like using the gross rate) the calculation is made using detailed information. The residual land value is also taken into account.

An application aimed at investors and housing associations. Through the use of a Monte Carlo Simulaton the risk involved is quantified. Data is entered using estimates and expected deviations from those estimates After performing the simulation you will be able to judge the risk involved. You can also use the outcome to decide to what extend you want to accept the risk.

An application to calculate how much money should be put aside to cover 'unforeseen' expenses in an investment calculation. Through the use of a Monte Carlo Simulation the risk involved is quantified. Data is entered using estimates and expected deviations from those estimates After performing the simulation you will be able to judge the risk involved and how much money should be put aside to cover unforeseen expenses.

An application thats puts a project development process in a 'chance perspective'. Instead of calculating the profit using estimates, deviations from those estimates are taken into the calculation using a Monte Carlo simulation. This simulation will show you how risky the project is and can be used to determine the probability that a given rate of return is met.

Information

This site is slowly adding pages in English but, in the meantime, please feel free to send us your comments via email.