Checklist Favelas

The checklist entered below is a checklist used for Dutch housing projects, but already slightly adapted to the favela dwellings by removing certain topics as technical installations like elevators, central heating and for example sprinkler installations. The interpretation of certain topics will be different for favela dwellings than for Dutch houses (this interpretation will be explained while giving more information per topic), it will also be possible to add more topics during the investigation if this turns out to be needed. The topics that are stated below can help the user to make an analysis and form an opinion on the state and location of the real estate property, which can on their end help to create variables for the valuation excel model. Note that not every subtopic has to be addressed to make a good analysis, it is sometimes very difficult and the time that it consumes is not always in proportion with the retrieved information.     

Common object specifics
- name complex
- number of dwellings per type
         (number of garages (parking places))
         (other rooms)
- year of construction
- lot size (m2)
- size of dwelling per type

Housing market (demand)
- housing regulation by municipality (permit needed?)
- demand for more expensive dwellings
- competition of reference projects
         (other building complexes in the neighbourhood or surrounding area)
         (which type)
         (dwelling size)        
         (size of the rooms)
         (rent levels)
         (location grading)
         (rentability and waiting list)
- marketability of dwelling for renter

Housing market (supply)
- future development in the neighbourhood for the years to come (looking at location, numbers, price range)
- What is the competition of this development with the existing property
- vacancy development in the neighbourhood (where, which type, causes)

Construction
- foundation
- construction
- façade
- roof
- window frame                    (This topic has an overlap with Jasper, extra attention!)
- floors
- stairs
- ceilings
- glazing

Facililties
- schools
- stores
- medical facilities
- public transport
- sport facilities
- public parking spaces
- other facilities

Government
- relation with surrounding municipalities on topics as public housing and local/regional policy
           (is the municipality involved in a collaboration)
           (does the municipality have the regional to house people)
           (is there a limit of what can be build yearly)
- government taxes

Financial
- Market rent value of dwelling (per type)
- vacant value of dwelling (per type)
- market value in rented state (per type)
- land value
- rebuilding value
- sell off value
- rent level
- comparable transactions in the past few years
- determining and founding of exit yield