Program Overview

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FONDAMENTI DI ESTIMO

Course Description

The course aims to address estimation problems related to urban transformation processes, from the planning phase to the execution phase. The economic evaluation of projects is one of the fundamental aspects for determining the feasibility of an intervention, both at the building and urban scales.

Objectives and Contents

Educational Objectives

The course covers estimation issues related to building and urban transformation processes, from the programming phase to the design and execution phases. In particular, it addresses estimation methodologies:

• the cost of realizing interventions;
• the market value of real estate, with particular reference to the methodologies provided by the International Valuation Standards (IVS).

Detailed Educational Objectives and Learning Outcomes

The objective of the course is to provide theoretical knowledge and operational tools to address and resolve estimation issues related to projects at the building and urban scales. At the end of the course, the student will be able to:

1. recognize the economic values connected to a building intervention (project);
2. identify the main economic variables that determine the formation of costs and market values of a building intervention;
3. select the appropriate estimation methodologies for predicting the costs and market values of a building project;
4. correctly apply the estimation methodologies for predicting the costs and market values.

Prerequisites

No formative prerequisites are required from the student.

Teaching Methods

The educational path is developed according to three levels:

• Frontal lessons in the classroom;
• Thematic insights through the consultation of materials made available online (on Aulaweb of the course) by the teacher;
• Practical activity through the elaboration of an exercise related to an estimate of the cost or market value to be carried out individually or in groups.

Program/Content

The course is divided into two parts: First Part

• Meaning of evaluation and estimation - definition of estimation - estimation postulates;
• Types of costs in construction - Synthetic and analytical estimation methodologies of the cost of a building intervention.

Second Part

• Definition of the market value of a property;
• Direct and indirect estimation methodologies of the market value of a property - Direct comparison - Capitalization of income;
• International Valuation Standards - Estimation approaches - The Market Comparison Approach.

Exercise The student will develop an exercise on one of the following topics:

1. estimation of the cost of realizing a building intervention using synthetic estimation or metric estimate computation;
2. estimation of the most likely market value of a real estate property.

Texts/Bibliography

• Slides of the course lessons (available on AulaWeb and on the Teams platform of the course);
• AA.VV., 1994, Manuale di progettazione edilizia, Hoepli, Milan;
• Forte C., De Rossi B., 1996, Principi di economia ed estimo, ETAS, Milan;
• Gabrielli L., Lami I., Lombardi P., 2011, Il valore di mercato. Note di lavoro per la stima del valore di mercato di un'immobile, Celid, Turin;
• Grillenzoni M. and Grittani G., 1994, Estimo: teoria, procedure di valutazione e casi applicativi, Edagricole, Bologna;
• Michieli I., 1998, Trattato di estimo, Edagricole, Bologna;
• Roscelli R., 2014, Manuale di estimo. Valutazioni Economiche ed esercizio della professione, UTET, Turin;
• Simonotti M., 1997, La stima immobiliare, UTET, Turin;
• Id., 2006, Metodi di stima immobiliare, Dario Flaccovio Editore, Palermo;
• Utica G., 2008, Ingegnerizzazione e gestione economica del progetto, Maggioli Editore, Santarcangelo di Romagna;
• Id., 2011, La stima sintetica del costo di costruzione, Maggioli Editore, Santarcangelo di Romagna.

Teachers and Commissions

PAOLO ROSASCO

Lessons

Start of Lessons

Second semester of the academic year

Lesson Schedule

The schedule of this course can be consulted at the address: EasyAcademy Portal

Exams

Exam Methods

The exam is in written form. The student will have to answer four open questions regarding the topics covered during the course. The test duration is two hours.

Assessment Methods

The assessment of the student's learning of the theoretical and operational tools is developed:

• through the evaluation of the exercise (obligatory);
• through the evaluation of the written test.

The written test will allow evaluating the student's ability to:

• recognize the economic aspects and values to be researched for the solution of estimation issues that arise during the development of a project at the building or urban scale;
• solve estimation issues through the use of the methodologies covered during the course.

The exercise will allow evaluating the student's ability to use the estimation methodologies learned during the course related to the estimation of the cost and market value of a building intervention.

The grade will include the evaluation of the written test and the exercise.

Calendar of Appeals

Date	Time	Location	Type	Notes
12/06/2026	14:30	GENOVA	Written	Aula 1B - Dipartimento DAD
26/06/2026	14:30	GENOVA	Written	Aula 1B - Dipartimento DAD
10/07/2026	14:30	GENOVA	Written + Oral	Aula 1B - Dipartimento DAD
24/07/2026	14:30	GENOVA	Written + Oral	Aula 1A - Dipartimento DAD
11/09/2026	14:30	GENOVA	Written	Aula 5M - Dipartimento DAD

Other Information

Students can, as an alternative to the exercise topics proposed by the teacher, propose applications related to the estimation of the cost or market value related to case studies dealt with in other courses or subject to a thesis. For students in the "Paesaggio" curriculum, the exercise will have as its object the estimation of the cost of a green system proposed by the student.