US residential appraisal criteria (Form 1004 / UAD C1–C6 · Q1–Q6, three approaches, reconciliation) adapted to TBDY 2018, Law 6306 and DASK — then a construction-to-permanent workflow: underwriting, tokenized renewal bonds, inspector-gated draws, completion certificates. Collective imece production cuts cost ~35 % and shares the value-added with the public that built it.
Antakya, Hatay · 1998 · rc frame · Kat Malikleri Kurulu Demo
6 storeys · 24 units · 2,400 m² · land 600 m² · soil ZC · collective company · renewal track
| Item | Subject | COMP-1 | COMP-2 | COMP-3 |
|---|---|---|---|---|
| Sale price | — | 52,244,000 | 51,258,000 | 61,412,000 |
| TRY/m² · m² | 2,400 m² | 22,403 · 2,332 | 24,810 · 2,066 | 25,836 · 2,377 |
| Year · cond · soil | 1998 · C4 · ZC | 2001 · C5 · ZC | 1994 · C4 · ZB | 2008 · C4 · ZC |
| adj. condition | +3,134,600 | -0 | -0 | |
| adj. age | -783,700 | +1,025,200 | -3,070,600 | |
| adj. size | +914,100 | +4,972,000 | +356,500 | |
| adj. soil | 0 | -512,600 | 0 | |
| net / gross | 6.2% / 9.2% | 10.7% / 12.7% | -4.4% / 5.6% | |
| Adjusted price | 55,509,000 | 56,743,000 | 58,698,000 |
QA NoScan 2452 covers a 1998 reinforced-concrete frame building in Antakya, Hatay — 6 storeys, 24 units, 2,400 m², now carrying a high structural risk score of 55.2 and a UAD condition rating of C4/Q4, reflecting visible distress and seismic vulnerability typical of pre-2000 Hatay stock. Three value approaches frame the case. Sales comparison anchors the as-is value at 53,767,000 TRY, based on comparable unrenovated units. The seismic-risk-adjusted figure of 43,390,000 applies a cost-to-cure/risk discount reflecting retrofit or rebuild likelihood and market caution toward high-risk buildings post-earthquake. The as-renewed (prospective) value of 90,000,000 TRY uses an income/cost-to-build approach assuming full reconstruction to current code, with energy performance moving E→B and accessibility rising from 22.5 to 92 — both value-additive under UAD guidance. The risk discount is driven mainly by the 55.2 structural score and C4/Q4 condition, which signal elevated collapse risk and reduced marketability absent intervention. Collective (imece) production cuts renewal cost to 46,618,000 TRY — a 35% saving versus individual contracting — and the resulting value uplift is shared: owners gain equity, while efficient collective delivery reduces public disaster-recovery burden, supporting a B/C of 1.0 and NPV of 28,191,000. Underwriting approves with conditions: loan 39,580,000 TRY, LTV 44%, DSCR 1.34, rate 7.5%. The owner's immediate task is clearing the Halkbank mortgage lien — releasing or subordinating it before any bond issuance.