Department of Architecture & Civil Engineering, Unit Catalogue 2008/09 |
AR50134 Property development appraisal |
| Credits: 6 |
| Level: Masters |
| Modular: no specific semester |
| Assessment: CW 100% |
| Requisites: |
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Aims: To seek to:
* Identify the principles of investment with special emphasis on property as an investment medium * Review the process of initiating and undertaking a property development * Examine those evaluation techniques that are appropriate for assessing the investment potential of property development * Identify and examine the components of economic viability studies and the methods of quantifying the economic returns for proposed property development * Explore risk management in the context of property development. Learning Outcomes: After taking this unit the student should be able to: * Describe the characteristics of the property market * Apply the principles of design economics to building design * Select and use a range of investment assessment methods. Skills: Intellectual skills To problem solve through a series of self assessment questions - facilitated and assessed To understand and analysis taught material - taught Professional/Practical skills Ability to apply an appropriate investment assessment method to a 'live site' - taught and assessed Transferable/Key skills To synthesis and critically review taught material - facilitated and assessed To communicate ideas, analyses in writing - facilitated and assessed. Content: Introduction to investment, characteristics of property, the property development process, design economics, evaluating investment alternatives, economic viability studies, equity and debt relationships, risk management. |