Introduction to Property Development Level 3 : Code PCP01
Introduction to Property Development Home Study Course
Level 3 Certificate of Achievement by NCFE
This Property Development distance learning course by UK Learning & Publishing has been designed to provide the student with a clear and concise understanding of the nature of property development, what is involved and how to undertake a successful project.
This course in intended for individuals who are new to property development, those who are interested and want to find out what is involved in property development and for professionals in the trade who simply want to go over the basics. This course allows you to study at your own pace and is designed to develop an interest and understanding of property development, both on a business and personal level.
- What is property development?
- Who are property developers?
- Key job description
- Work Conditions
- Personal Requirements
- How can you benefit from property development?
- Who can develop properties?
- Where to buy property
- Professional involved in Property Development
The credit crunch is explored in the second unit. The author identifies how the credit crunch initiated and how the credit crunch has opened new doors to property investors.
- The Credit Crunch explained
- How can you benefit from the housing market crash?
- Methods to overcome the Credit Crunch
- Become you own estate agent
- Sit it out
- Create several sources of revenue
- A work partner
- Methods of finding finance
- Control your outgoings
- Re-evaluate you property portfolio
- Stay focused and be strong
It is important to carry out desk study, before investing in property, thus, methods of property research are established in unit 3.
- Before you start
- National market v local market
- What types of properties can I buy?
- Where can I find out about what property is available?
- Where to really look
- Land Acquisition
- Finding property to invest
- Do your research
- Local neighbourhood analysis
- flood area check
- Will your project be profitable
It is essential to understand the legal aspect of property, in unit 4 the author explores property and the law, including, conveyancing, knowing your rights and how to sell your property.
- Freehold or leasehold
- Restrictions and covenants
- Selling a property
- Types of surveys
- The legal process
- Gazumping and gazundering
- Knowing your rights
- Project particulars
- What to look out for
- Top tips for buyers and sellers
- Key terms
- What if there's a problem?
- Useful addresses
- Checklist for buying property
- Property and Legal Glossary
Different types of property including listed building are identified in unit 5.
- Where to buy
- How to find a bargain
- Making an offer
- Types of property
- Listed buildings
- When is a building worthy of listing?
- Principles of selection
One of the most key areas of property development is finance. In unit 6, the author explores different methods of finance option available on the market.
- Plan carefully
- Available equity
- Raising funds from family and friends
- Insurance on mortgages
- Loans and overdrafts
- Investment syndicate
- Government and Council schemes
- Shared ownership
- Who is eligible?
- How much does it cost?
- Taxes and fees
- Ongoing monthly costs
- Property cost checklist
Unit 7 establishes plans and drawings for your property.
- Size of family
- Law and the government
- Reasons for building a home
- How to design house plans
- Sample plans
Building regulations are vital when it comes to all aspects of a building. In unit 8 the author analyses what building regulations are and what they cover.
- What are building regulations?
- Why comply with building regulations?
- What building work should comply with building regulations?
- What the regulations cover
- Buildings and building work exempt from building regulations
- How to apply for building regulations approval
- Local authority building control service
- A full plans application
- Building notice
- Approved inspectors' building control service
- Consulting your neighbours
- How building regulations are enforced and how to appeal
- How are the building regulations enforced?
- What happens if you disagree with a local authority's enforcement notice?
In unit 9 we cover planning, which is one of the most important part of developing property.
- Do you need planning permission?
- Learn how to make an application
- The planning process
- Buy to let
- Building a buy to let portfolio
- Do I need permission to rent my property?
- Where to advertise?
- Accommodation Agencies
- Tax implications of renting out property
- Who should pay the Council Tax?
- Do I have to take an inventory of the property?
- Written agreement
- Stamp duty
A successful and well-organized project is the result of excellent project management. In unit 10 the author illustrates project management.
- Who is going to manage your project?
- Managing a project yourself
- Appointing a Project Manager
- The Management Brief
- Questions you should ask yourself
In unit 11 the author covers renovation of property
- Clearing out for a renovation project
- General renovation tips
- Work schedule
- Information you need to gather
- Renovation a bathroom
- Renovating a basement
- Windows and lighting
- Building a home office
- Building a garage
- Construction costs
- Quotes to secure
- Building Regulations
- Gas and electrical
- Energy efficiency
Buying at auction is a popular method of buying property at good value; this is covered in unit 12.
- Do your research
- Auction regulations
- Reconnaissance trip
- Unsold lots
- Set a limit for yourself
- Be dispassionate
Unit 13 identifies the advantages and disadvantages of buying property before it is built.
- What is Off-Plan property?
- Why buy property that hasn't been built?
- Advantages of buying off-plan
- Disadvantages of buying off-plan
- Using a Property Investment Company
- What types of Off-Plan property are there?
- Subject to planning
- 12 month plus build programme
- Buying into an existing development
- Back-to-Back and Assignable Contracts
- Assignable contracts
Marketing your property efficiently is very important in the selling stages; this is covered in unit 14.
- Putting together a marketing strategy
- Tips on a sales strategy
- Advertising on the internet
- 'For Sale' Boards
- Wording your property adverts
- Estate Agents
- Multi agency
There are different rules and regulations for buying property in Scotland and Abroad. The author establishes this difference in unit 15 and unit 16.
- Looking at properties
- Buying property in Scotland
- Pricing of property
- The buying process
- Making an offer
- Buying Property in Ireland
- Buying Process
- Foreign market
- Buying without a lawyer
- Legal Advice
- Financing your property abroad
- Capital gain potential
- Estate Agents abroad
- Safety and security
- Local travel
- Local laws and customs
- Natural disasters
Furthermore, in unit 17 and unit 18, the author covers how to start a business and different types of businesses.
- Where to start?
- Chances for success?
- What will it cost?
- Raising finance
- Government and loan grants
- Know yourself
- How do you want to trade?
- Sole trader
- Limited company
- Advantages of a limited company
- Creating a business plan
- The business description
Finally, in unit 19 and unit 20, the author stresses the importance of recruiting and managing staff effectively.
- Recruiting people you know
- The recruitment process
- The vacancy
- Attracting applicants
- The contract
- Roles of pay
- Training and development
At the end of this course successful learners will be awarded a certificate of achievement by NCFE.
This course has been accredited under an NCFE IIQ Licence and the course measurable learning outcomes have been benchmarked at the level indicated (using Ofqual's Qualification and Credit Framework (QCF) level descriptors) to allow you to consider the depth of study, difficulty, and level of achievement involved.
NCFE is recognised as an Awarding Organisation by the qualification regulators ('regulators') for England, Wales and Northern Ireland. The regulators are the Office of the Qualifications and Examinations Regulator (Ofqual) in England, the Welsh Government and the Council for Curriculum, Examinations and Assessment (CCEA) in Northern Ireland.
NCFE accreditation gives assurance that the content of a training course is of a high standard and meets the rigorous requirements of a national awarding organisation.
NCFE accreditation also gives formal recognition to our courses which result in the 'award' of a certificate of achievement.
This course has been developed by UKDLP Ltd who has been accredited with NCFE's Investing in Quality (IIQ) Licence, which is designed to give formal recognition to an organisation's bespoke courses that fall outside the Qualification and Credit Framework (QCF).
Method of Study
Method of Assessment
The course contains a number of assignments which your tutor will mark and give you valuable feedback on. We call these Tutor Marked Assignments (TMAs). You need only send the TMAs to your tutor for comment, not the self-assessment exercises which are also part of the course to help you gauge your progress.
Length of Course
This course can be taken over a 12 month period but you can complete it as fast or as slow as you wish.
You will have access to a tutor via email who will mark your work and guide you through the course and will assist you with any problems you may have, In addition you will be supplied with a comprehensive Study Guide which will help you through the study and assessment process.
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