The aim of this part of the module is to introduce students to the various forms of funding available for property investment & development. The course will emphasize the changing nature of finance through a discussion of the institutional framework that supports investment activity and how and why funding has developed over the past years.
This Module focuses on the measurement of risk to real estate investments, with an emphasis on investment performance criteria and the techniques used to analyze and finance different types of income producing properties. It takes students through a process where risks can be identified and through an establishment and explains how, by application of policies and procedures, real estate professionals will protect themselves and their clients from the unexpected results that risk provides.
Brief description of aims and content
The course aims to provide the basics of building services as applied to Real Estate Valuation practice. It comprises regulations, laws, installation, maintenance and assessment of services to ensure human comfort. The services include: ventilation, air conditioning, collection and storage of energy, electrical energy, water, fire safety and fire fighting, transportation in buildings etc.The role of individuals and local government to provide these services to people.
2 Learning Outcomes
1. Knowledge and Understanding
Having successfully completed the module, students should be able to demonstrate knowledge and understanding of:
1.1 Laws and regulations in building services.
1.2 Installation and maintenance of services.
1.3 Assessment of services needed in a building.
1.4 Understand the application of some plants and equipments in building services.
1.5 Role of individuals and government in provisions of such services.
2. Cognitive/Intellectual skills/Application of Knowledge
Having successfully completed the module, students should be able to:
2.1 Tentatively evaluate building services work that has been carried out by other professionals.
2.2 Circumstantially select suitable installation methods, emerging building services materials and techniques, and also appropriate technologies in installation and maintenance.
2.3 Identify suitable services for a building function.
3. Communication/ICT/Numeracy/Analytic Techniques/Practical Skills
Having successfully completed the module, students should be able to:
3.1Elaborate services and equipments details applicable to the building services.
3.2 Supervise building services works.
4. General transferable skills
Having successfully completed the module, students should be able to:
4.1 Undertake self learning in building services.
4.2 Produce simple reports
3. Indicative Content
This course covers building services such as water, reticulation, room ventilation and lighting and orientation to ensure human comfort. Topics covered include; regulations, laws, installation, maintenance and assessment of these services whether inside or outside the building. Roles of individuals, local authorities and public entities in providing these services to dwellings. Water and drainage installation and maintenance, liquid and solid waste removal, sources of energy and electricity distribution, fire safety, gas safety and building security. Lifts, escalators, air conditioning, sustainable installation, special needs of the disabled.
4 Learning and Teaching Strategy
The course is delivered mainly through lectures backed up by tutorial sessions and site visits.
The lectures include interactive elements whereby students in groups apply principles to simple problems to ensure their involvement and so gain understanding. Handouts are used so that students can concentrate on the material of the lectures, but with gaps where students either have to fill in or make separate notes.
Problem sheets are given out to students and after time, the problems are discussed in class. Some of the problems will be handed in and then marked by peers to give formative feedback to fellow students.
The site visits and assignments will require the students to undertake some investigation on their own and to develop ideas and apply them. They will also produce a report for each.
5 ASSESSMENT STRATEGY
The assessment strategy is:
- To assess knowledge and application skills through a written examination. The students therefore will not just rely on memory but also show understandings of the principles in application to exam problems.
- To assess practical skills through the report of the site visits and observations.
- To asses self learning through producing and presenting of the reports in groups.
- To assess understanding and application through the assignment whose feedback is given to students in time to allow them to know their weakness or strength.
Assessment Criteria:
- For the examination setting and marking the CST generic marking criteria will be used.
- For the assignment, criteria will be drawn up appropriate to the topic, based on the CST generic marking criteria.
ASSESSMENT PATTERN
|
Component |
Weighting (%) |
|
In-course assessment: |
|
|
Assignment and report (research) |
20 |
|
2 Continuous assessment tests (CAT) |
30 |
|
|
|
|
Final assessment: |
|
|
Examination (2 hour) |
50 |
1. Brief description of aims and content
This Module covers the following areas of interest in real estate: real estate projects, project management techniques. Project initiation: selection, project manager, organisation, planning, conflict and negotiation. Project implementation: budgeting and cost estimation, scheduling, resource allocation, project control. Project termination: project auditing, project termination.
2. Learning Outcomes
1. Knowledge and Understanding
Having successfully completed the module, students should be able to demonstrate knowledge and understanding of:
1.1 Different types of projects in real estate.
1.2 Different project management techniques to plan and control the scope of work.
1.3 Understand the initiation, implementation, termination of a project.
2. Cognitive/Intellectual skills/Application of Knowledge
Having successfully completed the module, students should be able to:
2.1Plan, monitor, control a real estate project.
2.2 Select suitable project management techniques for any project.
2.3 Set up a structure which meets the needs of the projects and people working on the project.
3. Communication/ICT/Numeracy/Analytic Techniques/Practical Skills
Having successfully completed the module, students should be able to:
3.1Identify real estate projects and help in their implementation.
3.2Audit real estate projects
4. General transferable skills
Having successfully completed the module, students should be able to:
4.1 Undertake self learning in project management.
4.2 Produce reports.
3. Indicative Content
This unit aims to describe project management as the application of knowledge, skills, tools and techniques to project activities in order to meet stakeholder’s needs and expectations from a project. Consideration of real estate projects in Rwanda. Project management techniques. General introduction to primary features of a project:
Project initiation: project selection, project manager, project organisation, project planning, conflict and negotiation.
Project implementation: budgeting and cost estimation, scheduling, resource allocation, project control.
Project termination: project auditing, project termination.
4. Learning and Teaching Strategy
The course is delivered mainly through lectures backed up by tutorial sessions and site visits.
The lectures include interactive elements whereby students in groups apply principles to simple problems to ensure their involvement and so gain understanding. Handouts are used so that students can concentrate on the material of the lectures, but with gaps where students either have to fill in or make separate notes.
Problem sheets are given out to students and after time, the problems are discussed in class. Some of the problems will be handed in and then marked by peers to give formative feedback to fellow students.
The site visits and assignments will require the students to undertake some investigation on their own and to develop ideas and apply them.
5. ASSESSMENT STRATEGY
The assessment strategy is:
- To assess knowledge and application skills through a written examination. The students therefore will not just rely on memory but also show understandings of the principles in application to exam problems.
- To assess practical skills through the report of the site visits and observations.
- To asses self-learning through producing and presenting of the reports in groups.
- To assess understanding and application through the assignment whose feedback is given to students in time to allow them to know their weakness or strength
Welcome to the Module EMV 3264-Real Estate Management. This module aims at providing students with knowledge of; basics of property management and planning; property management systems; Real Estate Manager's Responsibilities; Key Lease Terms as well as Challenges and Opportunities of Property Management Profession in Rwanda