PROPERTY VALUATION PROJECT

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3K220038
Module Leader Steven Latta
School School of Computing, Engineering and Built Environment
Subject Construction and Surveying
Trimester
  • A (September start)

Pre-Requisite Knowledge

Level 2 modules in BSc Property Management and Development

Summary of Content

Live project involving site visits to specific properties. Preparation of property inspection survey and reports. The preparation of detailed valuations and recommendations to client.

Syllabus

Work experience simulation by set project(s) within suitable environments to develop student's social and interpersonal skills, comparative understanding of work procedures and the ability to question concepts. Relation of theoretical aspects of the programme concerning valuation and property management with the professional practice elements of the property industry. Contractual and interpersonal relationships within a general practice surveying environment.

Learning Outcomes

On successful completion of this module the student should be able to:-Aquire applicatory skills and develop personal and social skills by team working and investigative research. (B1-6, C1-3,D14)Understand and apply work disciplines and routines. (C6, D5-7)Understand teamworking, personal relationships and authority. (D12)Understand the professional experience requirements for the Royal Institution of Chartered Surveyors. (C3)Analyse and apply valuation and property management concepts and procedures. (A1-5, B1-6)Apply analytical problem solving techniques to set assignments within a simulated working environment or live project. (A1-5, B1-6, D1-3, D10, D13)

Teaching / Learning Strategy

A student-centred approach will be adopted, underpinned by initial lectures,demonstrations, practicals, guest lectures and interactive sessions.Tutorial sessions through the semester will enable discussion of student progress. Learning and teaching strategies will be developed and implemented, appropriate to students' needs, to enable all students to participate fully in the module.

Indicative Reading

Davidson AW (1989) Parry's Valuation and Investment Tables, Estates Gazette McAllister A (2001) Scottish Law of Leases: An Introduction, Butterworth Millington AF (1994) Introduction to Valuation, Estates Gazette RICS (2001) APC Candidates and Employers Guide, RICS RICS (2001) APC Competencies Guide, RICS Scarret D (1991) Property Valuation: The 5 Methods, E & F Spon Stapleton T (1994) Estate Management Practice, Estates Marshall, H and Williamson, W (1996) Law and Valuation of Leisure Property, Estates Gazette Isaac, D (2000) Property Valuation Techniques, Palgrave Baum, A (2006) The Income Approach to Property Valuation, Estates Gazette Blackledge, M (2009) Introducing Property Valuation, Routledge Fraser, W.D. (1993) Principles of Property Investment and Pricing, Palgrave Baum, A (2007) Property Investment Appraisal, Blackwell Wyatt, P (2007) Property Valuation in an economic context, Blackwell Bond, P (2002) Rating Valuation:Principles and Practice, Estates Gazette Isaac, D (1998) Property Investment, Palgrave Macmillan Gazette www.bpf.org.uk www.rics.org.uk www.servicechargeguide.co.uk

Transferrable Skills

Effective communication: written, graphical and oral (D14). Effective use of IT (D13). Effective time management (D6). Independant and group working within the professional discipline in determining the solutions and collation of data (D1-3, D7, D10, D12). Analytical and appraisal skills. Team working skills. Problem solving skills. Presentation skills.

Module Structure

Activity Total Hours
Independent Learning (FT) 33.00
Lectures (FT) 6.00
Assessment (FT) 20.00
Independent Learning (FT) 99.00
Tutorials (FT) 12.00
Practicals (FT) 30.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 50.00 35% Professional Project 1
Coursework 2 n/a 50.00 35% Professional Project 2