Property Development (Level 3) Course

Course Structure

The Level 3 award in Property Development is divided into twenty comprehensive modules:

Unit 1: Property market, where to buy and who can develop

• 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?
• Landowners
• Where to buy property
• Professional involved in Property Development

Unit 2: Credit crunch

• 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

Unit 3: Property research

• 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

Unit 4: Legal aspect of property

• Freehold or leasehold
• Conveyancing
• 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

Unit 5: Different types of property

• 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

Unit 6: Finance

• Plan carefully
• Available equity
• Raising funds from family and friends
• Gearing
• Mortgages
• Insurance on mortgages
• Loans and overdrafts
• Investment syndicate
• Grants
• 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: Establish Plans and drawings

• Locations
• Lifestyle
• Size of family
• Environment
• Law and the government
• Reasons for building a home
• How to design house plans
• Sample plans

Unit 8: Building regulations

• 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?

Unit 9: Planning

• Do you need planning permission?
• Learn how to make an application
• The planning process
• Surveys
• Buy to let
• Yield
• 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?
• Insurance
• Written agreement
• Stamp duty
• Saleability

Unit 10: 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

Unit 11: 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
• Decoration

Unit 12: Buying at auction

• Do your research
• Auction regulations
• Reconnaissance trip
• Unsold lots
• Set a limit for yourself
• Be dispassionate
• Persistence
• Checklist

Unit 13: 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
• Snagging
• Using a Property Investment Company
• Checklist
• 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

Unit 14: Marketing your property efficiently

• Putting together a marketing strategy
• Tips on a sales strategy
• Advertising on the internet
• ‘For Sale’ Boards
• Wording your property adverts
• Photographs
• Estate Agents
• Multi agency

Unit 15 & Unit 16: Rules and regulations for buying property

• Looking at properties
• Buying property in Scotland
• Pricing of property
• The buying process
• Valuation
• Making an offer
• Factors
• Buying Property in Ireland
• Buying Process
• Foreign market
• Buying without a lawyer
• Legal Advice
• Financing your property abroad
• Security
• Capital gain potential
• Tax
• Estate Agents abroad
• Bulgaria
• Barbados
• Safety and security
• Local travel
• Local laws and customs
• Natural disasters

Unit 17 & Unit 18: 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
• Partnership
• Limited company
• Advantages of a limited company
• Creating a business plan
• The business description

Unit 19 & Unit 20 : Importance of recruiting and managing staff effectively

• Recruiting people you know
• The recruitment process
• The vacancy
• Attracting applicants
• Selection
• References
• The contract
• Roles of pay
• Benefits
• Training and development

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