This course is available in Paper format and Online.
Relocation Relocation, Grand Designs, A Place in the Sun, Location, Location Location: just some of the highly successful property development programmes gracing our TV screens at the moment. Why? Because Property Development is fascinating, and whats more, could make you very rich indeed!
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Property Development Level 3
Course code: PCP01
Delivery method: Paper Based or Online
Course duration: 12 Months
Entry requirements: No prior qualification needed
Award achieved: Certificate of Achievement by ABC
Awarding body: ABC
This Property Development distance learning course by UK Distance 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.
The course is divided into 21 units. Firstly, the author introduces the 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?
- Where to buy property
- Professional involved in Property Development
Recessions and their effects are explored in the second unit. The author identifies how the credit crunch began, and how its aftermath 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 buildings, 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 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 explains the nature of plans and drawings and how they might relate to 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 the planning process, which is one of the most important parts 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 explore the different project management options.
- 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
- 2 month plus build programme
- Buying into an existing development
- Back-to-Back and Assignable Contracts
- Assignable contracts
Buying to let is a popular option for many property developers. Unit 14 covers the different ways this can be managed, and outlines a landlord’s rights and responsibilities.
- The basic guide to buy-to-let
- Making money from buy-to-let
- Funding the right buy-to-let property
- Buy-to-let mortgages
- Finding the right tenant(s)
- Tenancy deposit protection
- Your responsibilities as a landlord
- Landlord management fees
- Landlord Taxes
Marketing your property efficiently is very important in the selling stages; this is covered in unit 15.
- 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 16 and unit 17.
- 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 18 and unit 19, 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
- overnment 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 units 20 and 21, the author stresses the importance of recruiting and managing
- 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 receive a Certificate of Achievement from ABC Awards and a Learner Unit Summary (which lists the details of all the units the learner has completed as part of the course).
The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means that Kendal Publishing Ltd on behalf of UK Distance Learning & Publishing has undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria. The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed by UK Distance Learning & Publishing to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards’ endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government. It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries. As a registered charity, ABC Awards combines 180 years of expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards also offers Ofqual regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK. Regulators for exams and assessments in England and Wales
Paper Based Version
The course comes to you as a paper-based pack delivered by courier.
You will be given guidance through the Study Guide on the nuts and bolts of studying and submitting assignments.
Postal assignments cannot be accepted without prior permission from the tutor.
Our online courses are fully digitised versions of the paper-courses, so you can study on any PC or smart device when connected to the internet.
As with the paper course, your online learning programme is completely flexible, so you can study at a pace that suits you.
All of our online course content is broken down into bite size chunks to make your learning more manageable and effective.
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.
This course can be taken over a 12 month period but you can complete it as fast or as slowly 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.