LVM 202

Course Title: Development Controls and Construction

Prerequisites: None

Number of Units: 3

Course Description: Introduction to the property development process, land use regulation, building construction, sustainability considerations in construction, green buildings and building valuation

Course Objectives:

By the end of the course, the student should be able to:
● Discuss the property development process, including factors that will influence its success or failure;

● Explain concepts of land use planning and discuss their impacts on the real estate market;

● Explain the arrangements and modes for construction;

● Discuss the types of building construction and the elements of buildings that influence their value;

● Discuss the implications of the building code on property development and building construction;

● Discuss the environmental impacts of construction and how these may be mitigated; and

● Value buildings using the Cost Approach.

Course Outline:

Unit 1. Property Development
Module 1. Property Development Process
Module 2. Land Use Regulation and Zoning: Controlling Property Development

Unit 2. Building Construction
Module 3. Construction
Module 4. Understanding Building Construction
Module 5. Building Construction Controls: The Building Code
Module 6. Considerations of Sustainability

Unit 3. Building Valuation
Module 7. Introducing the Cost Approach
Module 8. Estimating Loss in Value: Accrued Depreciation