AIC400 - Residential Property Analysis

Outline info
Semester
School
Last revision date 2018-02-27 21:27:25.753
Last review date 2018-02-27 21:27:25.754


Subject Title
Residential Property Analysis

Subject Description
This subject is intended to give students a working knowledge of the design, construction, and inspection of residential properties. The subject provides students with detailed information on site analysis, neighbourhood analysis, and building design, construction, materials, components, and systems. The material is intended to be introductory in nature; it is important to keep in mind that study for this subject, by itself, does not certify the students as qualified building inspectors or developers of residential properties. The purpose of this subject is not to make students experts in the design, construction, and post-construction evaluation of residential properties - experts and specialists offer each of these services and can provide much more in-depth knowledge of this area than would ever be required of a residential appraiser. This subject offers a practical overview of what architects, engineers, and other specialists must consider when they are designing and constructing residential properties, and offers insight into how these factors affect the value of the real estate asset.

Credit Status
This is a credit subject applicable towards the Appraisal Institute of Canada's CRA and AACI designations, as well as University of British Columbia's(UBC) Diploma in Urban Land Economics. Successful completion of the AIC course components of the program also earn students 50-60 degree credits toward the Bachelor of Business in Real Estate Program (BBRE) offered by the University of British Columbia (UBC) and Thompson Rivers University (TRU).

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Describe the building construction process in general, knowing the participants and the steps involved.

2. Identify the various types of plans and drawings used in residential design.

3. Examine how neighbourhoods are formed and the effect this can have on property value.

4. Examine how site and house planning affect the value of real property.

5. Analyze the various forms of house style and configuration and how these forms affect a house's habitability and value.

6. Discuss the considerations involved in planning functional and aesthetically pleasing houses.

7. Discuss the importance of a building's substructure (foundation) and be familiar with the construction methods for various types of foundations.

8. Explain how the superstructure of a residential building is constructed, including predominant materials and design.

9. Identify the function of a building's envelope system and be able to identify the components of the building envelope.

10. Examine the different types of interiors that are used in residential buildings and the advantages and disadvantages of each in various situations.

11. Demonstrate an understanding of the basics of mechanical, electrical, and plumbing systems for residential properties.

12. Describe how to carry out an inspection of a residential property, knowing the important factors to look for and in particular understanding when additional professional assistance is required.

13. Explain the problems or defects that can occur with residential design and construction, recognize how these affect value, and the methods to remedy them.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
None

Topic Outline

  1. Drawings, Design, and Neighborhood Analysis
  2. Site and House Design
  3. Structure
  4. Building Envelop System
  5. Service Systems
  6. Finishes and Fitments
  7. Exterior and Basement Analysis
  8. Living Area and Attic Analysis, and Residential Inspection

Mode of Instruction
Students learn through classroom lectures and hands-on assignments during classroom hours.  There are homework assignments.  Students must have ready access to a computer with Word for Windows in order to complete homework assignments.  Students have access to computers through the Microcomputer Centre or micro labs where applicable.

Prescribed Texts
Residential Property Analysis, University of British Columbia. Includes a required Workbook.

Note:  Photocopied texts are not permitted.

You may order textbooks directly from UBC, please use the following link and click on the tab "Diploma, AIC Books"
 
https://secure4.sauder.ubc.ca/re_creditprogram/public/bookstore/bookstore1.xhtml

Reference Material
None

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation

Since this is a professional credit course, marking standards reinforce professional practice by demanding legible, neat documents. Material should be grammatically correct as a result of accurate proof-reading, proper spelling and punctuation. Late assignments are penalized at the discretion of the instructor.
 
Students must pass the final examination to pass the course.
 
Absenteeism and Tests
  • Students should be aware that absenteeism will impact on their ability to achieve satisfactory grades.
  • If you are absent for a test or examination due to an emergency (death in the family, motor vehicle accident – not usually a business trip) official documentation must be provided to the Faculty of Continuing Education and Training Program Coordinator’s office, fax number 416-756-4360, prior to the test or examination and no later than the following day.
  • Assignments, tests or examinations missed without official documentation and approval, see previous bullet, result in a grade of zero.
NOTE:
  • A minimum grade of 50% on the final examination and 50% overall in the course is required to obtain a Seneca credit.           
  • Requirements for the UBC Certificate in Real Property Assessment require a minimum grade of 50% on the final examination and a minimum overall grade of 60% in the course.  
  • Requirements for credits with the Institute of Municipal Assessors and the Appraisal Institute of Canada require a minimum grade of 50% on the final examination and a minimum overall grade of 60% in the course
Grading is based on the following marking scheme:
Assignments 10%
Project No. 1 15%
Project No. 2 25%
Final Exam 50%
 
Please keep this document for future reference.  It will be required if you apply to another educational institution and seek advanced standing.

Academic Program Manager:
Emiliano Introcaso

Approved by: Academic Program Manager Emiliano Introcaso