The Bachelor of Science Honours Degree in Property Development and Estate Management
The Bachelor of Science Honours Degree in Property Development and Estate Management (BSc PDEM) Programme is the first of its kind in Zimbabwe. The programme blends property management with property development while centralizing the legal framework within which property transactions takes place. It covers the property development process in its totality embodying all types of property and their management aspects. Unavailability of a degree of this nature at the moment in Zimbabwe creates a vacuum within the built environment fraternity. Whilst some of the available courses in the built environment look at the development process, none is looking at how to deal with the property once the development process has lapsed. This programme is therefore specially designed to fill in this void. Fundamentally, the programme could not have found a better place than within the Faculty of the Built Environment [FOBE]. It blends wellwith already established courses within the built environment like quantity surveying and architecturalstudies. Nationally, only the University of Zimbabwe through the Department of Rural and Urban Planning has introduced a related programme at undergraduate level: BSc Honours Degree in Real Estate Management. Otherwise, people who practise in the property industry are either diploma holders obtained from HEXCO and The Real Estate Institute of Zimbabwe or have attained degrees in this field from outside Zimbabwe. Therefore, besides complementing training offered by the identified local institutions, the BSc PDEM will give an opportunity to our society to develop graduates of the right stature with requisite skills, expertise and knowledge to deal with real property challenges some of which have been a common feature in local newspapers. Besides enrolling post A’ level students, the programme will also offer opportunities for diploma holders to attain degrees in their chosen profession. More importantly, the programme has a wide market given the wide spectrum of the real property industry stretching from central government, local authorities, financial institutions and the property developers.
To be admitted to the Bachelor of Science Honours degree in Property Development and Estate Management, a candidate must meet the following requirements:
Structure Of The Degree Programme
a) The programme will be offered on a full time basis being:
ii) Block Release
b) In both cases the programme shall extend over a period of 4 years.
Examination and Marking Schemes
General Academic Regulations for undergraduate degrees shall apply.
a) Formal examination will be conducted at the end of each semester for all courses with the exception of Property Studies Research Project
b) Each candidate will be required to write a one three-hour paper in each of the courses for which he/she registered in addition to the dissertation.
c) Each course, as well as research project shall be marked out of one hundred percent (100%).
d) Each course as well as research project where applicable shall have its assessment mark for presentation to the Board of Examiners’ meeting.
e) In certain courses such as research project, oral examination may be conducted by Departmental Panel of Examiners
f) Each candidate will be required to satisfy the examiners in the following areas
g) For research project a resubmission period of within three months will normally be required unless where major changes are considered necessary
h) Supplementary examinations will be allowed in accordance with the provisions of the University
i) General Academic Regulations shall apply on marking schemes, carryover, repeat, discontinue and withdraw.
j) On completion of the research project, a candidate will be required to submit two typed and spiral bound copies of the dissertation for assessment.
k) A candidate must pass all taught courses and the research project to qualify for the award of the Bachelor of Science Degree in Property Development and Estate Management.
BLP 1101 Property Development I
Understanding nature and structure of the construction industry, characteristics of the construction industry, actors in the construction industry, actors on a building project, construction industry and the economy, property development process and management, classification of real property, contractual obligations and Environmental Impact Assessments.
BLP 1102 History of Urban Development
City in history, [Palaeolithic, Mesolithic and Neolithic period]. A general survey is made of major development theories and contemporary issues and the characteristics of high, medium and low-income societies that establish contexts for development planning and policy- making. Industrial cities and their problems, urban Legislation, Public Health Act 1848 and 1875, need for urban planning, design concepts [Radburn, neighbourhood concept], the post world war industrial city [modern city], new towns concept. The operations of several cities and metropolitan areas are analyzed
AQS 2109 Statistics
Randomness, probability. Random variables, probability distribution and density function.
AAR 1104 Introduction to Materials and Construction I
An introductory review of the materials used in construction, of their physical properties and characteristics, and the processes they undergo to convert them to building materials.
AQS 1104 Principles of Microeconomics
This course provides a basic foundation for the subject matter of Economics to enable students to prepare themselves to use the concept of rationality to analyzing behaviour at a micro-level. The course includes: Definitions of Economics, Evaluation and Development of socio-economic system, Factors Prices, Pricing and Production Certainty and uncertainty in Economic Theory, Markets and Economic Decision Making.
AQS 1107 Techniques of Gathering Materials, Report Writing and Specification I
Introduction and development of use of exploring source and the preparation of specialised and technical information, document research organisation, format and style. Drafting and interpretation of in-depth technical reports and comprehensive specification in the various forms of surveying, construction and engineering.
PLC 1101 Peace Leadership and Conflict Transformation
BLP1201 Property Accounting
Lectures and discussions accounting for property rentals/commission; cash transfers and disbursements including associated accounting records, reconciliation statement, financial statement, financial reports, cash flow statements, contract accounting, accounting ratios, trading, profit and loss account and stock control procedures. Production of balance sheets, assets and liabilities with particular reference to the real estate industry. Trust accounting, management of trust funds
BLP1202 Introduction to Information Technology and Applications
Coursework based computer aided designs and applications to provide an insight into the use of computers in design and functionality of Modern CAD and GIS integrated systems. Emphasis is placed on the generation and use of software applications in property development and estate management such as MS Project, Primavera, Model Marker, Spreadsheets and so forth. Students should always be kept updated and abreast with IT changes and improvements.
BLP 1203 Architectural Presentations
An introduction to the purpose of architectural designs and drawings. An appreciation of site layout planning, two to three dimensional drawings and their uses. The relationship between scale and degree of details, lettering, hatching, shading and colour detailing and their meanings. The overall elevation and three dimensional presentations in different forms.
AAR 1204 Introduction to Materials and Construction II
A continuation of the course taught in the first semester, with an examination of construction systems, and the ways in which materials are used in construction; and visits to construction sites.
AQS1204 Principles of Macroeconomics
Principles of Macroeconomics builds on principles of microeconomics. It seeks to introduce students on how economic aggregates such as national income, investment, savings, taxation, imports, government expenditure, fiscal and monitory policies/employment and inflation are related to micro-economic behaviour. Emphasis is put on the definition; measurement and inter-linkages of these.
BLP 1204 Construction Law
Principles, purpose and sources of law, law of contract, terms of contracts, contracts formation, general conditions of contract, standard building and civil engineering contract, essentials of a contract, valid and void contracts, recourse and remedies thereto, law of restitution, law of tort, (misrepresentation, negligence, duress, undue influence, trespass, nuisance).
PLC1202 Peace Leadership and Conflict Transformation
BLP 2101 Property Development II
This course builds on what was covered in BLP 1101. Types of properties, detailed property development process and management, construction site management, development site appraisals, feasibility studies, cost-benefit analysis, resources management, cost management, contractual obligations, choosing between capital projects and impacts assessments.
BLP 2102 Property Valuation I
Introduction to property valuation, reasons for valuation, methods of valuation (comparative, residual valuation, contractors’ method investment method), factors affecting property values. Discussions on real property rights/interests and the effect on property values and management
BLP2103 Urban and Estate Planning
The course examines the development planning process and paradigms. These include comprehensive, sectoral, transport, strategic and contingency planning. Development Plans (master and local plans), subdivision and consolidation, incorporations, zoning and development control. It also covers advocacy and lobbying works. The planning theories and models and their influences on the urban space (practice). Problems of urban growth and solutions. Different types of land reforms and tenure systems. The discourses on property development and reforms and institutional economics. It also covers rural properties, rights of access, control and ownership of common properties. Wasteland reclamation, duality approach and compatible modern land use systems.
AAR 2102 Building Construction I
The course examines the construction process and materials used in construction through lectures, case studies and project assignments. Students will be required to study a building under construction and create a portfolio for documenting the project.
AAR 3103 Building Services I
A study of the infrastructural services of water supply, drainage, and sewerage and sewage treatment: electricity: and telephone installations.
BLP 2104 Building Economics
Concepts and techniques of pricing, forecasting and estimating using preliminary methods of estimating [unit, cube superficial, approximate quantities, storey enclosure method] on building projects; Discussions of the fundamental principles and basic techniques used in economic comparisons of various investment options, project appraisals , cost analyses of equipment and facility/property ownership, retirement and replacement, considering the time value for money, discounted cash flow analysis, inflation, depreciation, maintenance and other related costs - principles of engineering/technological economics as they apply to evaluation of construction projects, assets, plant and equipment.
BLP 2105 Property Law I
Property rights and legal descriptions (real vs personal rights, fixtures, minerals, air & water rights; estates in land), Land tenure systems, Legal interests in real property [freehold, leasehold, condominium, etc], landlord and tenant law, private restrictions on ownership (liens, covenants, easements, licences, encroachments), licences in real property, real property sales contract, case laws will be used in the course of study.
BLP 2201 Property Valuation II
Mathematics of valuation, compound interest, present worth (uniform series, dual rate), term and reversionary valuations, Annual sinking fund, capital recovery [annuity $1 will purchase], application of mathematics of valuation to practical valuation of properties.
BLP 2202 Property Law II
Extracts and cases as they relate to the business of real estate: Estate Agency Act, Valuers Act, RTCP Act, Urban Councils Act, Rural District Councils Acts, Deeds Registry Act, Land Acquisition Act, Environmental Management Act, Utilities and Infrastructure related Acts and Commercial and Residential Rent Regulations, Property transactions laws & procedures, commission and other statutory fees.
BLP 2203 Land Economics
Supply and demand of land, location theory, determination of the price of land, rent-earning capacity and land use thresholds, a general pattern of urban land use, the impact of government economic policy objectives on land resources, urban land zoning, subdivisions and consolidations and land values.
BLP 2204 Research Tools and Techniques
Research approaches and design, research topic formulation, data collection methods, objectives setting, hypothesis formulation, data presentation and analysis, research design, ethics in research, sampling techniques, questionnaire design, data gathering techniques, research proposal writing skills, research project documentation and reporting skills. Issues relating to professional communication and academic writing will be covered.
AAR 2202 Building Construction II
The course investigates a range of conventional construction systems, for foundations, walls, suspended floors and roofs. Systems are compared in their timber, steel, masonry, and reinforced and precast concrete. Lectures are supplemented by demonstrations and site visits.
AAR 3203 Building Services II
A study of the integrated mechanism, electrical and telecommunications systems that enable large complex buildings to function efficiently as working environments. Air conditioning, acoustics, lighting, heating and fluid reticulation systems.
BLP 3001 Industrial attachment
One year industrial attachment in compliance with University Regulations and Procedures. Students may be attached to professional Valuers and Estate Agents firms, Estates Department of Local Authorities, Parastatals, Central government, Building Societies and Commercial Banks, Insurance companies, contractors and property developers. This attachment should expose students to practical property development processes and applications, valuation, management and conveyancing experiences. Furthermore, students are expected to use the attachment period to identify potential research areas in preparation for their dissertations in Part IV
BLP 4001 Property Studies Research Project
Lectures and discussions on preparation for dissertations. With the aid of lectures, students will choose topics of their choice and prepare a dissertation individually.
BLP 4101 Property Valuation III
The course applies theories, principles and concepts of valuation to different sectors of real property. Emphasis will be put to practical valuation assignments of office blocks, industrial properties, plant and equipment. Also included in this course is the preparation of a valuation reports, certificates, and calculation of professional fees for valuation using prevailing scale of fees. Risk and uncertainty, investment appraisal, component variables of a valuation.
BLP 4102 Estate Management I
Introduction to property management, estate setting, formation of estates, Lease agreements, Rent regulations in Zimbabwe, Rent determination for retail, residential, industrial, office use; Role of Estate Agents in Property Management; Identification and assessment of building defects; repair and maintenance of buildings; aspects of architectural additions and alterations on buildings
BLP 4103 Property Taxation
General direct taxation and land resources, income tax, capital gains tax, stamp duty, estate duty, tax concessions in special areas, effect of taxation on property transactions. Computations of various forms of taxes and assessing their effect on real estate business
BLP 4104 Project Planning and Management
The course introduces the student to general management principles as applied to construction projects. Areas to be covered include: construction theory and practice, project planning and control, project scheduling, the project manager’s role, project quality management principles, project proposal writing, project appraisal/assessments, project internal and external environment, project procurement requirements and process, project resources management.
BLP 4105 Urban Management
The course focuses on the provision and management of urban infrastructure, housing and related community facilities. These include transport, water, sewage, electricity and communication supply services. Intervening issues; such as waste management, urban agriculture and disaster management systems. Addresses governance, legal and policy frameworks for sustainable urban and land development projects. Considers the paradigm shift from traditional systems to the development and management of sustainable city concepts. Provision and maintenance of urban infrastructure services through the use of Public Private Partnerships (PPP) arrangements. Creation and management of urban institutions & urban governance system.
BLP 4001 Property Studies Research Project
A continuation from the first semester. Students to work under close supervision, undertake presentation and submit final research documents.
BLP 4201 Property Valuation IV
The course builds on the provisions of the previous valuation courses. It intends to prepare the student to the practical realm of valuation of real property as they graduate. The course will focus on advanced valuation of specialized property like hotels, chalets, recreational properties. Also included is statutory valuation (for taxation, compulsory acquisition etc), and deceased estates valuation, valuation of property in a rural setting. More emphasis shall be placed on the legal issues relating to valuation of such properties.
BLP 4202 Professional Practice and Procedure
This course aims to inculcate the expected minimum expectations of a property professional. Class discussions and seminars on ethical procedures, professionalism and duty of care when dealing with other people’s properties and cover issues of corruption and gender in property industry. Professional role of a property valuer and manager and how the property professional should diligently execute his/her professional duties.
BLP 4203 Estate Management II
Understanding property portfolio and its development, investment analysis, principles behind portfolio and strategy, asset-mix ratio, getting tenants for property portfolio, tenant mix. Managing a property portfolio, legal issues related to estate management, insurance regarding real property, maintenance of buildings and common property, property management reports on management of public estates and institutions. Waste, duty of repair, demolition of leased premises & security deposit, achieving habitable premises, premises liability of landlord, landlord and tenant relationship, type of tenancies.
BLP 4204 Property Development Finance
Exploring sources finance for real property development, private versus public sources of capital, cost of capital, types of loans & mortgages to finance real estate, factors affecting financing of real property development, exploring the critical factors in national, regional and local markets that determine real property development opportunities; business and construction cycles, principles of managerial finance focusing on financial markets, planning and control, working capital management and international finance, discussions centred on finding best financial packages for property development, including assessment of market and potential strategies, appraising alternative funding opportunities and estimating debt, cash flow and capital investments appraisal techniques.
BLP 4205 Real Property Marketing
Concept of real estate asset & space markets, pricing of various categories of real estate, principles of marketing, methods/ strategies of marketing real property, property marketing research techniques, real property conveyancing (complete and incomplete buildings), memorandum of agreement, deeds of sale, change of ownership of real property, registration of property, commission and other statutory fees, challenges in marketing of real property.