1. Local Market Data: Discuss the current state of the surrounding housing market (which is the area of the properties.) For example, what is the direct distance to shops, to transport, to schools, to the centre of the city and to other significant local land-marks? What are other aspects about the local area which may affect values? (eg: average income of residents, economic land-marks, beaches, traffic levels, status, schools, etc)
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In this section of your report (Task 1) include a map of the area with key local features pinned. Be sure to note elements of the local market/area that would be particularly appealing to short-term-stay guests.
eg; train station, major sports ground, beach, parks, easy city-access, foodie districts, concert venues, etc.
(An image of a key attraction of the local area should be on your cover-page also.)
2. Identify 2 residential properties: one house (free-standing) and also one unit/apartment:
Note: For the unit/apartment you select, the property must have the potential to generate income as a short-term stay property. Eg: via ‘Airbnb’, ‘stayz’ etc.
Discuss the process you took in locating and inspecting each property.
Describe each property including the land and also the building. (See your tutor for a tip on the land.)
Briefly state why the unit could successfully be used for short-stays. Eg: it has secure parking, is close to a train station, has separate access from the street, is close to a popular beach or city-center, etc.
* Include photos (max of 4 photos) of each property; including front view, street view and a key feature,
* include a locational map, including key local amenities and your 2 residential properties also.
If appropriate, you may use the map from Task 1, now with your properties added.
Include any other relevant information (such as over-shadowing by neighboring properties.)
This task is simple in essence so consider different ways to add additional value to your work here.
Consider your presentation and visual style. See the ‘Visual guide’ PPT in the ‘learning resources’ tab of this unit site for report-writing tips. Get Finance homework help today
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