PROJECT1 updated.docx - Project 1 BUSI u2013 330 UBC...

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Project 1 BUSI – 330 UBC Sauder School of Real Estate: Real Estate Division Name: Prerna Aman Student Number: 3901789 Due Date: July 3 rd 2019
2 Table of Contents Part A Question 1…………………………………………………………………………….3 Question 2…………………………………………………………………………….4 Question 3…………………………………………………………………………….6 Question 4…………………………………………………………………………….7 Question 5…………………………………………………………………………….7 Question 6…………………………………………………………………………….9 Part B Photographs of the Subject………………...………………………………………….14 Neighbourhood………………………………………………………………………..15 Site Description……………………………………………………………………….17 Zoning & Planning...………………………………………………………………….18 Description of Improvements…………………………………………………………20 Assessment and Property Taxation……………………………………………………21 Addendum A………………………………………………………………………….. Addendum B………………………………………………………………………….. Addendum C………………………………………………………………………….. Addendum D………………………………………………………………………….. References……………………………………………………………………………..
3 PART A ____________________________________________________________________________ Question 1 1. An example from my personal experience when I found myself justifying a value for something is when I decided to invest in myself by enrolling in a certificate program. My goal was to improve my skills in Geographic Information Systems (GIS) over time by taking a variety of courses over a period of 3 years. In the long run, I would be eligible to apply for a variety of positions in a broader range of fields, and possibly complete some freelance work as a second job as well. Despite having to pay a steep price for each of the courses in the certificate program, I justified my decision by applying the principle of anticipation. This principle refers to the price we pay for goods and services is the present worth of the anticipated future benefits we hope to receive from these goods and services. Likewise, the price I paid for the courses in the certificate program is the present cost that will help me improve my technical skills in the long run, being my future benefit. There were many other factors that I had to take into consideration before making the decision of enrolling in the certificate program, such as time and effort as well as questioning my motivations behind it. I realized that I would have to allocate a certain amount of time each week and make sure that I have the ability to focus and be highly motivated in order to complete the program in its entirety within the course of three years, despite having other responsibilities. After considering these factors, I realized the benefits I would receive by completing this program would be outweighed by such costs, therefore resulting in my decision to apply for the program. 2. Another example from my personal experience is deciding on property investments. This has been a long-term goal of mine and I had finally decided that I was ready and able to buy some property along with my partner for investment purposes. However, there were many factors that I had to consider before making an appropriate decision mainly deciding on our price threshold and location. We soon realized that there were various

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