could you help me with this project? please

FINAL PROJECT: FIXER UPPER This case should be interesting to anyone interested in purchasing a house that needs some fixing up. It involves research, procurement, finance, technology, and personal ethics. The main purpose of this case, however, is to help you practice some of the project management skills you are developing as part of your course. (Note: This case is based on a true story!) Part 1: Initiating Background Scenario: Many people today cannot afford to buy a home, including you! Your favorite Aunt Julie, however, has some extra money, and she has been disappointed with the low returns she has been getting on her investments. She knows that many houses are priced to sell, and mortgage rates are low to those who qualify, Julie already bought a second home that she uses as a vacation property, and she is interested in owning more real estate as an investment. She would really like to buy a property and act more like a bank than a landlord. Why should a bank get 4% or more in interest for a loan when she can only get a little over 1% on a savings account? You told her that you would love to stay in the area for a very long time and live in a house, but you could not qualify for a loan yourself. You would be happy to find roommates to help pay rent and help your financial situation, too. Julie agrees to go house-hunting with you, and she is willing to pay up to $350,000 for the right property, including any renovations. (Note that this amount may vary by location. Check with your instructor about the amount for your particular case.) Julie suggests you look for a 3 or 4 bedroom house with at least 2 full bathrooms. She also suggests that you try to find a house that is in a nice area but needs some remodeling, but not more than $40,000 of work, including "sweat equity," meaning the two of you plus some family and friends should be willing to help out without pay. Perform the following initiating tasks for this project. Tasks 1. Research the rental market for single-Family houses in your area or another area where you would like to live and work for a long time. Find at least three references about investing in rental properties and advice on finding a good fixer upper. Prepare a short paper and presentation summarizing your findings 2. Determine a location where you would like to live for at least ten years and where you think your aunt would like to buy a property. Your aunt wants to make sure it's a good investment, so be realistic in determining a property and a location. For example, research the population trends and rental homes available for the area and what's available given the cost and size requirements. Also assume that you will have to find one to three roommates who will help you pay for rent cach month. Document your research and three potential locations in a one-to two-page paper. Try to narrow the locations to a certain part of a city or town, not a whole city. Find five sample houses in each area that meet your aunt's criteria 3 or more bedrooms, 2 or more full baths, good investment potential, under $310,000 before renovations (or your agreed-upon amount). Use a real estate web site like www.zillow.com to find information 3. Prepare a stakeholder register and management strategy for the project. Include yourself and make up names and information for the following: a realtor to aid in bonse-bunting, a bank who will lend lie woney to refinancer bur current home so she can play cash to purchase this investment property, a retratorate ca de alteration work at a great price and friends and family and could be for saw. Assume that your Aunt Julle is very knowledgeable about finances and purchasing and renovating houses but only handy when it comes to painting, She's also very organized and cost- conscious and leads a very busy life. Assume that you have a relative in the area you choose Nick, who can help with a lot of basic renovations on weekends. Assume you will have some Other friends your classmates in this casc) and family who can help with some of the work for free, and you know a few skilled acquaintances an electrician and a plumber) whom you would need to pay for their services, but you think they'd give you a nice discount. Use the templates provided on the companion Website, and review the sample stakeholder register and management strategy in the text. The first three months of the project will involve finding and closing on the property, and the last three months will involve fixing up the property 4. Prepare a project charter for the Fixer Upper Project. Assume the project will take si months to complete and cost about $350,000 (or agreed upon price), that you estimate you will spend $40,000 for renovations, finding renters (preferably two renters), and preparing financial information for you and you ant. Assume the project starts on October 1 and finishes on April 1. Recall that the main project objectives are to find and renovate a house that your Aunt Julie would own but you would live in and be able to rent out one to three rooms Julie has also agreed that she will let you can equity on the house. As she has said to you a few times, "Pretend I'm your banker, and it's your home. You will do all of the renovation planning work, including Creating detailed cost estimates for all of the renovations, preparing a detailed schedule for the tenovations, overseeing renovations, preparing a rental agreement and a strategy for finding renters, and creating a spreadsheet to analyze your "mortgage payments and other financial information. Use the project charter template provided on the companion Website, and review the sample in the text 5. Prepare an initial scope statement for the project Assume that your Aunt Julie is doing the work to find and close on the house, which will take three months and be completed by January 1. The main scope of your work is to plan and oversee the renovations of the house, find tenters, and pecparc a spreadsheet for financial analysis. Your sure wants you to get at least three bids on all major expenses, like the flooring and windows Define key deliverables in as much detail as you can, asking your instructor for guidance if needed. Even though you will not actually find and renovate a house, describe the work as if you were. Assume that the main renovations you will need to do include the following: tent the house to get rid of termites and other insects; rent a dumpster to get rid of a lot of junk in the yard and house, like the old carpet and kitchen materials totally remodel the kitchen (new cabinets, appliances, sink, lights, counter tops, etc.), buy a new furnace washer and dryer, sump pump, and several electrical outlets replace all the windows put in laminate flooring in the entire house (except the bathrooms paint the entire inside of the house, and spruce up the yard by removing some old shrubs, planting flowers, repairing the wooden fence, and leveling and seeding the laran. (Note: If you find an actual property, feel free to change the renovation work as desired.) 6. Complete a draft schedule in Excel for you to work on this case study include all of the Pasks in this case study using the main egonies of initiating planning, executing monitoring and controlling, and closing. Becak down the executing work to what you think is an appeopriate level. The main executing deliverables should be a renovation cost estimate, renovation schedule, rental strategy, and financial spreadsheet. Be sure the WBS is based on the project charter, scope statement, and other relevant information. Estimate how many hours you will spend on each task in the cel file. See the draft schedule template on www.intropen.com 7. Prepare a 10-15 minute presentation to summarize results from the initiating phase of the project. Assume the presentation is for a management review to decide if the project should move on to the next phase. Be sure that all of your project documents are on a website that you share with your instructor for viewing only FINAL PROJECT: FIXER UPPER This case should be interesting to anyone interested in purchasing a house that needs some fixing up. It involves research, procurement, finance, technology, and personal ethics. The main purpose of this case, however, is to help you practice some of the project management skills you are developing as part of your course. (Note: This case is based on a true story!) Part 1: Initiating Background Scenario: Many people today cannot afford to buy a home, including you! Your favorite Aunt Julie, however, has some extra money, and she has been disappointed with the low returns she has been getting on her investments. She knows that many houses are priced to sell, and mortgage rates are low to those who qualify, Julie already bought a second home that she uses as a vacation property, and she is interested in owning more real estate as an investment. She would really like to buy a property and act more like a bank than a landlord. Why should a bank get 4% or more in interest for a loan when she can only get a little over 1% on a savings account? You told her that you would love to stay in the area for a very long time and live in a house, but you could not qualify for a loan yourself. You would be happy to find roommates to help pay rent and help your financial situation, too. Julie agrees to go house-hunting with you, and she is willing to pay up to $350,000 for the right property, including any renovations. (Note that this amount may vary by location. Check with your instructor about the amount for your particular case.) Julie suggests you look for a 3 or 4 bedroom house with at least 2 full bathrooms. She also suggests that you try to find a house that is in a nice area but needs some remodeling, but not more than $40,000 of work, including "sweat equity," meaning the two of you plus some family and friends should be willing to help out without pay. Perform the following initiating tasks for this project. Tasks 1. Research the rental market for single-Family houses in your area or another area where you would like to live and work for a long time. Find at least three references about investing in rental properties and advice on finding a good fixer upper. Prepare a short paper and presentation summarizing your findings 2. Determine a location where you would like to live for at least ten years and where you think your aunt would like to buy a property. Your aunt wants to make sure it's a good investment, so be realistic in determining a property and a location. For example, research the population trends and rental homes available for the area and what's available given the cost and size requirements. Also assume that you will have to find one to three roommates who will help you pay for rent cach month. Document your research and three potential locations in a one-to two-page paper. Try to narrow the locations to a certain part of a city or town, not a whole city. Find five sample houses in each area that meet your aunt's criteria 3 or more bedrooms, 2 or more full baths, good investment potential, under $310,000 before renovations (or your agreed-upon amount). Use a real estate web site like www.zillow.com to find information 3. Prepare a stakeholder register and management strategy for the project. Include yourself and make up names and information for the following: a realtor to aid in bonse-bunting, a bank who will lend lie woney to refinancer bur current home so she can play cash to purchase this investment property, a retratorate ca de alteration work at a great price and friends and family and could be for saw. Assume that your Aunt Julle is very knowledgeable about finances and purchasing and renovating houses but only handy when it comes to painting, She's also very organized and cost- conscious and leads a very busy life. Assume that you have a relative in the area you choose Nick, who can help with a lot of basic renovations on weekends. Assume you will have some Other friends your classmates in this casc) and family who can help with some of the work for free, and you know a few skilled acquaintances an electrician and a plumber) whom you would need to pay for their services, but you think they'd give you a nice discount. Use the templates provided on the companion Website, and review the sample stakeholder register and management strategy in the text. The first three months of the project will involve finding and closing on the property, and the last three months will involve fixing up the property 4. Prepare a project charter for the Fixer Upper Project. Assume the project will take si months to complete and cost about $350,000 (or agreed upon price), that you estimate you will spend $40,000 for renovations, finding renters (preferably two renters), and preparing financial information for you and you ant. Assume the project starts on October 1 and finishes on April 1. Recall that the main project objectives are to find and renovate a house that your Aunt Julie would own but you would live in and be able to rent out one to three rooms Julie has also agreed that she will let you can equity on the house. As she has said to you a few times, "Pretend I'm your banker, and it's your home. You will do all of the renovation planning work, including Creating detailed cost estimates for all of the renovations, preparing a detailed schedule for the tenovations, overseeing renovations, preparing a rental agreement and a strategy for finding renters, and creating a spreadsheet to analyze your "mortgage payments and other financial information. Use the project charter template provided on the companion Website, and review the sample in the text 5. Prepare an initial scope statement for the project Assume that your Aunt Julie is doing the work to find and close on the house, which will take three months and be completed by January 1. The main scope of your work is to plan and oversee the renovations of the house, find tenters, and pecparc a spreadsheet for financial analysis. Your sure wants you to get at least three bids on all major expenses, like the flooring and windows Define key deliverables in as much detail as you can, asking your instructor for guidance if needed. Even though you will not actually find and renovate a house, describe the work as if you were. Assume that the main renovations you will need to do include the following: tent the house to get rid of termites and other insects; rent a dumpster to get rid of a lot of junk in the yard and house, like the old carpet and kitchen materials totally remodel the kitchen (new cabinets, appliances, sink, lights, counter tops, etc.), buy a new furnace washer and dryer, sump pump, and several electrical outlets replace all the windows put in laminate flooring in the entire house (except the bathrooms paint the entire inside of the house, and spruce up the yard by removing some old shrubs, planting flowers, repairing the wooden fence, and leveling and seeding the laran. (Note: If you find an actual property, feel free to change the renovation work as desired.) 6. Complete a draft schedule in Excel for you to work on this case study include all of the Pasks in this case study using the main egonies of initiating planning, executing monitoring and controlling, and closing. Becak down the executing work to what you think is an appeopriate level. The main executing deliverables should be a renovation cost estimate, renovation schedule, rental strategy, and financial spreadsheet. Be sure the WBS is based on the project charter, scope statement, and other relevant information. Estimate how many hours you will spend on each task in the cel file. See the draft schedule template on www.intropen.com 7. Prepare a 10-15 minute presentation to summarize results from the initiating phase of the project. Assume the presentation is for a management review to decide if the project should move on to the next phase. Be sure that all of your project documents are on a website that you share with your instructor for viewing only