MNG91217: Old Farm House Business Case Study - Management Assignment Help

Assignment Task:

Old Farm House Business Case (MNG91217)
You have inherited a century-old farmhouse and acreage in a rural area.  You have visited the site and made an inspection.  The house needs a great deal of repair work to get it marginally liveable.  You have itemized the most important things that need to be done and estimated the time required as shown below.
You plan to use this house for vacations and as a rental property through Airbnb. In fact, your work colleague as already expressed interest in staying over as soon as the property is finished. Your parents have sponsored you with a personal loan of $10,000 - that will give you enough money to buy the supplies and have a spending budget on help from a local contractor and two of his apprentices. You yourself have committed to working 80 hours over your vacation to fix up the house, but you are terrible at carpentry and painting. Your vacation of two weeks starts on Monday the 1st of June, and you prefer to be present when the contractor is on site. Assume you, the contractor and his apprentices all can work up to 8 hrs per day, 5 days per week.
You expect that within 2 years of renting the property you will have earned enough money to repay your parents.

This project aims to renovate the interior and exterior of an old farmhouse under a $10,000 budget to turn it into a rental property for vacationers. A professional contractor is required to undertake carpentry and painting of the premises where a contractor must supply their own labor and tools. All materials for the project will be provided by the renovator.  
Outline of major tasks:
•Purchase supplies
•Hang new curtains
•Repair wooden shutters
•Paint shutters
•Hang shutters
•Repair wooden porch
•Paint porch
•Repair wooden floor
•Sand floor
•Refinish (paint) floor
•Paint ceilings, doors, interior/exterior  walls
•Wash interior/exterior windows 
The above-mentioned tasks are aimed for completion within 10 days dependable on the contractor’s availability to work 8 hours per day, 5 days per week. 

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