Considerations for Living on Your Own for the First Time

Slides:



Advertisements
Similar presentations
Renting an Apartment. Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Financial Freedom – spend less on housing.
Advertisements

DECEMBER 7, 2011 HOUSING DECISIONS. AGENDA Review Decision Making Model Vocabulary Marketing strategies that affect our spending Housing alternatives.
Renting a Residence Section 6-5. Selecting a Rental Unit  A person who rents is called a tenant.  The person who rents the place to you is called a.
The Difference Between Renting and Owning a Home
Renting a Residence. Housing Alternatives You will soon have to make a choice about where to live. You may choose to get a job, live at home with your.
Living Off Campus?.  How much rent can you afford?  Do you need a roommate?  Where do you want to live?  What are your housing needs?
Home Sweet Home Renting and Buying Smart Workshop.
 ‘Trade-Offs’  Interest › Lost with a down payment/security deposit  Commuting › Driving to work daily › Time vs Cost  Time & Money › Lower/older.
Apartment Hunting Checklist Utilities included Parking availability Pets allowed Phone number and address of landlord’s insurance company Change locks.
Lesson 21.1 Housing Decisions
RENTING CALM 20. What is rent? Rent: The payment a tenant makes to the landlord, usually each month, for the right to live in that apartment or house.
Y OU ’ RE O UTTA H ERE ! F INDING THE RIGHT LIVING SPACE FOR YOU.
Housing Options.
3/4/14 “Identity Theft” What are 2 things you can do to prevent identity theft? What are 2 ways to tell that your identity has been stolen? What are 2.
Finding a Place to Live!!! Renting an Apartment. Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Finances- As.
Chapter 21 Renting a Residence.
Housing Options.
LIVING ON YOUR OWN. ADVANTAGES/DISADVANTAGES OF STAYING AT HOME AFTER HIGH SCHOOL.
Y OU ’ RE O UTTA H ERE ! 4.1 F INDING THE RIGHT LIVING SPACE FOR YOU !
Chapter 8: Preserving Your Credit Lesson 8-1: Identifying Financial Issues Learning Goals: Discuss living arrangements and financial issues with other.
Apartments Unit Words to Know. Terminology Tenant – a person who rents an accommodation Tenancy – legal right to occupy a rental Landlord – The person.
Choosing your home.   Housing meets physical needs by giving shelter and a place for belonging and personal activities.  Housing meets emotional needs.
Questions to Ask Before you Move Out and Signing the Lease.
Renting & Leasing Unit Two—Budgeting Financial Literacy Standard 4 Mrs. Morrey.
“That, of course, is the question. Why buy the cow when you can have the milk? Or the house when you can just rent?” -Raoul Relder Copyright © eNestEgg.
Renting a Place to Live The Rental Agreement. What You Will Learn How to describe some of the common covenants found in a lease How to describe some of.
LAW IN AMERICAN SOCIETY RENTING AN APARTMENT. 1.tenant: person who rents the space 2.landlord: the person who owns the space.
OPERATIONS MANAGEMENT STRATEGY 1. PRODUCT CHOICE 2. PROCESS CHOICE 3. FACILITIES CHOICE 4. QUALITY CHOICE.
The Rental Agreement Section Understanding Business and Personal Law The Rental Agreement Section 33.1 Renting a Place to Live Section 33.1 The.
Housing terms Independent Living. Life cycles Beginning- two people form a family unit Developing- last child starts school Launching- departure of children.
Renting vs. Buying Housing
MYPF 21.1 Housing Choices 21.2 The Renting Process
Workshop #5 Off-Campus Housing Options
Money Trek Project Module 6: Renting & Buying a House
Lesson 12.2 The Renting Process
Housing Search What It Can Mean to You.
MYPF 21.1 Housing Choices 21.2 The Renting Process
Family Economics and Financial Education Take Charge of your Finances
29.1 Planning for Housing 29.2 Apartment Living
Renting vs. Buying Daily Objective: Share Universal Design findings. Discuss and analyze factors involved in Renting and Buying homes. Bell Ringer: Once.
College lesson two living on your own presentation slides 04/09.
Objective 2.02 ANALYZE financial and legal aspects of renting.
Teens lesson four living on your own.
Question to think about!
Entrance Ticket What do you think are the largest expenses for families in America? Explain. Hint:
Family Economics and Financial Education Take Charge of your Finances
Finding A Place To Live.
The success of this program depends on the support YOU provide
Renting a Residence.
Renting your First Apartment
Location Location Location
Living on your own.
Objective 2.02 ANALYZE financial and legal aspects of renting.
Personal Finance Quiz Mortgage vs Rent.
How Much Will It Cost? And Can I Afford It?
LIVING On Your Own.
The Finances of Housing
Major Expenditures: Housing, Transportation and Food
The Difference Between Renting and Owning a Home
Family Economics and Financial Education Take Charge of your Finances
FEFE Take Charge of your Finances
Chapter 7 Housing Finances
Teens lesson four living on your own presentation slides 04/09.
Family Economics and Financial Education Take Charge of your Finances
College lesson two living on your own presentation slides 04/09.
Family Economics and Financial Education Take Charge of your Finances
Lesson 21.1 Housing Decisions
Teens lesson four living on your own presentation slides 04/09.
Family Economics and Financial Education Take Charge of your Finances
Teens lesson four living on your own presentation slides 04/09.
Presentation transcript:

Considerations for Living on Your Own for the First Time Moving Out Considerations for Living on Your Own for the First Time

A Place of My Own As adolescents grow up, a common goal is to “live on their own.” However, their expectations can be unrealistic: making it on your own takes money, determination, and planning. Where should I live? How much can I afford to pay for rent? What are the monthly costs for living in an apartment? These questions – along with a variety of other factors – should be addressed before committing to moving out on your own.

A Place of My Own Read the article that you have been assigned, highlighting its key points. Find the other students in the class who had the same article as you. Working as a group, answer the questions that pertain to your article. Find the other students in the class who have the same letter as found at the top of your article. Share your answers from the article you read, explaining each response thoroughly. Ensure that you have complete, accurate answers to every question on your worksheet. Hand in your worksheet when you’re finished.

Understanding Your Lease Now that you are aware of the components of a lease, as well as the rights and responsibilities of both tenants and landlords, you will spend some time reviewing two examples of leases to determine the pros and cons of each. Ensure that, when responding to the questions associated with each lease, you provide complete answers that explain how you knew the information (ie., take evidence from the lease itself to justify your response). Be prepared to share your answers with the class.

Choosing an Apartment Deciding where to live is an important task when first moving out. Spend some time researching apartments in the Peterborough area online, and then compare two. For each apartment, consider . . . Location Proximity to place of employment, school, place of worship, grocery store, public transportation, parks, etc. Building Exterior Condition of the building and grounds, availability of parking, potential recreation facilities, etc. Building Interior Exits, security, hall maintenance, condition of elevators, access to mailboxes, etc. Apartment Layout and Facilities Condition, size, number of closets, carpeting, appliances, type of heat, air conditioning, plumbing, water pressure, storage area, room size, doors, locks, windows, etc. Financial Aspects Rent amount, length of lease, security deposit, utilities, other costs.