Housing A Place to Call Home.  Types of Housing Your Parent’s Home Dormitories Apartments  Apartment Building or Complex  Large or Small?  Furnished.

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

HOUSING ALTERNATIVES Carl Johnson Financial Literacy Jenks High School.
Housing Options Section 7-1. Renting vs. Buying Renting Appeals to young adults just starting out. Offers mobility (ability to move easily). Good for.
The Difference Between Renting and Owning a Home
Financial Literacy Skills Unit 5: Understanding Investing and Home Ownership.
Stock Market Analysis and Personal Finance Mr. Bernstein Housing Finance, pp March 19-20, 2013.
 ‘Trade-Offs’  Interest › Lost with a down payment/security deposit  Commuting › Driving to work daily › Time vs Cost  Time & Money › Lower/older.
Chapter 9 Buying a Home.
Concepts of Home Ownership. Types of Housing Apartments Apartments Condominiums Condominiums Cooperative Cooperative PUD’s – Planned Unit Developments.
Housing MortgageVocab Advantages True or False.
The Housing Expenditure. Objectives Discuss the options available for rented and owned housing and whether renters or owners pay more for housing. Determine.
ON YOUR WAY HOME A little about buying and owning a Home.
Renting a Place to Live Unit 6: Major Purchases. Three Times To Rent College Temporarily Living There ▫Military ▫Study Abroad Saving Up for a Down Payment.
What you need to know before you rent your first place!
Senior Seminar Mr. Bernstein Housing Finance February 2-4, 2015.
Evaluating Housing Alternatives Section Understanding Business and Personal Law Evaluating Housing Alternatives Section 34.1 Buying a Home Section.
BUYING A HOUSE. Vocabulary  Market value: the highest price that the property will bring on the market  Equity: difference between the market value.
Renting or Owning a Home
Housing A Place to Call Home. Exploding Myths In an apartment, you are free to live any way you want. If you can afford the monthly loan payments, you.
© South-Western Educational Publishing Ch. 21 and 22 Renting vs. Buying a Residence Rent or Buy? The Rental Process The Home-Buying Process.
Housing: A Place To Call Home
Renting vs. Owning The Difference Between Renting and Owning a Home.
Housing Chapter 7 Read Page 130. Roommates - Discuss Living Arrangements  Discuss responsibilities and living habits  Put everything in writing  Look.
Renting vs. Owning Family Economics and Financial Education Take Charge of your Finances.
Benefits Stability Freedom / Flexibility Decorate Pets Tax deduction Equity (Profit) Ownership (outright) Drawbacks Down payment (saving) Value may not.
The Finances of Housing
Stock Market Analysis and Personal Finance Mr. Bernstein Housing Finance, pp April 17-20, 2015.
Renting vs. Owning. Costs of renting Monthly rent Security deposit Utilities – electricity, water, garbage, etc. Renter’s insurance.
H OUSING Housing options. H OUSING OPTIONS What should you consider when you evaluate available housing alternatives? Your lifestyle and finances What.
Rent vs. Buy The Finances of Housing and Real Estate.
 Security deposit – a refundable amount a renter pays in advance to protect the owner against damage or nonpayment.  Mortgage – a loan to purchase real.
Employability--Chapter 29 Mrs. Sorrell.  At home?  With a roommate?  On your own?
Housing Options Chapter 13, Types of housing…
Chapter 32 Real Estate. Home Ownership Types of Homes.
Chapter 9: The Housing Expenditure. Objectives Discuss the options available for rented and owned housing and whether renters or owners pay more for housing.
ECONOMICS Housing Basics. Things to consider… Housing is considered a basic human need. Real Estate is also viewed by many as an investment opportunity.
Renting vs. Owning G1 © Family Economics & Financial Education – Revised March 2009 – Housing Unit – Renting vs. Owning a Home Funded by a grant.
Chapter 5 Owning a Home The Right Place The Right Price Buying Process and Terms Feeling at Home.
Module 10.1 Housing Alternatives. Apartment: a unit of rooms you rent to live in where there is more than one unit in the building House: a single dwelling.
Renting vs. Owning Economics2015.  Housing is the largest personal expenditure (About 1/3 of a person’s income.)  Choosing where to live is based upon.
BUYING AND SELLING A HOME STEP 1 AND STEP 2 PG NAME, TEACHER AND DATE.
Rights and Responsibilities of Renting or Buying a Home.
Renting Vs. Owning What choice will you make?. Show of hands O How many of you plan on owning your own home someday?
Chapter 70 HOUSING AND THE CONSUMER.  Single-family home – provides living space for one family. It is not usually connected to any other building and.
Buying a Home Unit Two—Budgeting Financial Literacy Standard 4 Mrs. Morrey.
Housing Deciding between Renting and Owning a House.
Chapter 9: The Housing Expenditure. Objectives Discuss the options available for rented and owned housing and whether renters or owners pay more for housing.
HOUSING: A PLACE TO CALL HOME CHAPTER 13. YOUR HOUSING OPTIONS 13.1.
Money Trek Project Module 6: Renting & Buying a House
Family Economics and Financial Education Take Charge of your Finances
Housing: A Place To Call Home
29.1 Planning for Housing 29.2 Apartment Living
Question to think about!
a Home ? 10.1 Housing Alternatives .
Stock Market Analysis and Personal Finance
The Housing Decision: Factors and Finances
Real Estate Principles Tenth Edition
Family Economics and Financial Education Take Charge of your Finances
Renting a Residence.
Renting an Apartment You will soon be out on your own, possibly needing to find housing. Today’s lesson will help you understand the many factors that.
Housing: A Place To Call Home
The Finances of Housing
Family Economics and Financial Education Take Charge of your Finances
Financial Literacy Skills
Chapter 7 Housing Finances
Chapter 9: The Housing Expenditure
Chapter 9: The Housing Expenditure
Family Economics and Financial Education Take Charge of your Finances
Family Economics and Financial Education Take Charge of your Finances
Family Economics and Financial Education Take Charge of your Finances
Presentation transcript:

Housing A Place to Call Home

 Types of Housing Your Parent’s Home Dormitories Apartments  Apartment Building or Complex  Large or Small?  Furnished or Unfurnished? Houses, Condos, and Mobile Homes  Shared Housing Costs Agree on Rules of Behavior Divide Responsibilities Make a Written agreement

Advantages  Lower Cost  Less Responsibility  Mobility Disadvantages  Now Ownership  More Restrictions  Shared Space

Advantages Ownership Value Your Own Space Fewer Restrictions Tax Deductible Disadvantages Down Payment High Cost Property Taxes Insurance Restricted Mobility More Responsibility

 How to Find and Evaluate Apartments Budget Trade-Offs  Convenience  Neighborhood  Environment  Size and Condition  Facilities  Pets Where to Find Leads  Newspaper Ads  Internet  Real Estate Agencies  Apartment Managers How to Evaluate an Apartment  The Lease and Moving In Lease Terms: Rights and Responsibilities  Lease Terms  Condition report  Moving Expenses  Packing  Mail  Utilities

 Plan Your Place What Can You Borrow? What Can You Buy Used? How Can You Buy New Affordably?