PURCHASING A CONDO vs HOME GROUP 2 Salim Abdo (Organizer) Richard Do (Tech) Jacob Helvie (Organizer) Danielle Rodriguez (Tech) Javier Sarabia (Summarizer) Md. Sarker (Summarizer)
Scenario # 1 Ms. Rodriguez Ms. Rodriguez –Age: 24 –Recent Cal Poly Graduate –Mechanical Engineer –$55,000/yr –Single!!! –No Children –Retirement at age 55
Scenario # 2 Mr. Sarabia Mr. Sarabia –Age: 35 –High School Teacher –$25,000/yr –Married –4 Children –Retirement at age 70
Scenario # 3 Mr. Abdo Mr. Abdo –Age: 50 –Brain Surgeon –$158,000/yr –Married –2 Children –Retirement at age 55
Factors to Investigate Buyers Income Buyers Income Resale Value Resale Value Maintenance Maintenance Insurance Insurance Location Location Dependencies Dependencies
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