ECONOMICS HOUSING PROJECT SUBMITTED: MARCH 5, 2012 BY ???????????

EXPLANATION PAGE LOCATION OF YOUR HOME –WHAT PART OF THE COUNTRY EXPLAIN THE TYPE OF HOUSE YOU HAVE. –STYLE(COLONIAL, LOG CABIN, ETC.) NUMBER OF ROOMS –BEDROOMS & BATHROOMS –SPECIAL ROOMS(GAME ROOMS, THEATER ROOMS, SAUNAS)

EXPLANATION PAGE #2 SPECIAL FEATURES –POOL TABLE –EXERCISE ROOM –GAME ROOM –INDOOR POOL –LIGHTING HEATING & COOLING SYSTEMS –SPECIAL TYPE OF FURNACE OR AIR CONDITIONING. –SHOW WHERE ON YOUR FLOOR PLAN IT IS LOCATED

EXPLANATION PAGE #3 LANDSCAPE EXPLANATION –Special landscaping Brick walls Sprinkler systems Specially planted trees, shrubs, bushes Specific buildings/ structures (gazebos, fountains) ALL LANDSCAPING MUST BE SHOWN ON YOUR FLOOR PLAN –USE SMALL ICONS TO DESIGNATE WHAT YOU ARE PLACING. –CREATE A KEY FOR YOUR ICONS.

EXTERIOR VIEW PLACE THE “EXTERIOR VIEW” PICTURE OF YOUR HOME. THIS CAN BE ONE FRONTAL PICTURE OR FRONT AND BACK VIEWS.

FLOOR PLANS Copy of specific floor plans –As seen on internet or a book –In multiple story homes, show plans for all floors. SHOW Any changes to specific rooms –EXAMPLE--Converting a bedroom to an office

Figuring Building Costs II. STUDENTS WILL RESEARCH ON COSTS FOR THE BUILDING: a. Figure approximately $120 for every square foot of building. So a house that is 1900 square feet will cost $228,000 to build. You will not have to figure any property taxes

PER ROOM FURNISHING LIST LIST THE MATERIALS NEEDED FOR EACH ROOM. ALL FLOORS, LIGHTING, AND PLUMBING FIXTURES ARE STANDARD AND INCLUDED IN THE COST OF CONSTRUCTION. –ANY THING SPECIAL IN THESE AREAS WILL NEED TO BE LISTED AND INCLUDED ON THE PURCHASE LIST. EACH ROOM ON THE FLOOR PLAN MUST BE LISTED ON THE PURCHASE LIST.

PER ROOM FURNISHING AND PRICE LIST ROOMBRAND NAME QUANTITY PRICE PER UNITTOT. PRICE KITCHEN TABLEEASTMAN HOUSE 1 $689 $689 CHAIRSEASTMAN HOUSE 5 $50 $250 POTS AND PANSONEIDA 1 SET $200$200 DISHESCORNINGWARE UTENSILSONEIDA SERVICEWAREONEIDA REFRIGERATORFRIGIDAIRE STOVE WESTINGHOUSE MICROWAVESAMSUNG TOASTER BLENDER FOOD PROCESSOR LIVING ROOM SofaBROYHILL 1 $ 1125 $1125

FURNISHING COSTS YOU SHOULD BE ABLE TO SHOW A ROOM BY ROOM COST BREAKDOWN. YOU WILL THEN BE ABLE TO SHOW A TOTAL COST TO FURNISH YOUR HOME.

LANDSCAPING COSTS LIST THE SPECIFIC LANDSCAPE ITEMS, BRAND NAMES WHEN APPLICABLE, PER UNIT AND TOTAL COSTS.

FINANCIAL PAGE. A. LIST BUILDING COSTS –SQUARE FOOTAGE X $120 B. LIST FURNISHING COSTS –TOTAL COSTS TO FURNISH ENTIRE HOME C. LIST LANDSCAPE COSTS –TOTAL LANDSCAPE COSTS GIVE A TOTAL COST. –ADD A+B+C= TOTAL COSTS EXPLAIN LOAN PLAN--(30 YEAR-NO MONEY DOWN FIXED RATE LOAN AT 7% INTEREST. 12 monthly PAYMENTS)

AMORITIZATION SCHEDULE SHOWING THE EXACT COST OF THE LOAN. Loan Calculator Monthly Payment $ Original Loan Amount $250,000 Annual Interest Rate 7% Number of Payments per Year 12 Number of Years 30 Monthly Payment $ Total Interest $348, Total Payments $598,772.24

REFERENCE PAGE SHOW WHAT WEBSITES WERE USED FOR THE FOLLOWING: –HOUSE PLANS –FURNISHING COSTS –LANDSCAPING COSTS –MORTGAGE CALCULATOR