1. Housing Options Chapter 13, 13.1

2. Types of housing…

3. Your parent’s place Usually free Allows you to save up money for other housing options later

4. Dormitory This is a housing option typically offered while attending college Close to classes, easy to meet people and make friends Cost is usually all inclusive, including food and maintenance Downside? Not much privacy.

5. Apartment Can be inside a building or its own complex (which may offer other amenities) You decide the size (efficiencies are the smallest, duplexes are the biggest) Comes with or without furniture

6. Houses, Condos, and Mobile Homes Renting a house is most expensive option and greatest amount of flexibility (have a pet, most privacy, greatest amount of space). Maintenance of property is typically renter’s responsibility Condo is like an apartment, usually has association fees in addition to mortgage. Amenities are included in monthly fee. Mobile home is transferable to any designated space. Downside is space may not be in city or area desired.

7. Costs of shared housing Rules of behavior Divide responsibilities Have a written agreement