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PURCHASING A CONDO vs HOME

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 Age: 24 Recent Cal Poly Graduate Mechanical Engineer $55,000/yr

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PURCHASING A CONDO vs HOME

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  1. 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)

  2. Scenario # 1 • Ms. Rodriguez • Age: 24 • Recent Cal Poly Graduate • Mechanical Engineer • $55,000/yr • Single!!! • No Children • Retirement at age 55

  3. Scenario # 2 • Mr. Sarabia • Age: 35 • High School Teacher • $25,000/yr • Married • 4 Children • Retirement at age 70

  4. Scenario # 3 • Mr. Abdo • Age: 50 • Brain Surgeon • $158,000/yr • Married • 2 Children • Retirement at age 55

  5. Factors to Investigate • Buyers Income • Resale Value • Maintenance • Insurance • Location • Dependencies

  6. Resources • Internet • Real Estate Consultants • Personal Experiences

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