Housing Options

1. Housing Options

2. Your Lifestyle and Choice of Housing… • How does your lifestyle affect your choice of housing? • . • . • . • Your lifestyle will determine several housing decisions: • . • . • .

3. Opportunity Costs of Housing Choices • What are some opportunity costs to consider when purchasing a home? • . • . • . • . • . • .

4. Renting vs. Buying • Why would you rent a home if you could buy one? • . • . • . • .

5. Renting vs. Buying • Owning property also has advantages • . • . • . • . • Costly but it has financial benefits • . • .

6. Evaluating Housing Alternatives

7. Evaluating Housing Alternatives

8. Housing Information Sources • Where can you research housing options • . • . • . • . • . • . • .

9. Renting a ResidenceSelecting a Rental Unit • What should you know before signing a lease? • “3-bdrm apt., a/c, w/w carpet, pvt back ent, $800 + utilities, ref reqd” • Tenant – • Landlord –

10. Size and Cost • Two-Family house • Apartment complex • . • . • Contain separate living units • . • . • . • On-site conveniences • . • . • . • .

11. Selecting an Apartment

12. Buying and Selling a Home • As a homeowner you will gain financial benefits: • . • . • . • Drawbacks • . • . • .

13. Types of Housing • Single-family Dwellings • . • Multiunit Dwellings • Duplex – • Triplex – • Townhouse • one of many single-family units attached to other units (own outside entrance) • . • . • . • Condominiums • one of a group of apartments that people own instead of rent. • . • .

14. Types of Housing: • Prefabricated Homes • Mobile Homes • .

15. Hiring a Real Estate Agent • . • . • . • .