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Housing Options

Housing Options

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Housing Options

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Presentation Transcript

  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 • . • . • . • .