1 / 10

Finding An Apartment

Finding An Apartment. Chapter 18 Section 3. Finding An Apartment. “Home is where, when you have to go there, they have to take you in” - Gabaldon “Home is where you lay your hat” “Home is where the heart is” “A man’s home is his castle”. Finding An Apartment.

Télécharger la présentation

Finding An Apartment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Finding An Apartment Chapter 18 Section 3

  2. Finding An Apartment • “Home is where, when you have to go there, they have to take you in” - Gabaldon • “Home is where you lay your hat” • “Home is where the heart is” • “A man’s home is his castle”

  3. Finding An Apartment • Independence is defined by living on your own. That usually means your own apartment. • There is housing for every budget • HOUSING will = BIGGEST EXPENSE!

  4. Finding An Apartment • Types of housing • Condominium = low-maintenance, hassle-free • Single-Family Home = privacy, yard • Apartment = independence, starting point

  5. Finding An Apartment • Housing Budget items include: • Rent/Mortgage • Utilities • Homeowner’s/renter’s insurance • Furnishings • Decorating • Maintenance • Housing should be 1/4 of your budget MAX

  6. Finding An Apartment • Other budget items: • Food • Clothing • Transportation • Other essentials

  7. Finding An Apartment • Renting is a good choice for: • Singles • Keeping expenses down • Recent grads (high school or college) • Frequent movers • Disadvantages • No motivation to improve property • Décor and basic furnishing may not be satisfactory • Changes require landlord permission

  8. Finding An Apartment • Advantages of Renting: • Low down payment • Long-term debt is 1-year only • Less expensive than mortgage (usually) • Easier to relocate for opportunities • Landlord is responsible for repairs • Failure to make payments won’t cause loss of investment • Allows you to learn a new community before making an investment

  9. Finding An Apartment • Roommates? • Can cut down on expenses • May cause conflicts (same as those at home) • Do not move in with a best friend! • Chores can be split • Know the tastes, cleanliness & habits of your potential roommate

  10. Finding An Apartment • Key terms • Fluctuating - irregular, unsteady • Tenant/Lessee - person paying rent • Landlord/Lessor - person who owns the rental property • Security Deposit - $ you entrust with the landlord to cover damage you may cause • Lease - Contract for renting property

More Related