Project ● Each student will simulate, through research, the purchasing of a home.

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Presentation transcript:

Project ● Each student will simulate, through research, the purchasing of a home

Instructions ● 100 points ● Due the day of the final by the end of period ● Poster ● Short 1 min presentation ● Color, organized, follow instructions ● Pay attention to the criteria that each house must meet in order to be purchased

Criteria chart ● to ● In San Fernando Valley ● Minimum ● House 1500 sq ft ● 3 bedrooms, 1.5 bath minimum At least 4 extras ● Fireplace, 3 car garage, pool, bbq, hardwood floors etc.

Instructions 1.Use an ONLINE site to find a home to purchase A. Pick one from the San Fernando Valley 2.Write a short description of the house a. price b. square feet of the inside (the entire lot if available) c. numbers of rooms, bathrooms d. extras: pool, gated entry, security, etc

Instructions 3.Print a picture or pictures of the home 4. Insurance a. Every homeowner needs insurance b. It is required by all lending companies that you must have insurance c. Use the websites provided to find a home

Instructions 4.Mortgage loan ● Go to bankrate.com ● Click on any of the mortgage calulators ● Find and print the 30 year mortgage interest rate ● What are your monthly payments? 5.Place all your information and place in one of the following – Poster

Home Loan and Payments ● Bankrate.com ● 30 year loan/360 months ● 6% interest rate (very low rate) ● Loan payment starts on July 1, 2016

Websites to find a home ● realtor.com ● trulia.com/CA/Los_Angeles/ ● zillow.com/los-angeles-ca/

Websites to find homeowners insurance ● s/ s/ ● statefarm.com/insurance/quotes/homeowners- quote ●