Entrance Ticket What do you think are the largest expenses for families in America? Explain. Hint: https://www.youtube.com/watch?v=gHHp966Q_xs.

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Presentation transcript:

Entrance Ticket What do you think are the largest expenses for families in America? Explain. Hint: https://www.youtube.com/watch?v=gHHp966Q_xs

Average American Family Expenses http://www.creditloan.com/media/uploads/sites/2/2012/06/wheredidthemoneygo.jpg

Agenda 1) Notes on Apartment Hunting 2) Apartment Research 3) HW

Lease: Legally binding contract signed between renter & landlord Can be 1-year, 6-month, month-to-month, etc Tenant: person renting apartment or house Landlord: Owner of apartment or house Security Deposit: money given to landlord before moving in Covers costs of potential damages, unpaid rent, etc. Money is returned at end of lease if no damages

Utilities: refers to bills such as heat, electricity, water, garbage, etc. Always ask what utilities you have to pay for (some can be included in the rent) Sublease or Sublet: someone else lives in your apartment & pays rent when you are not there some contracts allow this, others don’t

What determines house/apartment prices? The Four P’s Proximity to Points of Interest (POI) POI’s = schools, stores, transportation, entertainment, etc. Perceived Quality of Neighborhood Visually appealing? Safe? Excellent schools? Position of apartment/house What floor apartment? Corner house? Particularities of apartment/house Square footage, # of bedrooms/bathrooms, amenities studio: no separate bedroom (one big room) efficiency: smaller version of studio (small appliances)

Size Comparisons

How do I find an apartment? “Apartment for Rent” signs – call and go see it! Online – call and go see it! Rental agencies (may charge a fee) Craigslist, etc. (usually no fee) ANYONE CAN POST ANYTHING ON CRAIGSLIST!!

How to find an apartment Locate and compare 2 apartments in CF, Pawtucket, and/or Providence Complete 2 apartment worksheets http://www.apartmentguide.com/ http://www.apartments.com/ http://www.rent.com/ http://providence.craigslist.org/ Finish for HW

HW (besides research) A rough draft of your second official PEET is due Focus Question: Is college worth it? Due Friday!!!