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
Advantages
Disadvantages
Renting an Apartment
Renting a House
Owning a House
Owning a Condo

7. Evaluating Housing Alternatives
Advantages
Disadvantages
Renting an Apartment
Easy to move
No tax advantage
Low maintenance responsibility
Limitations on activities
Low financial commitment
Less privacy
Renting a House
See above
Higher utility expenses
More space
Owning a House
Pride in ownership
Financial commitment
Plenty of space
High living expenses
Tax benefits
Limited mobility
Owning a Condo
Fewer maintenance costs
Need to get along with others
Access to recreation
Limited space

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

9. Renting a Residence Selecting 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
Location
Finances
Building
Layout and Facilities
Near school or work
Near place of worship
Near shopping
Near public transportation
Near recreation
Amount of monthly rent
Amount of Security deposit
Cost of utilities
Length of lease
Condition of building and grounds
Parking
Recreation on premises
Security system
Conditions of hallways and elevators
Access to mailboxes
Size and condition of units
Type and control of heating and cooling
Plumbing and water pressure
Condition of appliances
Condition of doors, locks, windows, closets and floors

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

13. Types of Housing Single-family Dwellings Multiunit Dwellings Townhouse.
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.