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How to locate_a_living_space_power_point_1.9.2.g1[1]


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How to locate_a_living_space_power_point_1.9.2.g1[1]

  1. 1. How to Locate A Living Space
  2. 2. Introduction <ul><li>Needs and Wants </li></ul><ul><li>Determining Housing Costs </li></ul><ul><li>Housing Options </li></ul><ul><li>Locating a Living Space </li></ul><ul><li>Reading an Ad for a Living Space </li></ul><ul><li>Rental Search Checklist </li></ul><ul><li>Completing an Application form </li></ul>
  3. 3. Needs and Wants <ul><li>Space </li></ul><ul><li>Location </li></ul><ul><li>Amenities </li></ul><ul><li>Parking </li></ul><ul><li>Miscellaneous </li></ul>
  4. 4. Space <ul><li>How many rooms are needed? </li></ul><ul><ul><li>Will there be roommates? Monthly charges are typically more affordable when people share the cost </li></ul></ul><ul><li>Size of the rooms (total square feet) </li></ul><ul><li>Number of bathrooms </li></ul><ul><li>Garage </li></ul><ul><ul><li>What is the size of the garage? </li></ul></ul><ul><li>Storage Space </li></ul><ul><li>Yard </li></ul>
  5. 5. Location <ul><li>Distance from work, schools, shopping, laundromat </li></ul><ul><ul><li>Consider the walking/biking distance from school or work </li></ul></ul><ul><ul><li>Minimize transportation expenses </li></ul></ul><ul><li>Neighborhood </li></ul><ul><ul><li>Safety </li></ul></ul><ul><ul><li>Quality of schools, streets, and homes </li></ul></ul><ul><ul><li>Presence of police, fire, and emergency services </li></ul></ul><ul><li>Geographic location </li></ul><ul><ul><li>Urban vs. rural </li></ul></ul>
  6. 6. Amenities <ul><li>Amenities include utilities like heat, electricity, garbage, water, and other features like Internet and telephone service </li></ul><ul><li>Heat- Examples include electric, gas, and radiant </li></ul><ul><ul><li>Different heating sources cost different amounts of money </li></ul></ul><ul><li>Power- Examples include solar, gas, electric, and wind </li></ul><ul><ul><li>Different power sources cost different amounts of money and have different affects on the environment </li></ul></ul><ul><li>Who is responsible for paying each bill? </li></ul><ul><ul><li>Landlord is the person who owns the rental unit </li></ul></ul><ul><ul><li>Tenant , or renter, is the one who rents the property </li></ul></ul>
  7. 7. Parking <ul><li>Location/size </li></ul><ul><li>Number of vehicles allowed (for self and guests) </li></ul><ul><li>Permits needed </li></ul>
  8. 8. Miscellaneous <ul><li>Washer and dryer </li></ul><ul><ul><li>Are hookups or machines provided? </li></ul></ul><ul><li>Dishwasher </li></ul><ul><ul><li>Are hookups or machines provided? </li></ul></ul><ul><li>Smoking </li></ul><ul><li>Pets </li></ul><ul><li>Fireplace </li></ul><ul><li>Hot tub </li></ul><ul><li>Snow removal and lawn maintenance </li></ul>
  9. 9. Determining Housing Costs <ul><li>Important to choose a rental unit one can afford </li></ul><ul><ul><li>Create a spending plan </li></ul></ul><ul><ul><ul><li>Spending plan is a financial statement used to assist in money management and track income and expenses </li></ul></ul></ul><ul><ul><ul><li>Based on this, determine what can be spent on rent and amenities </li></ul></ul></ul><ul><ul><li>Rent is the payment made in exchange for occupying another’s land or property, usually paid to landlord or property manager </li></ul></ul><ul><ul><ul><li>Property manager is a person who works for the owner to find/screen tenants, collect rent, maintain property, and respond to tenants’ needs </li></ul></ul></ul>
  10. 10. Housing Costs continued <ul><li>General rule: Households should spend 30% or less of their net income on housing, not including amenities </li></ul><ul><li>Things to keep in mind when determining costs: </li></ul><ul><ul><li>Determine maximum monthly amount (including amenities) you can afford and stay below that </li></ul></ul><ul><ul><li>Compare the costs of living spaces </li></ul></ul><ul><ul><ul><li>One space may not include amenities in the rent, where another space will. Add in expected costs to compare the two </li></ul></ul></ul>
  11. 11. Housing Costs continued <ul><ul><li>Compare one time costs, like security deposits </li></ul></ul><ul><ul><ul><li>Security deposit is money paid in advance of moving in to be used for repairs beyond normal wear and tear </li></ul></ul></ul>
  12. 12. Housing Options <ul><li>Houses -Single housing units usually surrounded by a yard, varying in size </li></ul><ul><li>Apartments -Sets of rooms on one floor or a building used as separate residence spaces </li></ul><ul><li>Studio apartments- Usually one room with separate space for kitchen and bathroom </li></ul><ul><li>Mobile homes- Manufactured house that is </li></ul><ul><li>capable of being moved </li></ul>
  13. 13. Housing Options Continued <ul><li>Condominiums -Single apartment in a multiple housing structure, that can contain multiple stories, garages, and yards </li></ul><ul><li>Duplexes -Two apartments, situated </li></ul><ul><li>side-by-side </li></ul><ul><li>Rooms -Private rooms located within </li></ul><ul><li>another structure </li></ul><ul><li>Residence halls- Usually located on college or university </li></ul><ul><ul><li>campuses and available for attending students </li></ul></ul>
  14. 14. Locating a Living Space <ul><li>Friends and family members- If in the area you wish to inhabit </li></ul><ul><li>Newspaper Classifieds- Obtain these through newspapers as soon as possible for increased opportunities for the living space you want </li></ul><ul><li>Bulletin boards- Homeowners and property managers post listings this way </li></ul><ul><li>Internet -Great way to start searches from distant locations </li></ul>
  15. 15. Locating a Living Space Continued <ul><li>Yellow pages- Search under “Apartment Rentals” and call apartment or property management offices </li></ul><ul><li>Local Chamber of Commerce- Valuable resource when relocating </li></ul><ul><li>Rental agencies/real estate agencies- Hold postings for rental spaces </li></ul><ul><li>In front of living space- Owners often post a sign when spaces are available </li></ul>
  16. 16. Reading an Advertisement For a living Space <ul><li>Abbreviations are often used in advertisements for living spaces </li></ul><ul><li>BR -Bedroom </li></ul><ul><li>BA -Bathroom </li></ul><ul><li>W/D -Washer/Dryer (may be hookups or machines) </li></ul><ul><li>DW -Dishwasher </li></ul>
  17. 17. Reading an Advertisement Continued <ul><li>NS - No smoking </li></ul><ul><li>NP - No pets (may be negotiable-you may pay more if you have pets) </li></ul><ul><li>F/P -Fireplace </li></ul><ul><li>AC - Air conditioner </li></ul><ul><li>W/S/G -Water, Sewer, and Garbage </li></ul>
  18. 18. Rental Search Checklist <ul><li>Helpful to take a checklist while walking through rental units </li></ul><ul><li>Makes it easy to remember what was liked and disliked from place to place </li></ul><ul><li>May be difficult if one is not able to take a walk through </li></ul><ul><li>A person may be able to take a virtual tour and use the checklist </li></ul>
  19. 19. Completing an Application Form <ul><li>If an individual locates a living space they would like to rent, they should complete an application form </li></ul><ul><li>An application form is a document used to determine if a person’s credit history, financial stability, and references make them a worthy candidate </li></ul><ul><li>All information on this form should be truthful, factual, and answered completely </li></ul>
  20. 20. Application Form continued <ul><li>Before returning the application, a person should ask some questions: </li></ul><ul><ul><li>Is there an application fee? </li></ul></ul><ul><ul><li>If there is a fee, how much is it? </li></ul></ul><ul><ul><li>Will this fee be returned if the application is denied? </li></ul></ul>
  21. 21. Conclusion <ul><li>Prioritize needs and wants </li></ul><ul><li>Determine housing costs </li></ul><ul><li>Locate a living space </li></ul><ul><li>Get ready to move in! </li></ul>