Housing OptionsChapter 13, 13.1

Types of housing…

Your parent’s place

Usually freeAllows you to save up money for other housing options later

Dormitory

This is a housing option typically offered while attending college

Close to classes, easy to meet people and make friends

Cost is usually all inclusive, including food and maintenance

Downside? Not much privacy.

Apartment

Can be inside a building or its own complex (which may offer other amenities)

You decide the size (efficiencies are the smallest, duplexes are the biggest)

Comes with or without furniture

Houses, Condos, and Mobile Homes

Renting a house is most expensive option and greatest amount of flexibility (have a pet, most privacy, greatest amount of space). Maintenance of property is typically renter’s responsibility

Condo is like an apartment, usually has association fees in addition to mortgage. Amenities are included in monthly fee.

Mobile home is transferable to any designated space. Downside is space may not be in city or area desired.

Costs of shared housing

Rules of behavior

Divide responsibilities

Have a written agreement