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    Finding An Apartment

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    api-256420160

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    Finding An Apartment

    Uploaded by

    api-256420160
    54 views2 pages

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    finding an apartment

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    Download as docx, pdf, or txt
    54 views2 pages

    Finding An Apartment

    Uploaded by

    api-256420160

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Finding an Apartment Project

    For this project, you will need to decide what features are important to you for finding your first apartment. Imagine
    yourself ready to move out of your parents house or away at college and needing a place to live. Where would you want
    to be? What things do you need and want in an apartment? How much can you afford?

    Background Answer these questions in complete sentences. Change your answers to bold or another color
    1. Where do you want to live and why? (City/country, what state/area?)

    2. Will you be living with a roommate, multiple roommates, or alone? Why?
    I would be living with a roommate so it would be easier to pay the bills.
    3. What are the 5 most important features or amenities of an apartment for you? Use the PDF Apartment Checklist
    for ideas and write 1 sentence for each to explain why it is important.
    Off street parking, water included in rent, garbage included in rent, sewer included in rent

    4. Find TWO apartments that meet many (or all) of your qualifications and fill out the information you can on this
    table.
    apartments.com, forrent.com
    zillow.com or trulia.com just set filters to RENT
    NOT rent.com (you need to make an account)
    Search your college newspapers classifieds section too!

    Qualification Apartment #1 NAME Apartment #2 - NAME
    Location
    Scranton, PA

    Endicott, NY


    Number of
    Bedrooms
    1 1
    Number of
    Bathrooms
    1 1
    Square Footage 450
    Rent amount $475 $480
    Length of lease
    (month/year)
    month 1 year
    List apartment
    features
    Off street parking and laundry on site. Garbage,
    water sewer included.

    Laundry: Shared
    Off street


    Security deposit $475 $480
    Layout of the
    apartment

    Pictures yes yes
    Utilities included
    (water, garbage,
    Garbage, water sewer included. water
    electric, heat, etc.)
    Parking Off street parking Off street
    Pet policies Didnt say No
    Other costs electric electric
    Other interesting
    information

    Roommate(s) or
    Alone
    Yes, 1 Yes 1
    5. Now compare your two options. Which one would you prefer to live in? Why did you decide on this apartment?
    Scranton, PA it looks like a better apartment


    6. Will you be able to afford this apartment?
    a) Assume you earn the median salary for high school graduates working full time - $29,950 per year.
    i. First, find your net income by multiplying your salary by 0.75 = $22,462.50
    ii. Then, find how much you will take home per month by dividing that number by 12 = $1,871.87
    iii. Next, find what you should spend for rent by multiplying that number by 0.30 = $561.56
    iv. Is the rent for the apartment less than what you calculated in the line above? yes
    v. If yes is this a good idea? Why? Yes I would have money left over from the rent
    vi. If no could you afford the apartment with a roommate?
    b) Assume you have the average income of a full-time college student, which is $14,400 according to the
    National Center for Educational Statistics.
    i. First, find your net income by multiplying your income by 0.75 = $10,800
    ii. Then, find how much you will take home per month by dividing that number by 12 = $900
    iii. Next, find what you should spend for rent by multiplying that number by 0.30 = $270
    iv. Is the rent for the apartment less than what you calculated in the line above? no
    v. If yes is this a good idea? Why?
    vi. If no could you afford the apartment with a roommate? yes
    c) Assume you make the median salary of a person in the career field youre interested in. Look up the salary
    on https://www.bls.gov/ooh
    i. First, find your net income by multiplying your salary by 0.75 = _______
    ii. Then, find how much you will take home per month by dividing that number by 12 = __________
    iii. Next, find what you should spend for rent by multiplying that number by 0.30 = ________
    iv. Is the rent for the apartment less than what you calculated in the line above?
    v. If yes is this a good idea? Why?
    vi. If no could you afford the apartment with a roommate?

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