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  • Finding An Apartment Project: Background - Answer These Questions in Complete Sentences

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    The document provides guidance for finding an affordable first apartment, including important factors to consider like location, amenities, cost, and roommates. It prompts the reader to research potential housing options meeting their criteria and determine if the rent is reasonable based on expected income from work or school. The reader is asked to consider options like renting with roommates or looking for a less expensive place if alone they cannot afford the rent of a preferred apartment.

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    finding an apartment

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    The document provides guidance for finding an affordable first apartment, including important factors to consider like location, amenities, cost, and roommates. It prompts the reader to research potential housing options meeting their criteria and determine if the rent is reasonable based on expected income from work or school. The reader is asked to consider options like renting with roommates or looking for a less expensive place if alone they cannot afford the rent of a preferred apartment.

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    33 views4 pages

    Finding An Apartment Project: Background - Answer These Questions in Complete Sentences

    Uploaded by

    api-276123292
    The document provides guidance for finding an affordable first apartment, including important factors to consider like location, amenities, cost, and roommates. It prompts the reader to research potential housing options meeting their criteria and determine if the rent is reasonable based on expected income from work or school. The reader is asked to consider options like renting with roommates or looking for a less expensive place if alone they cannot afford the rent of a preferred apartment.

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    © All Rights Reserved
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    of 4

    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?)
    I want to live in New York or maybe California depending on the school I go to.
    2. Will you be living with a roommate, multiple roommates, or alone? Why?
    I plan on living with a roommate because rent in the big cities are super expensive.
    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.
    A/C, Parking, 2 bathrooms, smoke free, Good Wi-Fi connection
    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

    Soma Residences

    Location

    Valencia CA

    San Francisco, CA

    Number of
    Bedrooms

    Number of
    Bathrooms

    Square
    Footage
    Rent amount

    922 Sq. Ft

    675 Sq. Ft - 835 Sq. Ft

    $1,870 - $2,150

    $2,489 - $3,356

    6 months- 13 months

    5-13 months leases

    Air Conditioning
    Ceiling Fans
    Fireplace
    Heating
    High Speed Internet Access
    Smoke Free
    Storage Units
    Washer/Dryer
    Wheelchair Accessible (Rooms)

    Air Conditioning
    Cable Ready
    Ceiling Fans
    Heating
    High Speed Internet Access
    Smoke Free
    Wheelchair Accessible (Rooms)
    Washer/Dryer facilities

    Length of
    lease
    (month/year)
    List
    apartment
    features

    Security
    deposit
    Layout of the
    apartment
    [Insert
    Picture]

    $1,870 - $2,150

    $2,489 - $3,356

    Dishwasher
    Ice Maker
    Kitchen
    Microwave
    Range
    Refrigerator
    1 parking space
    Included in the rent

    Dishwasher
    Disposal
    Microwave
    Oven
    Range
    Refrigerator

    Pet Policies

    Under 50 pounds, and a pet rent


    must be paid.

    No pets allowed

    Other costs

    Application fee of $44

    $35

    Pictures

    Utilities
    included
    (water,
    garbage,
    electric, heat,
    etc.)

    Parking Cost

    $250

    Other
    interesting
    information

    It is close to the school I want to


    attend and it has a balcony

    It is

    Roommate(s)
    or Alone

    I want roommates

    Roommates

    5. Now compare your two options. Which one would you prefer to live in? Why did you decide on
    this apartment?
    The first apartment is cheaper but the second apartment is closer to the school that I really
    want to attend, so I think ill pay the extra amount and go to the second 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 = _______
    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?
    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 = _______
    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?
    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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