In this lesson students gain a basic understanding of the process and costs involved with home buying. Teaching Objectives: Compare benefits and drawbacks of renting vs. buying a home Develop a knowledge of the home-buying process Understand steps involved in applying for a mortgage Understand and compare various types of mortgages Identify actions to take … Continue reading Buying a Home – Understanding the Process and Costs
Category: Real Estate
Living on you Own – Costs and Budgets
In this lesson students learn about the costs of living on their own. Teaching Objectives: Set up a budget that includes rent, moving expenses, and the expenses associated with setting up a household Understand the rights and the legal responsibilities of a tenant Understand the rights and the legal responsibilities of a landlord Read and … Continue reading Living on you Own – Costs and Budgets
Buying a House
Students learn about buying a house including reasons, financing, and the costs and benefits. Teaching Objectives: Discuss the reasons that people buy. Explain the elements of a mortgage (e.g., down payment, escrow account, due date, late feeds and amortization table). Explore the different types of lenders and housing loans. Recognize other costs associated with homeownership, … Continue reading Buying a House
Renting an Apartment – Costs and Benefits
Students learn about renting and apartment including the costs and benefits. Teaching Objectives: Discuss the reasons that people rent. Explain the elements of a standard lease agreement. Recognize other costs involved in leasing an apartment or house, such as deposits, late fees, and utilities. Evaluate the cost and benefits of renting. Standard 10: The student … Continue reading Renting an Apartment – Costs and Benefits
Housing Alternatives
Students learn about different types of housing. Teaching Objectives: Identify various housing alternatives. Determine local housing options, both renting and buying. Standard 10: The student will explain and compare the responsibilities of renting versus buying a home. Suggested Grade Level 7th – 12th Grade Lesson Excerpt: One of the most significant financial decisions people make … Continue reading Housing Alternatives
