Buy+A+House

BUY YOUR DREAM HOUSE....Or at least what you can afford! Open the form below and save it to our Google Drive (be sure to rename it with your name in the title and move it into your class folder and/or share it with your teacher. Use the form to figure the total cost (monthly payment) of your dream home. Housing Purchase Worksheet

Home is Where The Heart Is housing thoughts

Time for the shopping: use one of the websites below to find a house you //think// you can afford. Be sure to consider the specific city/neighborhood, minimum/maximum home cost, number of bedrooms, baths, etc. [ **__HINT__:** Check your budget spreadsheet ending balance to see how much money you still have to spend. If you have less than $2,000, you may need to find a home that costs less than $250,000. If you have about $1,500 or less, you will need to find a home that costs no more than $150,000--Good Luck!].
 * 1) ** Zillow **
 * 2) ** Realtor.com **
 * 3) ** Trulia.com **
 * 4) ** ReMax **

Now, use this website calculator to determine how much of a house payment you can afford. Then, after you have chosen a house that is in your budget, use the same website calculator to calculate the exact monthly cost of your chosen house. Calculate the house cost You will need the following information to calculate your total house cost:
 * Yearly Home Insurance = $1,000
 * Yearly real estate taxes (from the worksheet)
 * Down payment % [$5,000 down payment divided by of your home= __(move decimal point 2 places to the right)->this is your percentage % down payment)]__

After you input all your costs, click the "**__Calculate__**" button to get your total monthly mortgage cost. Then click "**__Click here to show the calculations__**" to see how this amount breaks down into what you are paying for--> __**Mortgage cost breakdown:**__
 * Principal & interest
 * Property taxes
 * Property insurance (home insurance)
 * PMI--Private Mortgage Insurance (required by bank/lender if you don't have at least a 20% down payment).

Create a 'House' Google slide with the photo of your house and details about the house, including what attributes of the house appealed to you and how it fits your lifestyle, monthly cost, location in the city.


 * Google Slide #5--Housing information requirements: **
 * 1) **Photo of your house**
 * 2) **Why you chose this house (size, location, neighborhood, curb appeal, etc.)**
 * 3) **Details (include as many of these as you can):**
 * 4) **Total cost of house AND monthly cost/payment**
 * 5) **Address of house & year it was built**
 * 6) **Number of bedrooms**
 * 7) **Number of bathrooms**
 * 8) **Square footage of house (size)**
 * 9) **Garage – detached or attached, # of cars**
 * 10) **Basement--finished or unfinished?**
 * 11) **Rooms--Large, eat-in kitchen? dining room? recreation/media room?**
 * 12) **Special features: swimming pool? deck or patio? fenced in yard? hardwood floors? fireplace? air conditioning? new roof/windows??**