Prentice-Hall, Inc.1HousingWeighing the alternatives of renting vs. buying¤ Personal and lifestyle considerations¤ Financial considerations– http://www.kiplinger.com/tools/Houses•Typically single-family, free-standing dwellings • ___________________more space–more space –greater privacy–builds equity• ____________________–maintenance time and costs–repair costs–resale hassles______________•Corporate-owned multi-unit dwellings in which the residents, as shareholders, own stock representative of the value of their unitMonthly homeowner’s feeunit. Monthly homeowner s fee._______________•Multi-unit dwellings; residents have sole ownership of the living space but joint ownership of the land and common areas. Monthly maintenance feeMonthly maintenance fee.Planned Unit Developments (PUDs)•Own home and land it sits on as well as shared ownership of the development. •Monthly homeowner’s fee for maintenance and common expenses. Popular on West Coast.
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