Housing options l.jpg
This presentation is the property of its rightful owner.
Sponsored Links
1 / 17

Housing Options PowerPoint PPT Presentation


  • 245 Views
  • Updated On :
  • Presentation posted in: Home / Garden

Team 11. Housing Options. Bryce Hagen Gamal Burhum Vesna Eng Danny Luu. Buy a Used Home or Build a New Home. A Comparison Based On Financial Conclusions. Scenario. Typical College Graduate First Time Home Buyer Southern California Residence Good Credit $300,000.00 Budget

Download Presentation

Housing Options

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Housing options l.jpg

Team 11

Housing Options

Bryce Hagen

Gamal Burhum

Vesna Eng

Danny Luu


Buy a used home or build a new home l.jpg

Buy a Used HomeorBuild a New Home

A Comparison Based On Financial Conclusions


Scenario l.jpg

Scenario

  • Typical College Graduate

  • First Time Home Buyer

  • Southern California Residence

  • Good Credit

  • $300,000.00 Budget

  • 5.2% 30 Year Loan

  • Sell The Home After 10 Years


Assumtions l.jpg

Assumtions

  • 3.45% Inflation

  • 10.0% Real Estate Return

  • 10 year Analysis


Used house location l.jpg

Used House Location

  • 2408 Ogden St.

  • San Bernardino, CA


Used house details l.jpg

Used House Details

  • 3 Bedrooms, 2 Bathrooms

  • Family Room, Dining Room, Living Room

  • 2 Car Garage

  • 1396 Square Foot House

  • 8700 Square Foot Lot

  • Built in 1966

  • $249,900.00


New house lot location l.jpg

New HouseLot Location

  • 2620 Kern St

  • San Bernardino, CA


New house details l.jpg

New House Details

  • 1400 Square Foot House

  • Built in 2004

  • 9330 Square Foot Lot

  • 3 Bedrooms, 2 Bathrooms

  • Dining Room, Living Room, Family Room

  • 2 car Garage

  • Lot - $26,500.00


Used house initial costs l.jpg

Used House Initial Costs

  • $249,900.00 Purchase Price

  • $4879.00 Closing Costs

  • $531.41 Advance Payments

  • $1540.00 Title Charges

  • $385.00 Miscellaneous

  • $257,235.41 Total Initial Cost

Sell the Home in 10 Years for $650,000.00


New house costs l.jpg

New House Costs

  • $26,500.00 Lot Price

  • $196,000.00 Const. Costs

  • $16,800.00 12 Month Rent

  • $8,826.00 Fees

  • $5,000.00 Architect

  • $253,126.00 Total Initial Costs

Sell the Home in 10 years for $720,000.00


Used home maintenance costs l.jpg

Used Home Maintenance Costs

  • $1,000 / year Maintenance

  • $9,500 Year 2,4 Plumbing Cost

  • $1,500 Year 3, Water Heater

  • $7,500 Year 1, New Roof


New home maintenance costs l.jpg

New Home Maintenance Costs

  • $0 for the First 10 Years


Present worth comparison l.jpg

Present Worth Comparison

  • -$336,635.89 Total Costs

  • $277,591.17 PW of Sale

  • - $59,044.72 PWC New Home

  • -$370,048.62 Total Costs

  • $250,603.14 PW of Sale

  • -$119,445.48 PWC Used Home


Sensitivity analysis l.jpg

Sensitivity Analysis

  • Increased Construction Costs

  • $110 - $200 Sq Ft


Sensitivity analysis15 l.jpg

Sensitivity Analysis

  • Change in Used Home Price

  • $200k – 270k


Internet resources l.jpg

Internet Resources

  • www.builderonline.com – Home Building Tips and Warnings

  • www.home-building-directory.com – Instructions for Building and Contracting

  • www.toolkit.cch.com – Present Worth Analysis


Buy a used home or build a new home17 l.jpg

Buy a Used HomeorBuild a New Home

Any Questions?


  • Login