Apartment Shopping Mini Project by 43k2WlDf

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									Consumer Math: Apartment Shopping Mini-Project                         Krulewicz 2010-2011

Roommate 1:                                                  Date:                 Period:
Roommate 2:


                 Apartment Shopping Mini-Project
Part I: Apartment Shopping
Directions: Congratulations! You have graduated college, found a job and are moving out of your
parent’s house. You and a friend want to find an apartment together. Find a two-bedroom, at least
one bathroom apartment in the vicinity of Robbinsville, New Jersey (10 mile radius). Once you agree
upon an apartment, print it out (or cut it out) and attach it to this handout.

Then, calculate the cost of renting this apartment for 1 year. How will you spilt the costs?

Monthly rent:

Roommate 1’s Monthly rent:

Roommate 2’s Monthly rent:

Cost per year:

What other bills will you spilt as roommates?




Part II: It Costs How Much?
Directions: In your roommate pairs, research the cost of furnishing your apartment. To determine
costs, use either sale advertisements from your local newspaper or research online shopping sites.
Feel free to add rows and enter in your own items that you would want in your apartment. Be sure to
furnish your entire apartment (if you have 2 bedrooms, you will need 2 beds, 2 sets of sheets, etc.
same things goes with multiple bathrooms). For this activity, assume you are bringing nothing with
you and have to buy EVERYHING.

Use the It Costs How Much Excel spreadsheet (found on my website) to tally the costs. Attach your
completed copy to this handout.

Part III: Roommate Agreement

Directions: You have just rented your first apartment with your roommate. Write your own
Roommate Agreement. This agreement should be typed, 12 size font with 1” margins on all sides. Be
sure to address all aspects discussed below in your Roommate Agreement. Attach your completed
copy to this handout.
Consumer Math: Apartment Shopping Mini-Project                        Krulewicz 2010-2011

Rent
       Is one person going to pay the rent or is each person going to send a separate check to the
        landlord?
       What happens if a person can’t pay?
       Will a person pay extra if he or she gets a parking spot or bigger room?

Bills
       Whose name will be on the bills?
       How will we pay the bills? Will we pay with separate checks or will each person pay the
        person whose name is on the utility bill?
       Does the person have a waterbed or air-conditioner? Will he or she pay more?
       What phone and cable services will you have?

Household Duties
    How often will different areas be cleaned?
    Who will do the cleaning?

Lease or Rental Agreement
    Who will be responsible for property damage?
    How will the security deposit be handled?
    What is the policy for subletting? Do all roommates need to agree on subletting?

Guests
    Are overnight guests allowed?
    How long can a guest stay?
    Where will guests stay?

Activities
    Will there be quiet hours?
    Will parties be allowed? How big will they be and what will be served?
    Will there be limits on how loud the TV and stereo can be played?
    Will there be limits on how long someone can be on the phone?

Sharing
    What items will be shared? Consider telephone, bathroom, and television.
    If items are shared, who will be responsible when something is broken or used up?
    If food is shared, how will the shopping be divided up?

Smoking
   Will smoking be allowed? If so, where?

Pets
       Will pets be allowed? If so, what types and who is responsible?
Consumer Math: Apartment Shopping Mini-Project                  Krulewicz 2010-2011

Roommate 1:                                        Date:                   Period:
Roommate 2:


         Apartment Shopping Mini-Project Rubric
                 Project Part                    Possible Points            Points Earned
Part I: Apartment Shopping
Print out/cut out of apartment                             5
Yearly rent calculations                                   5
List of other costs (besides rent)                         5
Part II: It Costs How Much? Spreadsheet
 All items have cost as well as source                    20
 All calculations are correct and accurate                20
 Handout is attached                                      5
Part III: Roommate Agreement
 Agreement is typed, 12 size font with 1”                 5
    margins on all sides
 Addresses all aspects discussed in                       30
    directions
 Agreement is attached                                    5

                                                 Total Points Earned:                 /100


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