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Housing Portfolio

This document provides information about Svetlana Dowding's Family Life Management & Family Economics course at Cyril Potter College of Education. It discusses various topics related to housing, including the differences between houses and homes, individual housing needs, distinguishing features of 15 types of houses, points to consider when choosing a house, and ways of acquiring a house such as renting, buying new or older houses. The document contains detailed information on housing topics to help students in their coursework.

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Daniel Dowding
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0% found this document useful (0 votes)
416 views18 pages

Housing Portfolio

This document provides information about Svetlana Dowding's Family Life Management & Family Economics course at Cyril Potter College of Education. It discusses various topics related to housing, including the differences between houses and homes, individual housing needs, distinguishing features of 15 types of houses, points to consider when choosing a house, and ways of acquiring a house such as renting, buying new or older houses. The document contains detailed information on housing topics to help students in their coursework.

Uploaded by

Daniel Dowding
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 18

Name: Svetlana Dowding

Course: Family Life Management & Family Economics


Lecturer’s Name: A. Griffith
Institution: Cyril Potter College of Education
Cohort: 2019-2021
Class: PV1B
Acknowledgement
The completion of this portfolio would not have been possible without the help of a few
persons. Frist I would like to thank God for guiding me and keeping me in safety keep. Also,
thanks to Miss Griffith for guiding me to the successful completion of this portfolio.
Introduction
The researcher would have shed light on various aspects on Housing. In this portfolio you will
gain knowledge on the features of different types of houses, advantages and disadvantages of
owing a house and lots more.
Housing as a basic need
Housing provides the physical structure that serves as living quarters for individuals and
families. Housing may comprise single or multiple dwellings which may be mobile or stable,
located in different areas. Housing is important to the needs of individuals and families because
it does the following.

 Provides apace for the activities of living;


 Is the headquarters for the unit formed by family living;
 Provides safety and protection;
 Provides privacy for family member, creativity, a sense of place, and a concept of self;
 Creates a feeling of relatedness to other systems.
What is the difference between a house & a home
House refers to a building/structure in which someone lives whereas a home is a safe haven
and a comfort zone. A place to live with our families and enjoy with friends. A place to build
memories as well as a way to build future wealth. A place where we can truly just be ourselves

Individual needs of a house


Social needs

 Love
 Acceptance

Emotional Needs

 Provides privacy
 Ownership
 A sense of belonging

Physical needs

 provides protection
 Provides shelter
 Provides safety
 Provides comfort
Types of Housing
Distinguishing Features
1. Cottage- a one storey house (ground floor only) with rooms and all the other amenities
for living- somewhat like a bungalow.

2. Bungalow- a one storey house usually low and with a wide veranda. Bungalow means
‘House’ in hindi, and the bungalow style was first developed in bangal, India.

3. Town House- a self-contained two-storey house attached to similar houses in a row,


usually with bedrooms upstairs and living and other facilities downstairs. Townhouse
living has become popular in cities especially where land space is limited.
4. Duplex- two separated independent cottage-like houses joined together by a single wall
or by a carport.

5. Apartment- a separate, self-contained unit with all convenience (living, dining, sleeping)
on one floor. An apartment building may have several storeys. Like townhouse,
apartment swelling is now a popular choices especially for small families.
6. Condominium- an apartment building in which each unit is self-contained and
independent but, in addition, includes services such as restaurant, barbershop,
boutique, and flower shop in the same building or within the same compound. In certain
West Indian islands both apartment building and condominium are guided by the Strata
Plan Act which sets out the rules and regulations for their efficient and proper
operation. Each apartment is called a Strata Lot for registration and tax purposes.

7. Caravan- a mobile house or ‘house on wheels’. Many families live in caravans until they
are able to own one of the more permanent types of housing. Caravans are sometimes
used as housing for people who are on vacation and are complete in every detail.

8. Tree House- a tree house tree fort or tree shed is a platform or building constructed
around, next to or among the trunk or branches of one or more mature trees while
above ground level. Tree houses can be used for recreation, work space, habitation, and
observation.
9. Stilt houses- are houses raised on piles over the surface of the soil or a body of water.
Stilt houses are built primarily as a protection against flooding, and they also keep out
vermin. The shad space under the house can be used for work or storage.

10. Tiny Home- popularity has boomed in recent years, spurring what’s known as the “tiny
home movement.” These small abodes usually fall in the range of 60 – 400 square feet.
Some tiny homes are prefabricated and some are complete custom builds. They have
become greatly popular among single adults and couples who want more financial and
physical freedom, as some tiny homes are mobile and can be moved to new locations.
11. Single-Family (Detached) - the key feature of a single-family home is that it’s completely
detached from other housing units, unlike condos, apartments or townhomes. The
majority of homes in the U.S. are single-family homes. They’re less common in highly
populated areas and are typically found in suburbs. Single-family homes are usually
more private and there are more options for personalization.

12. Co-Op- a co-op is also known as a housing cooperative, and this type of housing is quite
different from the others. When you buy into a co-op, you’re buying a share of the
company that owns the building rather than actual property. The number of shares you
own typically correlates to how much space you’re afforded in the co-op. Once accepted
into a co-op and after purchasing shares, you’ll have a vote on common spaces, and
you’ll split maintenance costs and other fees.

13. Ranch- style houses appeared in the 1930s, but their popularity boomed in the 1950s.
These homes are typically one story and feature low-pitched roofs, large windows,
sliding glass doors, large backyards, open living spaces and attached garages. They come
in a variety of variations like split-level, storybook, California and raised ranch. For
example, California ranch homes are shaped in an “L” or “U” with a backyard to
encourage outdoor living.

14. French Country- homes are inspired by the abodes found in the French countryside, like
Provence. They share some similar features with farmhouse style houses but it’s
definitely a style all its own. French country homes have pointed roofs, shutters, and are
typically made from stone. Inside you’ll find a stone fireplace, distressed wood, subdued
palettes with pastels or worn colors worked in.
15. Contemporary- style is often confused with modern, but the two should not be used
interchangeably. Contemporary refers to the present and modern refers to a time
period that has already passed (ex: midcentury modern). Contemporary homes today
often incorporate elements from modernist styles. Many boast eco-friendly materials
and design with a focus on clean lines and natural textures. The color palettes are
usually more neutral with pops of color added in the interior.
Points to consider when choosing a house
Some points to consider when investing in a home are as follows:
1. Consider the maximum amount of money you can afford to purchase a home. Consider
all the other expenses you may have to meet before the sale is completed.
2. Consider the maximum down payment and mortgage payment that suits your budget.
3. Insure that the location is convenient to workplace, stores, schools, library, hospital, and
public transportation.
4. Ensure that the neighborhood residential, is well-kept with stable or rising real estate
values.
5. If the zoning law is friendly to would be home owners that is if it would offer them
protection.
6. Find out the age and condition of the building. If repairs are to be done the cost for
same should be known.
7. Utilities and services should be available at responsible cost.
Ways of acquiring a house for the family
Renting a house- is the money you pay for the use of another person’s property. It may be paid
weekly, fortnightly or monthly. Any type of home may be rented. E.g. an apartment or house,
furnished, semi-furnished or unfurnished.

Buying a house- buying a home is probably the biggest financial investment a family will make.
Whether the family decides to buy a new home or an old one, the following aspects should be
checked:

 The neighborhood
 The age of the property
 The type of architecture
 The adequacy and arrangement of the living space
 The plumbing, writing, etc.
Before making a purchase, you should seek the advice of a quantity surveyor, who will judge
the physical condition of a building.

There are some advantages in buying a new home or apartment.

 The new building may be designed to make better use of space.


 Bathrooms, kitchens and other areas may have modern facilities.
 Costs for repairs and maintenance are likely to be very low for the first few years.
There are also disadvantages in buying new home.

 The location: certain community facilities, such as schools or school places, churches or
shopping facilities may not be available in a newly developed housing area.
 The building may have weaknesses in construction which could require extensive repairs
later.

Buying an older house


There are some advantages in buying an older home or apartment.

 Older houses generally have more spacious grounds and may be more likely to meet the
needs of a growing family.
 They are usually located in well-established communities.
 The older house may cost much less than a new one.
There are some disadvantages in buying an older home.

 The house may be less modern in design.


 There is greater risk that major repairs may be needed.
 If the house is very old, new plumbing or new wiring may be necessary to handle
modern appliances safely and efficiently.
 It may also have features and materials no longer found in mass-produced housing,
which will make repairs difficult.
Building a house
Not all home owners buy an existing house. Some people like to buy land and build the houses
exactly the way they want them. However, custom-building can be expensive if you have to
reply on a contractor to do all the work. It also means you can have to pay extra costs as a
result of delays caused by weather and shortage of materials. In addition, you have to wait
before you can occupy the house.

Inheritance- tax and other depts. On inherited property, no matter how the property was
owned, the value of the deceased person’s share is counted as part of their estate. If decided to
sell or rent the property you’ve inherited you may have to pay tax on the rental income or any
profit made when the house is sold.
Advantages & disadvantages of owning & renting a house
Advantages of owning a house

 Greater privacy
 Pride in ownership and strong community ties
 Stability: people tend to stay longer in a home they buy, if only because buying, selling
and moving frequently is difficult.
 Stable monthly payments: means you’ll pay the same monthly amount for principal and
interest until the mortgage is paid off.
 A good long term investment: even if the value of the structure itself depreciates, the
land on which it sits can become more valuable.
 Building equity: your equity grows as you pay down your mortgage. Over time, more of
what you pay each month goes to the balance on the loan rather than the interest,
building more equity.
Disadvantages of owning a house

 High upfront costs: a lot of money is spent on the mortgage, insurance premium etc.
 Less mobility: means that you cannot pick yourself up and leave a location.
 You are responsible for all maintenance costs
 Property value can fall: after a number of years the house value will depreciate.
 Illiquidity: while you are trying to sell your home, the mortgage still has to payed.
Advantages and disadvantages of renting a house
Advantages of renting a house

 It costs less to rent than own a house.


 Flexibility the family is free relocate when desired.
 Repairs aren’t your responsibility the property owner has to pay for that leaky faucet
and anything else that breaks or wears out.
Disadvantages of renting a house

 Rent may increase


 You aren’t building value
 No credit score improvement
 You can’t change the property/ or make renovations.
References
Caribbean Home Economics in Action page 22-25

Home Economics Management page 67-74

https://www.homestratosphere.com/types-of-houses/

https://www.rocketmortgage.com/learn/types-of-houses

https://www.incharge.org/housing/homebuyer-education/homeownership-guide/advantages-and-
disadvantages-of-owning-a-home/

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