HHS students create dream homes
Lead Summary
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The students in Mrs. Kiser’s Intro to Business and Money Management classes are working diligently on their final projects for the first semester. The students have designed the floor plan of their dream home along with all the amenities. They are to determine total square footage, create a detailed description of each room, and calculate the total cost of their home at move-in ready condition.
Mr. Tim Kiefer provided the students with construction information and the cost associated for each square foot in generalities. Mr. Kiefer explained to the class how to calculate for upgrades if the students wanted hardwood flooring instead of carpeting, brick instead of vinyl siding, and ceramic tile over vinyl. Mr. Kiefer provided helpful information to the students to assist in the housing calculation.
The students will then create an amortization schedule for a mortgage loan after determining the interest rate and number of years (15, 20 or 30). The amortization schedule will provide each student with the actual cost of the house when the mortgage is paid in full. The students will use this valuable information to determine what their annual household income should be to pay for their dream home.
During the semester, the students have learned how to determine personal and financial goals, set up a budget, and determine housing alternatives based on their goals. The students used this information to assist in the completion of the final project.[[In-content Ad]]
Mr. Tim Kiefer provided the students with construction information and the cost associated for each square foot in generalities. Mr. Kiefer explained to the class how to calculate for upgrades if the students wanted hardwood flooring instead of carpeting, brick instead of vinyl siding, and ceramic tile over vinyl. Mr. Kiefer provided helpful information to the students to assist in the housing calculation.
The students will then create an amortization schedule for a mortgage loan after determining the interest rate and number of years (15, 20 or 30). The amortization schedule will provide each student with the actual cost of the house when the mortgage is paid in full. The students will use this valuable information to determine what their annual household income should be to pay for their dream home.
During the semester, the students have learned how to determine personal and financial goals, set up a budget, and determine housing alternatives based on their goals. The students used this information to assist in the completion of the final project.[[In-content Ad]]