““Criticizing another’s garden doesn’t keep the weeds out Criticizing another’s garden doesn’t keep the weeds out of our own”of our own”

Chapter 3Concepts of Home Ownership

Modern Real Estate Practice 17th Edition

Types of HousingTypes of Housing

Apartment ComplexApartment Complex CondominiumCondominium CooperativeCooperative Planned Unit Development (PUD)Planned Unit Development (PUD) Retirement CommunityRetirement Community

Modern Real Estate Practice 17th Edition

Types of HousingTypes of Housing

Highrise DevelopmentHighrise Development Converted-use PropertyConverted-use Property Manufactured HousingManufactured Housing Modular HomesModular Homes Time-shareTime-share

Modern Real Estate Practice 17th Edition

Housing AffordabilityHousing Affordability

Mortgage TermsMortgage Terms Ownership Expenses and Ability to PayOwnership Expenses and Ability to Pay Investment ConsiderationsInvestment Considerations Tax BenefitsTax Benefits

Modern Real Estate Practice 17th Edition

Homeowner’s InsuranceHomeowner’s Insurance

Coverage and ClaimsCoverage and Claims Basic vs. Broad-form PoliciesBasic vs. Broad-form Policies LiabilityLiability Coinsurance ClauseCoinsurance Clause National Flood Insurance ProgramNational Flood Insurance Program