Description of selected properties (house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller

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Description of selected properties (house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller

Comparison of buying and renting the property

Introduction

Theoretical part

One page of review about time value management topics (you can choose whatever you would like to) using at least citation of 5 authors.

Citation style: Harvard style

Practical part

1. Description of selected properties (house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller….
2. Description of your incomes: You have no savings but you have a proper job. Set an average salary

1.option:

1. You would like to buy a house. So you decided in 2009 to save your money on bank’s account during five years (Calculation of FV₍₅₎ of your saving after five years)
2. In 2014 you will decide that on the rest of needed money to buy a house, you will take a mortgage. Choose a current loan from a current bank institution and put a reason why you have chosen this institution for a proper years?
3. Calculate Amortization Schedule Calendar of the loan
4. Calculate, what kind of money you would have to pay today (2014) to buy a house using your savings and mortgage?

2.option

1. You would like to rent a flat/house in 2014.
2. Description of selected properties (renting a flat/house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller….
3. Calculate monthly payment of the rent of house/flat
4. Calculate, what kind of money you would have to pay today (2014) to rent a house/flat using all monthly payments when the rent contract will last 7 years
5. Put a comparison analysis of results of buying and renting a property. Which is preferable for you?
6. Please calculate if:
   1. Buying a house would be better (you will pay less) than within a case of renting a house/flat,:

• For how many years should you rent a house/flat so it becomes profitable for you , you should rent a house/flat if you would like to find out if the renting a house/flat would be preferable for you

1. Renting  a house/flat would be better (you will pay less) than buying a house:

• For how many years  should you rent a house/flat so it becomes unprofitable for you