After researching the costs and considering my current financial situation, I have decided to rent my first home. The primary reason for this decision is the flexibility that renting offers. As a first-time homeowner, I am unsure of how my preferences and needs may change in the future. By renting, I can easily move to a different location or upgrade to a larger space if necessary. Additionally, renting allows me to avoid the significant upfront costs associated with buying a home, such as down payments, closing costs, and property taxes. The monthly rent I will be paying is $1,500, which includes water and trash services. In addition to the rent, I will need to pay a security deposit of $1,500 and a non-refundable administrative fee of $200. To turn on utilities, I will need to pay a deposit of $200 for electricity and $100 for internet and cable services.
To furnish my new home, I will need to consider a variety of items. In the living room, I will need a sofa, coffee table, and a TV stand. The bedroom will require a bed frame, a mattress, and a dresser. I will also need to invest in a dining table with chairs for the kitchen and a desk and chair for a home office setup. Other essential items include window blinds, curtains, lamps, and storage solutions. In the kitchen, I will need appliances such as a refrigerator, stove, and microwave, as well as utensils, cookware, and dinnerware. In the bathroom, I will need towels, shower curtains, and basic toiletries. Additionally, I will need cleaning supplies and a vacuum cleaner for maintenance purposes.
Expenses Table:
Item Description Cost
First Month's Rent $1,500
Security Deposit $1,500
Administrative Fee $200
Electricity Deposit $200
Internet/Cable Deposit $100
Living Room Furniture $1,000
Bedroom Furniture $800
Dining Table and Chairs $500
Desk and Chair $200
Window Blinds $300
Curtains $150
Lamps $200
Storage Solutions $400
Kitchen Appliances $1,500
Cookware $200
Dinnerware $150
Towels $100
Shower Curtains $50
Toiletries $100
Cleaning Supplies $100
Vacuum Cleaner $150
Total Expenses: $9,800
This sample work requires two paragraphs of at least 5 sentences each and a chart or table listing expenses.
For this sample work, you are going to imagine you are moving into your first home. Work through the steps below as you put together your sample work product.
Decide whether you are going to rent or buy…. Research the associated cost of which you chose and write a paragraph explaining why you chose to rent or buy. Research and write about all the move-in expenses, cost of rent or mortgage, fees to move in, cost to turn on utilities, etc.
The second thing you’ll do is fill your home with everything you need to live. You will write a second paragraph where you’ll talk about everything you need to fill your home. This should include everything from furniture to kitchen utensils.
The final thing you’ll do is create a table or chart listing all your expenses from first month's rent, fees, turning on utilities, and everything you buy such as furniture, towels, etc. Include an item description and cost!
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