I need help with Microeconomics homework

Find a house in these areas:

Lambertville MI 48144 Bedford Township

Temperance MI 48182 Bedford Township

Ottawa Lake, MI 49267 Whiteford Township

Erie MI, 48133 Erie Township

Paper or powerpoint should be formatted in this order:

Front title page or slide

Picture of your property

Introduction:

Why this house

Find a real estate picture and breakdown of said property. These can be found at the realtors website. (Pictures or diagrams of property earn points towards final score). Neatness counts!

Amenities

What are the schools like (Zillow), crime, public utilities, commercial business nearby (Amenities such as stores, food, department stores, fast food, parks)

http://www.areavibes.com/temperance-mi/crime/

http://www.city-data.com/city/Lambertville-Michigan.html

Include pie charts or other charts and data that proves that you investigated the area for these items.

Zillow will direct you to the ratings of the schools in the area. Try and be specific as possible on which schools your children will be going to and how are said schools rated. Are these the best schools in the area? Good charts are a plus

Financing (create a chart to explain the different costs)

Find financing for 15 year fixed, 30 fixed year and ARM for a 5/1 loan

Research how much a pest control inspection will cost

Research how much a roof inspection will cost.

Research how much a house appraisal will cost

Research how much a survey of the property will cost

Insurance:

Find Insurance and the different levels of coverage that comes with said insurance. Call insurance agent and ask them how much the house would cost. Ask about Flood insurance as well and include that in your paper.

Taxes:

Look up the property on one of the sites given below and list information such as parcel number, tax rate, home value, tax value, and try to find out what the neighbors paid for their house and tax baes and compare it to the house you are buying.

This can be found at:

Monroe County in Michigan

https://accessmygov.com/MunicipalDirectory?uid=328

Erie

https://is.bsasoftware.com/bsa.is/AssessingServices/ServiceAssessingSearch.aspx?i=1&appid=0&unit=743

https://is.bsasoftware.com/bsa.is/TaxServices/ServiceTaxSearch.aspx?i=3&appid=1

Whiteford Center (use advanced search)

https://accessmygov.com/?uid=1560

Bedford Township

https://accessmygov.com/?uid=328

Finally determine how much monthly payment will be, insurance and property tax and chart using Excel or other charting program. Compare that to your yearly income and determine a small budget for the household for each month. Be reasonable with the utilities. For instances, a 1500 square foot house will require more heat and electricity then a smaller house. All costs must be justified.

Lease 500

Tax 100

Insurance 50

Cable 80

Electric 100

Gas 50

Special Needs (Extra Credit portion)

Include a paragraph about what improvements that you will have to do to make the house handicap accessible. This includes cost of retro fits, bedroom and rest room accommodations.

Finally

If you did not use your entire down payment, explain what you did with the rest of the money. Include this cost with your list of costs. All money expenditures must be justified and listed above on the chart.

Paper must 5 pages or 15 power point slides.