The American Dream

The American Dream:

Introduction:

Just after the three weeks of Lisa’s graduation, Tom and Lisa were married in June 1998. Both Tom and Lisa worked in their respective area of expertise. Lisa is very enthusiastic, and her ultimate goal is to set up her company, the couple is also motivated to attain their ideal way of living. Tom was glad to move in Bethesda where he spent his childhood. Many of his friends and family members are still reside in this area. However, Lisa wanted to raise the standard of their lifestyle and to live in the urban area rather than suburban area.

Their current residence is somewhat lavish in nature; their apartment has a swimming pool, fitness center and round the clock security system, the neighborhood is also quite satisfying, the workplace of the couple is also near to their current residence, but the traffic tribulations are increasing day by day. Although the couple is quite satisfied with their current residence, Lisa wants to build some equity by purchasing their home. Lisa was also concerned about the increase in prices of property in Washington D.C. and would like to buy the house as soon as possible as it is forecasted that property prices are expected to further increase in the future.

The couple tried their best in obtaining the house, but they found the process to be very complicated. Although, Lisa researched on various websites and virtually toured many homes but couldn’t find any houses that fulfilled their exact needs. Not only this, the couple contacted many real estate agents, but they didn’t find the necessary assistance they required. At last they found a house, “Grosvenor Park”, that was aligned with their needs and wants; however, the Grosvenor Park was quite expensive for them and required finance from outside and inside sources.

Answer Number 1:

Apartments:

An apartment is a residence that is a self-contained housing unit that occupies only some part or area of the building. Apartments may be owner occupied or can be rented for their rental incomes and can be bought for capital appreciation.

Advantages of Apartments:

• Apartments have a higher degree of security because there is a 24 hours security system in many apartments; furthermore, many apartments can easily afford expensive security systems because the cost of this system is shared by many occupiers.

• Utility expenses and maintenance expenditure tend to be lower because of the smaller area and also the occupier is not responsible for heat and water fees in many cases.

• Various luxurious services are provided to a resident of the apartments such as swimming pools, fitness centers, playgrounds and medical treatment centers which are considered to be essential in the modern stressful environment.