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HOUSING GUIDE
THURSDAY, NOVEMBER 15, 2012
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THURSDAY, NOVEMBER 15, 2012
HOUSING GUIDE
RPM Alum Receives National Award for Student Housing Research Research on location and it’s effects for maximizing rent. Ball State alumnus Terry “T.J.” Fields has received the Tessie Agan graduate student research award from the Housing Education and Research Association (HERA). Dr. Carla Earhart, Professor in the Department of Family and Consumer Sciences, supervised T.J.’s thesis and accepted the award on his behalf at the recent HERA conference held in Roanoke VA. His research (A Hedonic Model for Off-Campus Student Housing) examined the value of location in maximizing rent in six university markets. Findings indicate that locating student housing within one mile of campus results in an average
rent premium of 16 percent, while locating student housing four or more miles away from campus results in an average rent discount of 13 percent. This information is valuable to student housing developers as they evaluate potential sites for student housing. Fields earned an M.S. in Family and Consumer Sciences with an option in Residential Property Management (RPM), along with an MBA from the Miller College of Business. He is a Community Director with Weidner Apartment Homes in Anchorage, Alaska and also serves as an adjunct faculty member for the University of
The
Alaska RPM Program. Earhart was the recipient of the HERA Tessie Agan award herself when she was a graduate student and feels privileged to work with students like T.J. Residential Property Management is a growing academic field with a great need for additional research.
Students interested in studying Residential Property Management should contact Professor Earhart (cearhart@bsu.edu) for information about coursework and career opportunities in RPM. Dr. Carol Friesen serves as graduate student adviser in the Department of Family and Consumer Sciences and can be reached at cfriesen@bsu.edu.
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THURSDAY, NOVEMBER 15, 2012
Renting Vs. Buying PAGE 5B
THURSDAY, NOVEMBER 15, 2012
After you graduate, is it best to rent or buy?
Graduate college, get a job, buy a house. Isn’t that the American Dream? Today’s college students may find that renting is a better fit for their lifestyle and their budget, even after they graduate. Low house prices, low down payments, and low interest loans make home ownership seem like an attractive option. But first time home buyers (and even experienced ones) often
fail to consider the additional costs – like insurance, taxes, maintenance, and yard work. A new roof or furnace isn’t cheap! Renting shifts those expenses (and effort) to the building owner. In addition, renting an apartment may come with lifestyle amenities – like a swimming pool, fitness room, and clubhouse – not typically found in a traditional neighborhood.
Home ownership is an especially bad investment if you stay in the home for less than five years, since most of the mortgage payments during that time go toward interest, not principal. But renting allows you to be more flexible, moving to another area when a new opportunity arises, without the need to try to sell your house.
HOUSING GUIDE
Buying a house has its advantages too – privacy, perhaps a yard, the ability to use the house as you please, and the potential for equity and appreciation. Anyone considering home ownership should go into it with their eyes wide open, fully aware of the obligations. In the current economy, college students may decide to rent even after graduation.
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THURSDAY, NOVEMBER 15, 2012
HOUSING GUIDE
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THURSDAY, NOVEMBER 15, 2012
Sudoku
HOUSING GUIDE
By Michael Mepham
Level: Easy
Solution for this puzzle.
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HOUSING GUIDE
American Dream
THURSDAY, NOVEMBER 15, 2012
Is the American Dream owning a single-family detached house? As a result of a Creative Teaching Grant, a group of students are looking at housing issues in a new way. The project “Reflections of the American Housing Dream” allows students to discover the many ways that housing is portrayed in our society. Dr. Carla Earhart, a professor in the Residential Property Management Program in the Department of Family and Consumer Sciences is leading the project. Students searched for housing images in a variety of visual media – fabric, jewelry, paintings, photography, and even household objects like kitchen canisters and salt and pepper shakers. What students found was that the overwhelming majority of these objects show an artistic representation of a traditional house, not an apartment, duplex, townhouse, or mobile home. In addition, students watched movies, listened to music, and read books to discover the housing-related messages in the stories. What they found was that many of these stories glamorized the concept of owning a house whereas the characters renting an apartment often held a lower social status. Earhart’s research focuses on housing norms. Traditional
housing norms suggest a belief in the American Dream of owning a single-family detached house. Earhart aims to discover the basis for these beliefs by examining representations of housing in American culture. Through a project at the Virginia Ball Center, Earhart will take her research even further. In spring 2012 an interdisciplinary group of students will spend the entire semester examining housing messages that impact children. The immersive learning experience will examine children’s toys, books, songs, movies, and games to determine the housing messages in these products. Results of the investigation will be shared in a website directed at preschool and elementary teachers, as well as a documentary for the general public. Beyond these projects, Earhart wants to continue to work with college students to open their eyes to the housing messages found in American society. Her work is being used as the basis for a proposed new course on housing and society. Ideally she would like to someday work with groups of students to create artistic representations and children’s books and toys that depict a broader array of housing options.
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THURSDAY, NOVEMBER 15, 2012
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HOUSING GUIDE
Feeling ejected from your current, unnamed place of residence? If so, come check out the sweet life at The Grove. With fullsized appliances, washers and dryers in every apartment, a huge pool, beach volleyball, full court basketball, and more –we can offer you a fully loaded college living experience!
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THURSDAY, NOVEMBER 15, 2012
HOUSING GUIDE
Student Housing is Big Business‌ And Students Want to Learn More! Student housing is a billion dollar business and continues to grow with increases in both the number of college students and their housing demands. According to Dr. Carla Earhart, Professor of Residential Property Management (RPM) in the Department of Family Consumer Sciences, Ball State students want to learn more about this niche market. As an RPM graduate student, T.J. Fields saw the need for more education in student housing. Because there was no such course at the time, Fields completed an independent study in student housing. He used this new knowledge and his own experiences in student housing to represent the Ball State RPM
Program as a panelist at the National Apartment Association Student Housing Conference. Fields went on to complete his thesis on the topic of student housing, and co-authored an article on student housing with Dr. Earhart for the 2012 Encyclopedia of Housing. While completing graduate coursework in RPM at Ball State, Kay Piotrowicz continued her work in the marketing department of Flaherty and Collins Properties in Indianapolis. As the company built and acquired more apartment communities near universities, she saw the need to learn more about student housing. As a result, her graduate project was to establish the framework for a
course in student housing. Earhart was able to draw upon the previous work of Fields and Piotrowicz to create an elective course in Student Housing. The course was taught as a graduate seminar course in Fall 2011, and drew students not only from RPM but also from Student Affairs. Kati Blackburn’s interest in student housing stemmed from her work as a leasing consultant for local student housing provider American Collegiate Communities. As an RPM graduate student, Blackburn enrolled in the Student Housing seminar and enjoyed the opportunity to immediately apply what she learned in the classroom. She also enjoyed
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learning more about on-campus student housing from interactions with students in the Student Affairs graduate program and guest speakers from Housing and Residence Life. The collaborative effort of Earhart, Fields, Piotrowicz, and Blackburn to develop and implement this graduate course on Student Housing was recently presented at the annual conference of the Housing Education and Research Association. Earhart looks forward to the potential to offer this seminar course again in the future.
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THURSDAY, NOVEMBER 15, 2012
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THURSDAY, NOVEMBER 15, 2012
HOUSING GUIDE
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THURSDAY, NOVEMBER 15, 2012
Housing Word Search
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Word List Apartments Bills Daily News Dorm rooms Free stuff Frogs Furniture Games Houses Landlords
Leases Lily pads Parking Posters Roommates RPMA Swim Tan Tshirts Utilities
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THURSDAY, NOVEMBER 15, 2012
HOUSING GUIDE
Apartments - Much More Than A Place To Live Renting has less hassle then buying.
As you pay your rent, have you ever stopped to consider how much money an apartment community takes in each month? Do the math and you’ll realize that the apartment industry is big business! According to statistics from the National Apartment Association, the average apartment community is valued at over $20 million, with an annual budget of over $2 million. The industry employs over 700,000 individuals that serve the needs of over 81 million residents. These property management professionals not only meet the basic housing needs of the residents, but also do maintenance, snow removal, and yard work. There has been an increase in “renters by choice” – individuals that can afford to purchase a house but instead choose the lifestyle of a rental apartment that includes a fitness room, swimming pool, business center, and dog park. Many upscale apartments offer fitness classes, social events, onsite movie theaters, and other amenities for their residents. In additional to serving the
residents, professional property managers also address the business needs of the owners of the apartment community by acting as the owners’ agent. This requires a vast amount of knowledge and skill in legal, financial, construction, marketing, management, and customer service issues. Property management professionals are wellcompensated for their knowledge and skill with generous salaries, plus bonuses and commission for meeting and exceeding company goals. Standard employee benefits include life insurance, health insurance, paid vacation, and retirement plans. Unique to this industry is a housing benefit that provides reduced or free rent for onsite staff. The Residential Property Management (RPM) program at Ball State provides the education needed to succeed in property management. Located in the Department of Family and Consumer Sciences, the RPM program includes an undergraduate RPM major
and minor, as well as an RPM graduate program. New this year is an apartment management certificate at the undergraduate level. As one of only a handful of RPM academic programs nationwide, Ball State students are in high demand for internships and permanent positions. Many students have interned and/or are engaged in successful careers throughout Indiana, but also in Chicago, Seattle, Austin, Washington DC, Charlotte, and Denver. Students receive multiple offers for internship and permanent positions, sometimes a year in advance. Reports from employers indicate that the students are in high demand due to the combination of outstanding classroom instruction (by faculty that have received national awards for their teaching) combined with practical application of classroom knowledge through multiple job shadowing experiences, field trips, internships, and hands-on projects.
Added to the excellent education are the networking opportunities provided by the RPM Advisory Board. Over 30 property management professionals, representing regional and national companies, meet with students at least twice a year for networking and awards events. In addition these program supporters serve as guest speakers, field trip hosts, and internship supervisors. The mentoring relationship between students and members of the advisory board extend beyond the students’ time on campus, generating lifelong professional friendships. Apartments are certainly more than a place to live. The apartment industry can also be a great career. For more information about the Ball State RPM Program, contact program director Dr. Howard Campbell at hlcampbell@bsu.edu , visit the RPM website at www.bsu.edu/fcs/ rpm, or find out more about online RPM courses at www. bsu.edu/distance/apartment.
RPM Program Online resources www.bsu.edu/fca/rpm www.bsu.edu/distance/apartment Contact: Howard Campbell hlcampbell@bsu.edu
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THURSDAY, NOVEMBER 15, 2012
Crossword
HOUSING GUIDE
Edited by Rich Norris and Joyce Lewis
Solution to this puzzle.
ACROSS 1 FLORIDA CITY WITH AN I DREAM OF JEANNIE LANE 11 ADO 15 AN ORATOR’S MAY RISE AND FALL 16 SKID ROW DENIZEN 17 WHERE A BARRISTER’S QUESTIONS ARE ANSWERED 18 MATADORS OF THE ‘70S 19 ALIEN-HUNTING ORG. 20 SHADE-LOVING PLANT 21 POPE BEFORE HILARIUS 22 GAME PIECES 23 “THE SORROWS OF YOUNG WERTHER” AUTHOR 25 “BIRDMAN OF ALCATRAZ” ROBERT __ 29 DIAMOND FAMILY NAME 31 ONE CURL, SAY 32 SOME RACING TEAMS 33 “NO DIFFERENCE” 35 FIX FIRMLY 36 THANKSGIVING SERVING
37 HAVE DOUBTS 38 WWII PROPAGANDA NICKNAME 40 CASTLE ON BROADWAY 41 EMINENT LEADER? 42 DE BENE __: PROVISIONALLY 43 “MASK” ACTOR 44 BOW PARTS WITH ANCHOR CABLE OPENINGS 46 PHYSICAL RESPONSES 47 SIX-DAY WAR STATESMAN 48 SAY “CAP’N,” E.G. 51 “THE BOY YOU TRAINED, GONE HE IS” SPEAKER 55 CHARTRES CLERIC 56 FIRST BALLPLAYER TO HIT 50 HOME RUNS BEFORE THE END OF AUGUST 58 EYE-POPPING PROFIT 59 TITULAR GUYS IN A 1993 SPIN DOCTORS HIT 60 POLL CLOSURE? 61 PART OF A TYPICAL WESTERN ENDING
DOWN 1 FIELD CALLS 2 VETERINARY PATIENT OF DR. LIZ WILSON 3 LEAGUE OF WOMEN VOTERS ORGANIZER 4 MAGAZINE THAT EXCERPTED STEPHEN KING’S “FIRESTARTER” 5 ENZYME ENDING 6 DENOUNCED 7 SCANNER BRAND 8 MANHUNT INITIATORS, BRIEFLY 9 SMALL, TIGHT GROUP 10 ITS INTERNAL ANGLES TOTAL 720 DEGREES 11 MARSHLAND TRACT 12 “DOCTOR WHO” SUBJECT 13 HARD TO FOLLOW 14 SHE PLAYED SPIKE LEE’S GIRLFRIEND IN “DO THE RIGHT THING” 22 THING NOT TO MISS 24 GETS THE JUMP ON 25 DUMPS
26 DEVIOUS GENERAL MILLS SPOKESCRITTER 27 LIKE HOME RUNS NOWADAYS 28 IS SHORT 29 “ROLLING IN THE DEEP” SINGER 30 LACKING PEP 33 REFORMERS’ TARGETS 34 “__ NOME”: “RIGOLETTO” ARIA 39 MAINTAINS 43 SHEPHERD OF “THE VIEW” 45 TWISTED LOOK 46 CRACKERJACK 49 EPONYMOUS HARDWARE STORE FOUNDER LUCIUS 50 “__ STRIPES”: CASH SONG 51 MASCULINE PRINCIPLE 52 MIDDLE-EARTH SOLDIERS 53 ALMIGHTY, TO A 55-ACROSS 54 THE Y, E.G.: ABBR. 57 SHORT TIME?
You
Your new home
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HOUSING GUIDE
THURSDAY, NOVEMBER 15, 2012