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Question 13
Identify three socio-economic factors that influence housing choices. (i) (ii) (iii)
Step 1
Answer
One important socio-economic factor influencing housing choices is income. The amount of money a household earns directly impacts its ability to afford housing. Another factor is the financial assistance available, such as grants or subsidies, which can ease the burden of housing costs. Lastly, energy efficiency is becoming increasingly relevant, as many individuals opt for homes that will lead to lower utility bills, reflecting both a concern for the environment and long-term cost savings.
Step 2
Answer
Family size and specific requirements influence the type of housing needed, as larger families generally require more space. Furthermore, considerations for special needs such as accessibility features play a critical role in housing decisions. Moreover, personal preferences regarding aesthetics, proximity to work or schools, and neighborhood ambiance can significantly affect housing choices.
Step 3
Answer
The location of a property is a major factor affecting housing choices; people often prefer areas with good schools, employment opportunities, and low crime rates. Additionally, the availability of housing units can constrain options, especially in high-demand areas. Finally, the presence of amenities such as parks, shopping centers, and public transportation can enhance a location’s appeal, encouraging potential buyers or renters to choose certain housing options over others.
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