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‘Buying a house is one of the biggest financial decisions that a person can make in their lifetime.’ (www.daft.ie) (a) Explain how each of the following would influence an individual when choosing a family home: - availability - location - trends in housing development - Leaving Cert Home Economics - Question 4 - 2019
Question 4
‘Buying a house is one of the biggest financial decisions that a person can make in their lifetime.’ (www.daft.ie) (a) Explain how each of the following would infl... show full transcript
Worked Solution & Example Answer:‘Buying a house is one of the biggest financial decisions that a person can make in their lifetime.’ (www.daft.ie) (a) Explain how each of the following would influence an individual when choosing a family home: - availability - location - trends in housing development - Leaving Cert Home Economics - Question 4 - 2019
Step 1
Explain how availability would influence an individual when choosing a family home
Answer
Availability significantly impacts an individual's choice of a family home. Factors such as the amount of money available, current rental costs, and housing supply can dictate options. For example, if rental costs have increased, individuals may find it challenging to buy a home, pushing them towards cheaper alternatives or rental properties. Additionally, a lack of available housing can lead individuals to compromise on their ideal choice, opting for what's accessible rather than what's preferred. Government resources, local authority housing lists, and accessibility for individuals with disabilities also play a crucial role in influencing this choice.
Step 2
Explain how location would influence an individual when choosing a family home
Answer
Location is a pivotal factor when choosing a family home. Proximity to essential services such as schools, public transport, and recreational areas can enhance the convenience and quality of life for residents. Individuals often prefer neighborhoods that have a good community feel, safety, and amenities. Additionally, factors such as access to friends and family or the desirability of an area, which may include its environmental features and local housing market dynamics, can also significantly influence decisions.
Step 3
Explain how trends in housing development would influence an individual when choosing a family home
Answer
Trends in housing development can greatly affect an individual's decision-making process. For instance, new housing projects may introduce modern amenities and lower costs due to competition, which can make buying more appealing. Alternatively, an increase in high-density housing may shift preferences towards urban living or green spaces. Furthermore, awareness of environmentally friendly housing developments can offer alternative options that cater to eco-conscious buyers who prioritize sustainability.
Step 4
In relation to insurance: state three advantages of household insurance
Answer
Household insurance provides numerous advantages, including protection of personal belongings against theft or damage, coverage for liabilities arising from accidents occurring on the insured property, and peace of mind knowing that financial losses can be mitigated in unexpected situations. Additionally, insurance can cover temporary accommodation costs if the home becomes uninhabitable due to damage.
Step 5
In relation to insurance: outline two factors to be considered when choosing household insurance
Answer
When selecting household insurance, it is essential to consider factors such as the policy’s coverage limits and exclusions, ensuring it adequately protects valuables and key assets. Secondly, evaluating the value for money offered by the insurance provider is crucial, as this determines the comprehensiveness of coverage compared to the costs involved.
Step 6
Describe three ways to reduce pollution to promote a cleaner environment
Answer
Reducing pollution can be achieved through various means, such as:
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Using Public Transport: Encouraging the use of public transport reduces the number of vehicles on the road, decreasing air pollution.
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Implementing Recycling Programs: By encouraging recycling within communities, waste is minimized, and fewer materials end up in landfills, thus reducing land and water pollution.
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Promoting Renewable Energy Sources: Shifting to renewable energy sources like solar, wind, and hydro reduces reliance on fossil fuels, resulting in lower greenhouse gas emissions and a healthier environment.