Flip this House As an adult you will be faced with a multitude of opportunities to use the formulas and mathematical calculations presented to you during the course of geometry. Whether in your professional or personal life, surface area and volume are concepts that you will use over and over again. The purpose of this project is to provide you with a practical application of the formulas and calculations associated with surface area and volume. You just bought a house for $180,000! The floor plan of your house (single level, ranch-style home) is included. You plan on re-modeling the house, and then selling it for a profit. This is called “flipping a house.” You will be estimating and totaling your renovation costs to determine the price you should list the house for sale in order to achieve a 20% profit. Your final project should be in a report cover and you must include the following: 1. Printed title page. Include your name, class, class period, and date. 2. Each renovation should have its own separate sheet of paper(s). Show all formulas used and all mathematical calculations. ALL work must be shown neatly and orderly. You can handwrite all calculations. Credit will not be awarded for correct answers not supported by correct formulas and calculations. LABEL each page at the top with the correct renovation title (i.e. carpet, concrete, tile…) 3. Write a brief description and show the summation of all the work put into the house. Title this page “Summation.” Add it all up to determine how much this house has cost you altogether (including the original purchase price of $180,000). Show all your work and calculations for total cost. 4. Title the final page “Selling my House.” Your goal is to earn a 20% profit on the sale of this home. Determine the price at which you need to sell this house to reach your desired profit. Show all your work and calculations. Once you’ve determined how much you need to sell this house, determine the price at which you will list your house. Houses in your area normally sell for 5% below the asking price. For example, if you list your home for $100,000, you will most likely sell it for $95,000. Show all your work and calculations. Due Date: Thursday June 11, 2015 House Specifications Refer to the house floor plan. Dimensions on the floor plan are horizontal by vertical. All rooms are 8 feet high, except the living room which has a ceiling height of 10 feet. Do not compute cost per room, instead compute cost per renovation, rounding only at the end. Remember that you cannot buy fractional parts of cans of paint, bags of topsoil, or rolls of wallpaper. Carpet, flooring, and concrete must be purchased to the nearest whole unit. Room Windows Doorways Dining Room 4 ft by 5 ft; 3 ft by 3 ft 3 ft by 6.5ft Living Room 6 ft by 6 ft 2 at 4 ft by 6.5 ft Bedroom #1 3 ft by 4 ft 3 ft by 6.5 ft Bathroom #1 none 3 ft by 6.5 ft Bedroom #2 3 ft by 3 ft 3 ft by 6.5 ft Kitchen 3 ft by 4 ft Into Laundry Room 3 ft by 6.5 ft Laundry Room none 2 at 3 ft by 6.5 ft Master Bedroom none Master Bath none 2 at 3 ft by 6.5 ft, 4 ft by 6.5ft, sliding door to patio 6 ft by 6.5 ft 4 ft by 6.5 ft Master Closet none 3 ft by 6.5 ft Renovations 1. Carpet 2. Concrete 3. Wallpaper 4. Vinyl Flooring 5. Paint You need to carpet the Living Room, Hallway, and Entryway. The patio area is unfinished. You are going to put in a concrete patio that is 9 inches deep. You are going to wallpaper the Master Bedroom, Hallway, and Dining Room. You are going to replace the flooring in the Kitchen, Bathroom #1, Master Bath, and Laundry Room. You need to paint the Living Room, Bedrooms #1 and #2, Laundry Room, Master Closet, and the Garage. Cost Carpet cost – see options Concrete cost- $47.48 per cubic yard. Wallpaper Cost – see options (must use at least two different wallpapers) Vinyl flooring cost – see options Paint cost Paint for the Living Room, Bedrooms #1 and #2, Laundry Room, and Master Closet (see options) Paint for the Garage costs $24.99 per gallon and each gallon covers 300 sq ft. 6. Hardwood 7. Fencing You are going to lay hardwood flooring in the Dining Room You are going to build a fence that encloses the backyard and attaches to the back corners of the house. The backyard is 30 feet deep. 8. Tile In Bathroom #1, you will tile the wall next to Bedroom #2. In the Master Bath, you are going to tile the outside wall. 9. Topsoil You are going to put in a circular flower garden and a rectangular vegetable garden in the backyard. The radius to the circular garden is 6.25 ft and is 5 inches deep. The vegetable garden is 7.6 ft long, b 13.2 ft wide, and is 8 inches deep. You need to buy topsoil to fill the gardens. 10. In-class Quiz You will be asked to complete an additional (6/11) question/renovation in class on the project’s due date. Hardwood Flooring – see options Fencing- $21.89 per linear foot Tile cost – see options Topsoil Each bag covers 3 cubic feet and costs $5.25 per bag. Given to you in class. Evaluation Rubric Below are the criteria by which the project will be evaluated. House Renovation Options: (courtesy of Home Depot) Carpet: TrafficMaster “Stallion Derby” - $1.19 per square foot Mohawk “Lucky Ticket Nomad” - $0.99 per square foot Wallpaper: Martha Stewart Living “Beadboard Paintable Wallpaper” - $24.98 per roll Graham & Brown “Darcy White Wallpaper” - $56.28 per roll Graham & Brown “Subway Paintable Wallpaper” - $35.95 per roll Graham & Brown “Chambray Stripe Wallpaper” - $30.00 per roll Vinyl Flooring: Allure Tile “Sedona” - $2.09 per square foot Allure Tile “Corsica Dark” - $1.97 per square foot Allure Tile “Chateau Parquet Light” - $2.98 per square foot Paint: All gallons of paint are $31.98 per gallon and cover 250 – 400 square feet Color Options are Crepe, Painter’s White, or Coliseum Marble by Behr Hardwood Flooring: HomeLegend “3/4 Woven Bamboo Walnut” - $3.98 per square foot HomeLegend “Distressed Alvarado Hickory” - $2.89 per square foot Heritage Mill “Macadamia Cork” - $3.48 per square foot Tile: Semi-Gloss Almond Ceramic Wall Tile - $0.48 per tile Marissa Crema Marfil Ceramic Wall Tile - $0.79 per tile Scoring Rubric: 1. Following directions of the project, overall neatness, and organization – 10 points. 2. Each renovation – 10 points. The rubric below will be used to evaluate each renovation. Point Value 10 points Renovation 1. Used the correct formulas 2. All calculations correctly shown in an orderly format. 3. Arrived at the correct answer. 3. In-class renovation – 10 points. TOTAL VALUE: 110 points DUE: Thursday June 11, 2015 8 points 1. Used correct formulas most of the time. 2. Most calculations shown. 6 points 1. Used some correct formulas. 3 points 1. Few correct formulas used. 2. Some calculations shown. 2. Little or no work shown.
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