Housing

What are some things you consider when purchasing a house?

• location

• living space

• utilities

• location, living space, and utilities

What is an advantage of renting?

• you are responsible for repairs

• the landlord is responsible for repairs

• you share walls with your neighbors

• you have to stay in your apartment until your lease expires

Who should rent?

• someone looking for stability

• someone who wants privacy

• someone who wants to own their home

• someone who needs mobility

A landlord is person who pays for the right to live in a residence owned by someone else.

• True

• False

A landlord is the person who owns the property that is rented.

• True

• False

A disadvantage of owning a home is

• privacy

• you have to give a 30 day notice to move

• you have to pay property taxes

• it is an investment

Libraries, real estate agents, and newspapers are good sources for finding housing information.

• True

• False

Title companies research the property to make sure that no disputes exist over its ownership or that there are no unpaid real estate taxes for the property.

• True

• False

Homeowners insurance covers the loss of a tenant’s personal property in a rental unit.

• True

• False

Which dwelling is fully assembled in factories?

• town home

• mobile home

• Condominium

• Prefabricated home