WorksheetsChapter 7 Housing
Total questions: 56
Worksheet time: 56mins
Some apartments have an outdoor area called...
a deck
a porch
a patio
a balcony
What will you find in a half bath?
a toilet, a shower, and a sink
a sink and a toilet
a bathtub, a toilet, and a sink
a sink, a bathtub, and a shower
What do you call the person who rents an apartment?
a home owner
a landlord
a tenant
a roommate
What do you call one of these properties?
a single family home
an apartment
a townhome
a mobile home
Which of these items are appliances? Select all that apply.
What are two examples of amenities?
electricity
a gas fireplace
a double garage
a roof
What is this?
a playground
a patio
a fenced yard
a park
If you live in an apartment, what payment do you make each month?
a mortgage payment
a rent payment
a security deposit
a maintenance fee
What is this?
an attic
a condominium
a carport
a basement
What is this?
a carport
a double garage
a shed
a parking lot
What is this?
a back porch
a patio
a deck
a balcony
Which picture below shows a studio apartment?
What do you see in the picture?
a rug
hardwood flooring
wall-to-wall carpeting
linoleum
Housing unit that is fully or partially assembled in a factory b/4 being moved to the living site is called:
cooperative Housing
Manufactored Home
Condominium
None of the above
Landlords are required to provide
adequate water
weatherproof walls
plumbing facilities
All of these
The decision about where to live will depend a great deal on finances available.
True
False
Adjustable-rate mortgage, the interest rate changes in response to movement of _____ as a whole
property availability
property values
the political situation
the economy
Most conventional loans require a down payment of
10–30%
5-10%
40-50%
A fixed-rate mortgage usually increases by one or two percentage points a year.
True
False
What is a disadvantage to buying a home?
Pride of ownership
Insurance costs
Stable mortgage
paymentIncome tax deductions
When you opt for this type of mortgage you pay less interest over the life of the loan.
30 year fixed
15 year Fixed
Lease
Balloon mortgage
A home loan with fixed monthly payments and a large Final payment, usually after 3, 5 or 7 years.
an adjustable rate mortgage
a conventional mortgage
2nd Mortgage
Ballon Mortgage
The Reduction of a loan balance through payments made over a period of time is known as:
points
Amoritization
Rate Cap
Refinancing
Prepaid interest charged by a lending institution for the mortgage is called:
Refinancing
Amoritization
Points
Rate cap
Cash advance based on the paid up value of a home (also called a home equity loan)
Ballon Mortgage
2nd Mortgage
A conventional mortgage
an adjustable rate mortgage
When renting a home the landlord will ask you to sign a _____________.
letter
accepting
leads
lease
What is this place?
a playground.
An outdoor pool.
A living-room.
A courtyard.
Choose the option that best describes the picture
window
wood
balcony
terrace
Which one is the loft?
" On the edge of a large town or city" means ?
in the countryside
in a town
in the suburbs
The part of a building that is fully or partialy below ground level
a living room
an attic
a basement
a garage
A stand-alone house is called ...?
terraced house
detached house
block of flats
semi-detached house
A _______________________is a single family home that shares one or more walls with other independently-owned units. They are often rows of uniform homes, two stories or taller.
House
Condo
Apartment
Townhouse
When you buy a _____________, you have the pride of ownership, use of the recreational facilities, but a property manager takes care of the lawn and the recreational facilities.
Condo
Townhouse
Apartment
Duplex
