Free Printable Housing Quiz

Worksheets

Housing Quiz

Total questions: 23

Worksheet time: 12mins

Name

Class

Date

When looking for a place to live, you should consider which of the following factors?

Location

Square footage

Number of bedroom

all of the above

An advantage of renting is

You own the home

You can change whatever you want

You have fewer responsibilites

High interest rates on your mortgage

Joey makes $83,000/yr and his wife Alyssa makes $61,000/yr. What is the maximum they should spend when buying a house?

$360,000

$290,000

$231,000

$386,000

Nikki makes $2,450 a month what is the maximum amount she should pay in rent.

$735

$1050

$800

$632

When buying a home, what are some things you can make changes to if you buy it? Select all that apply.

color of the walls

brand of applicances

location of property

landscaping

Where can you find what changes you can and cannot make to your apartment?

your lease

on the yelp page for your leasing office

in a print out on the fridge

from your mortgage lender

Leslie has been saving and wants to buy a house. She put an offer of $150,000 on a house and was accepted. She is making a down payment of 20%. What amount is her loan going to be?

120,000

150,000

30,000

she paid off her loan in full

When thinking about sharing a dorm or an apartment with a friend, you should consider: (Select all that apply).

their sleeping habits

your cleaning habits

their work schedule

What you will both bring for your shared space

It is important to lock your dorm door whenever you leave your room.

true

false

10.

A friend is always a good roommate!

true

false

11.

It is important to talk to your roommate about your expectations regarding guests.

true

false

12.

Renters or homeowners insurance is important because it protects your belongings in an emergency.

true

false

13.

This type of housing contains two separate units in one building.

Mobile home

Duplex

Multiplex

House

14.

In this multi-family housing option, individuals own their unit but they share common areas with others. They pay a fee to maintain hallways, lawn mowing etc.

House

Apartments

Condominiums

Pre-fab home

15.

The way the house looks is only PART of the decision about whether to live there.

True

False

16.

Location and proximity to schools, shopping, and fire stations should be considered when selecting housing.

True

False

17.

The longer it takes to pay off your house, the more _______ you will pay.

Principal

Interest

Taxes

Insurance

18.

Owner of a rental property =

renter

landlord

resident

tenant

19.

Which is a contract for RENTING a home?

mortgage

loan

lease

tenant

20.

Renters are responsible for all repairs and maintenance of the home they rent.

true

false

21.

All rental properties allow pets.

true

false

22.

A person who rents a property is called:

landlord

tenant

23.

What is a Down Payment?

an unchanging rate charged on a liability, such as a loan or mortgage.

a loan from a bank that a person can use to finance the purchase of a hous

The amount of money a person pays upfront on a loan/payment.

a type of loan where the interest changes according to changes in market interest rates.

100 %

Housing Quiz

Total questions: 23

Worksheet time: 12mins

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