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Renting vs. Buying
What's That Lease Say?
Types of Housing
How to be Ready to Buy
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100

When you buy a home, you build this instead of paying money to a landlord.

What is equity?

100
The term in a lease that stands for the person who lives in a rented property.
What is tenant or lessee
100
What type of housing offers the most privacy?
What is a single family home?
100

Homeowners often pay this monthly bill to protect their house from damage or disasters.

What is a homeowners insurance?

100

This famous ship hit an iceberg in 1912.

What is the "Tintanic"

200

This large loan helps people buy a house over many years.

What is a mortgage?

200
The term in a lease that stands for the owner of the property.
What is lessor or landlord?
200

Name any of the types of housing that share a common wall?

What is condominium, townhouse, and or duplex?

200

This person helps buyers find homes and negotiate prices.

What is the real estate agent?

200

This planet is known as the “Red Planet.”

What is Mars?

300
If you are a person who has no desire to do maintenance around a home and wants a lot of freedom, Should you buy or rent?
What is Rent?
300

This monthly payment goes to a landlord when you live in an apartment you do not own.

What is rent?

300
What of the following are qualities of a pre-manufactured home? a. cheaper to build than a custom built home on the property b. comes with a title, since it can be transported c. both a and b d. none of the above
What is c? Both a and b.
300

This upfront payment is often required before buying a house.

What is a down payment?

300

This element has the chemical symbol “Au.”

What is Gold?

400
Fixed expenses, more free time, and lower insurance costs are advantages to what? Buying or Renting?
What is Renting?
400
This amount is what you pay in addition to the first month's rent to the owner of the property to pay for any damages you cause while you are living in the property?
What is a security deposit?
400
This type of housing is owning your own apartment with shared common areas, a monthly maintenance fee and your neighbors are very close. What type of housing is it?
What is a condominium?
400

A bank checks this number to decide whether someone can borrow money for a house.

What is your credit score?

400

This U.S. president issued the Emancipation Proclamation.

Who is Abrahamm Lincoln?

500
Which of the following are advantages to buying a home? a. more stability b. usually increase in investment value c. easier to move quickly d. both a and b e. all of the above
What is d. both (a) more stability and (b) usually increase in investment value.
500
At what age are you legally bound to abide by any terms you agreed to when you sign legal documents.
What is age 18?
500
This type of housing is a great investment because you can live in one side of the property while you rent out the other side. What type of property is it?
What is a duplex?
500

These are costs paid at the final step of purchasing a home.

What are closing costs?

500

This country gifted the Statue of Liberty to the United States.

What is France?