Unit 1 Review Packet
1.) Work your way through unit 1 Total on Mitirela
2.) Draw and define Maslow’s hierarchy of needs: Give an example of how to meet each of these needs.
3.)Give an example of each type of family
1. Nuclear
2. Single-parent
3. Step/blended
4. Extended
5. Childless
4.) List the age that defines the following:
a. Individual
b. Infancy
c. Childhood
d. Youth
e. Adulthood
5.)Briefly Describe what happens to during the following stages in life:
a. Beginning
b. Childbearing
c. Parenting/expanding
d. Launching
e. Mid years/Empty nest
f. Aging
6.) There are many influences on housing give one example of how each factor below influences housing decisions:
a. Personal
b. Society
c. Privacy
c.Traditional/cultural
d. Societal
e. Economic
f. Environmental
g. Technological
h. Governmental
7.) Define the Following:
1. Housing Urban Development
(HUD)
2. Federal Housing
Administration (FHA)
3. Building codes
4. Zoning regulations
5. Environmental Protection
Agency (EPA)
6. Consumer Product Safety
Commission (CPSC)
7. American Disabilities Act
(ADA)
8.) What is universal design?
9.) Name 3 ways you can childproof a home.
10.) Name 3 ways that you can change a home to accommodate for elderly residents.
11.) Name 3 ways you can change a home to accommodate for people with disabilities.
12.)Either Define or give two characteristics of the following types of homes. Be able to identify.
a) Penthouse
b) Garden Apartment
c) Efficiency
d) Cooperative
e) Condominium
f) Attached housing
g) Custom Built
h) Modular
i) Manufactured/mobile
j) Site-built
k) Owner-built
l) Townhouse
13.) What is the difference in leasing and subletting?
14.) What is the difference in Eviction and Foreclosure?
15.) what is the housing to income ratio?
16.) The following are the formulas for finding out how much you can afford based on salary. Make sure you know these.
Calculating rent based on salary type
• If paid by the hour: hourly wage x # of hours worked weekly x weeks in year = gross pay yearly / 12
months = gross monthly wage x 28% = maximum rent
EX: $6.00 x 40hours = $240 x 52 weeks = $12,480/12 = $1040 x 28% = $291.20
• If paid by week: $240 x 52 weeks = $12,480/12 = $1040 x 28% = $291.20
• If paid by the month: $1040 x 28% = $291.20
• If paid by the year: $12,480/12 = $1040 x 28% = $291.20
17.) What is the difference between the following loans:
a. conventional
b. FHA
c. VA
Define the following, briefly, in your own words
1. equity
2. Down Payment
3. Earnest Money