This little poem comes from Disticha de Educatione of Urbano Appendini, published in 1834; you can see the whole book at Google Books.
Ubi Domus
Non temere statuenda domus; tibi dilige sedem,
Laetus ubi possis vivere et incolumis.
The vocabulary is keyed to the DCC Latin Vocabulary list. There is only one word in this poem that is not on the DCC list:
incolumis, -e (incolumis): uninjured, safe
temerē: recklessly, rashly
dīligō -ligere -lēxī -lēctum: choose, cherish, love
domus -ūs f.: house, home
et: and
laetus -a -um: glad, joyful
nōn: not
possum posse potuī: be able
sēdēs -is m.: seat, abode, habitation
statuō -ere -uī -ūtum: set up, determine
tū tuī tibi tē: you (sing.)
ubi: where, when
vīvō vīvere vīxī victum: live