Specific Expectations
By the end of the program, students will:
Real Estate Concepts
F1.1 Introduces the concept of real estate by explaining that it includes land, buildings, and other property.
Teacher supports:
- Utilize visual aids, including images and diagrams, to illustrate the components of real estate.
- Provide real-world examples of different types of real estate, such as residential properties (homes, apartments), commercial buildings, and vacant land.
Examples:
- Residential Properties:
- Single-family homes
- Apartments or condominiums
- Duplexes or townhouses
- Commercial Properties:
- Office buildings
- Retail spaces
- Restaurants or hotels
- Vacant Land:
- Undeveloped land ready for construction
- Agricultural land
Key concepts:
- Real estate encompasses a wide range of properties, including residential, commercial, and vacant land.
- Each type of real estate serves different purposes and has unique characteristics.
Note:
Understanding real estate is fundamental to financial literacy and future homeownership. The concept of owning and managing properties is central to the Monopoly Game program, where students will apply these principles in a simulated real estate market.
Sample tasks:
- Have students examine images and discuss the different types of real estate. Ask them to identify key features of residential, commercial, and vacant land properties.
- Introduce a scenario in the Monopoly Game where students make decisions about buying and managing different types of properties. Encourage discussions about the strategic value of each type of real estate.
No comments.