Specific Expectations
By the end of the program, students will:
Real Estate Concepts
F1.3 Teach children about factors that can lead to the appreciation of real estate, such as development in the area, infrastructure improvements, and economic growth.
Teacher supports:
- Use real-world examples to illustrate how development, infrastructure improvements, and economic growth can positively impact real estate values.
- Integrate scenarios in the Monopoly Game program to demonstrate how property values can increase when players invest in houses and hotels.
Examples:
- Development:
- New businesses or attractions in the area can enhance property values.
- Residential and commercial developments contribute to increased demand.
- Infrastructure Improvements:
- Upgrades to transportation (roads, public transit) can make an area more accessible and desirable.
- Improved utilities and services enhance the overall appeal of a location.
- Economic Growth:
- A thriving local economy often correlates with rising real estate values.
- Job opportunities and income growth can drive demand for housing and commercial spaces.
Key concepts:
- Real estate values are influenced by external factors, including development, infrastructure, and economic conditions.
- Investing in properties by adding houses and hotels in strategic locations can lead to the growth of their value.
Note:
Understanding how real estate values grow is a fundamental aspect of the Monopoly Game program, where students will simulate investment decisions and experience the impact of various factors on property appreciation.
Sample tasks:
- Present case studies or examples showcasing how real estate values have grown due to development, infrastructure improvements, or economic growth.
- In the Monopoly Game, guide students through scenarios where they must strategically invest in properties to maximize value growth. Discuss the outcomes and relate them to real-world factors that influence property appreciation.
No comments.