Worksheet · Housing, construction and mortgages
The path is primarily for ages 13–18 and adult beginners. Younger children can learn alongside a parent or teacher. Levels describe prior knowledge, not a guarantee of suitability for every age.
What you will learn
- Choose house or apartment and enter five cost categories.
- Compare two quotes by scope, exclusions, dates, responsibility and payments.
- List property price, equity, borrowing and additional costs separately.
Suggested 30–40 minute session: 5 minutes of discussion, 10 minutes of reading and examples, 15 minutes in pairs and 5–10 minutes explaining and correcting. Assess understanding and reasoning, not simulated profit. Worksheets print without student accounts.
Learn together: choose one concept, read the example and ask the learner to explain it in their own words. Do not ask children for household income, bank documents or account numbers. Use invented figures.
Budgeting for a house or an apartment
A contractor costs 1,000,000: 300,000 paid and 700,000 remaining. Adding the subtotal again would double-count it.
Choose house or apartment and enter five cost categories.
A cost has 100,000 paid and 40,000 remaining. What is its total?
- 140,000
- 100,000
- 40,000
Explain your choice in your own words. Which assumption could change the answer?
Budgeting for a house or an apartmentWho builds the home? Contractors and supervisors
A fictional turnkey contract includes flooring and electrical work but excludes the kitchen. Count the contractor once and add the kitchen separately.
Compare two quotes by scope, exclusions, dates, responsibility and payments.
Does “turnkey” prove all furniture and landscaping are included?
- Yes, if the price is high
- No; check the contract and specification
- Everything is included
Explain your choice in your own words. Which assumption could change the answer?
Who builds the home? Contractors and supervisorsMortgage basics: principal, equity and security
A property priced at 2,000,000 and a loan of 1,200,000 give a 60% ratio in this example. Equity and additional costs are still needed.
List property price, equity, borrowing and additional costs separately.
What is mortgage principal?
- The amount borrowed
- The value of all national assets
- The insurance premium
Explain your choice in your own words. Which assumption could change the answer?
Mortgage basics: principal, equity and securityTeacher answer key
Budgeting for a house or an apartment
140,000
Add paid and remaining once.
Who builds the home? Contractors and supervisors
No; check the contract and specification
Contract documents define the scope.
Mortgage basics: principal, equity and security
The amount borrowed
Principal is borrowing before interest.