Urban Development Introduction

Residential development refers to the ​ (a)   and management of ​ (b)   units primarily intended for private ​ (c)   .

• construction
• housing
• occupancy

Residential ​ (a)   cater to individuals and ​ (b)   seeking a place to live, sleep, and ​ (c)   their daily activities.

• developments
• families
• carry out

Match each type of residential development type with the correct definition

• multi-unit building with individual ownership

• single-family home

• attached housing unit in a row

• mobile home

• detached house with a yard

• townhouse

• portable dwelling on wheels

• apartment

• rented unit in a larger building

• condominium

Commercial development, on the other hand, ​ (a)   the construction and operation of ​ (b)   or spaces designed for commercial activities and ​ (c)   purposes.

• involves
• buildings
• business

Commercial developments are ​ (a)   toward generating ​ (b)   through the sale of goods, provision of ​ (c)   , or rental of space.

• geared
• revenue
• services

What do you already know about owning a home?

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When you ​ (a)   a property, like a house or a condominium, it means that you have bought it. Renting a property is like ​ (b)   it. Instead of owning it, you pay ​ (c)   to live there for a certain amount of time, like a ​ (d)   or a year.

• own
• borrowing
• money
• month

Paying a Mortgage: Many people don't have enough ​ (a)   to buy a property outright, so they get a ​ (b)   from a bank called a mortgage. They ​ (c)   back the loan bit by bit every month.

• money
• loan
• pay

Building Equity: As you make payments on your ​ (a)   , you build equity in your property. ​ (b)   is like a savings account because it's the part of the property that you really ​ (c)   .

• mortgage
• Equity
• own

What type of housing do you hope to live in as an adult?

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