Construction Costs


Definition of "Construction costs"

Expenditures incurred building a structure, including material and labor.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Interest Cost (IC)

A comprehensive and time-adjusted measure of loan cost to the borrower. IC on a Mortgage: IC is what ...

Direct Selling System

Same as term Direct Response Marketing: method of selling insurance directly to insureds through a c ...

Past Service Liability

Employer's obligation to fund a pension plan for the time period when employees were qualified to pa ...

Principle Of Supply And Demand

Economic principle determining the market prices of goods, services, and property. The principle sta ...

Personal Property Floater

Coverage for all personal property, regardless of location of an insured and household residents, in ...

Per Cause Deductible

Requirement that the deductible must be met for each separate illness or accident before benefits ar ...

Related Real Estate FAQ

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Mortgage Loan Types Getting Ready to Sell? Don't make these DIY Mistakes! Build or Buy? That’s the Big Question What is Earnest Money How is Square Footage Determined?

FAQ

What is PITI and what does it stand for? What is a sales contract? What is a cap? What is a survey? What is commission?