Development, Neighborhood, Stage
Point at which a housing development becomes a neighborhood. After an initial housing development is sold and the new owners become established, the neighborhood stage begins. The construction of a housing development assures similar age and architectural design structures. In an economic sense, a neighborhood is distinguished by similar property values typifying a normal housing development. Neighborhoods usually have place names often identified with the original subdivision and have boundaries associated with streets.
Popular Real Estate Terms
The Loan-to-value ratio (LTV) is a calculation that measures how much you need to pay for a mortgage (loan) concerning how much the asset is worth. The loan-to-value ratio in real ...
The clause in a deed beginning with the words " to have and to hold" limiting or defining the ownership nature of the estate in the property granted by the deed. Declares the type of ...
Device that cuts off an electric circuit when the current becomes to strong. ...
Law enacted by a local authority applicable to the action of people or things. An example is a fine of $5,000 for littering vacant real estate. ...
Large room at the entrance to a building designed for people to converse or move about freely. ...
The value of property subject to tax. The tax equals the tax rate multiplied by the property's value. ...
How much water may be retained in a unit, such as an expansion tank in a home. ...
Style of the 19th century resembling an old church. It has a tile roof, arch-shape windows, stucco walls, and pyramid roof. ...
An individual, educated, trained, and licensed in the principles of designing structures, and rendering drawings, specifications, bidding requirements. ...
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