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
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Provision in a written agreement that depends on the occurrence of something else. ...
Helps in supporting a building. ...
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Determining the measurements of a specific location. ...
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Partner in a real estate business who remains anonymous but has legal rights and obligations. ...
Wires, such as for electricity, places beneath the floor of a structure. ...
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