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
In everyday discourse, a merger defines the combination of two entities, be it real estate or two companies, into a single and legit one. We should make a difference between a merger and ...
Simply put, the meaning of purchase money mortgage is a type of seller financing. Explicitly, a home seller issues a mortgage to the borrower as part of the buying transaction without ...
Real estate bought and leased to tenants to obtain rental income. ...
Sheet metal, often made of aluminum, used to cover a structure's open masonry or wood joints. The purpose of flashing is to prevent the penetration of water as well as to provide a drainage ...
The accelerated depreciation definition is a type of depreciation that makes it possible for a homeowner or real estate investor to depreciate their property faster than the straight-line ...
That part of a roof which projects beyond the sides of the building. The eaves keep rain overflow of the sides of a building structure and seal the roof rafters. ...
Obtaining money and/or property from a deceased person whether by will or not. ...
Divides a locality into districts for differing purposes. The map is continually kept current. It reveals the status of each district. ...
Major city in a metropolitan area. ...
Have a question or comment?
We're here to help.