Definition of "Modernize"

Kimberly Graziadei real estate agent

Written by

Kimberly Graziadeielite badge icon

Berkshire Hathaway HomeServices New Jersey Properties

To upgrade a facility by installing up-to-date technology as well as introducing stylistic changes reflecting current patterns. Modernizing a facility can add substantially to its value and marketability. For example, a modern kitchen and baths make a house show better and sell more easily.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The rent a property commands in a free and open market setting. ...

Structural, storage, and shelving characteristics associated with a warehouse. ...

One who has died with a valid will in effect. ...

An idiomatic expression indicating the desire of an individual to understand new surroundings and all of its nuances including its quality and character. The derivation of the expression ...

Homeowner’s insurance is a kind of property insurance that covers risks commonly encountered by homeowners.There are several kinds of homeowner’s insurance ...

Standard precut lumber sizes for lumber industry needs. The typical sizes are 2 to 5 inches thick by 5 to 12 inches wide. ...

Also called hyperinflation. Very high rate of inflation rate. ...

Party that receives part or all of a construction job to do from the general contractor. ...

Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...

Popular Real Estate Questions