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  • A roofing composed of three to five layers of asphalt felt laminated with coal tar, pitch, or asphalt. The top is finished with crushed slag or(...) Read More
  • A partition, wall, or embankment that acts as a protective barrier. Read More
  • Rounded drywall corners. Read More
  • A one-story small house or cottage is usually accompanied by large front porches and verandas. Read More
  • Materials placed end-to-end or end-to-edge, without overlapping. Read More
  • The lower edge of the shingle tabs. Read More
  • The most common type. One leaf attaches to the door's edge, the other to its jamb. Read More
  • The junction where the ends of two timbers meet, and also where sheets of drywall meet on the 4 foot edge. To place materials end-to-end or(...) Read More
  • A subsidy (usually paid by a builder or developer) to reduce monthly payments on a mortgage. Read More
  • Acronym for Buy, Rehab, Rent, Refinance and Repeat. BRRRR describes a framework where investors build a real estate portfolio that generates(...) Read More
  • An account in which funds are held so that they can be applied as part of the monthly mortgage payment as each payment comes due during the(...) Read More
  • A licensed real estate professional and fiduciary for the party seeking to purchase a property (not be confused with a seller's agent, which(...) Read More
  • This is a real estate market where the demand for properties for sale is lower than the supply, providing an advantage for those looking to(...) Read More
  • Used in referring to a real estate market in which supply significantly exceeds demand, enabling potential buyers or renters to obtain lower(...) Read More
  • Doors that slide by each other and commonly used as closet doors. Read More
  • Property condition ratings imposed by the Single Family Uniform Appraisal Dataset (UAD), whereby appraisals must rate the condition of the home(...) Read More
  • A cabinet box is the interior frame and outer shell of a wall or base cabinet. Cabinet boxes normally have sides, a top and bottom panel and in(...) Read More
  • Cabinet crown molding is the same as crown molding often found in other rooms of the house, but it matches the kitchen cabinet finish. It is(...) Read More
  • Almost all kitchen and bathroom cabinets are 23 ½ inches deep, but when placing two cabinets together, such as a linen cabinet and vanity, it(...) Read More
  • Many wall and base cabinets have a hinged door that allow access to the interior of the cabinet. Cabinet doors normally have all-wood(...) Read More
  • This is the front of a wall or base box. The cabinet doors are normally hinged to the face of wall and base cabinets. The face is often, but not(...) Read More
  • The hardware installed to facilitate the opening and closing of your cabinet doors and drawers is called the cabinet hardware. Cabinet hardware(...) Read More
  • A cabinet layout is a design or footprint of your kitchen or bath showing the proposed locations of your cabinets. Each cabinet is normally(...) Read More
  • A more cost-friendly alternative to cabinet replacement where existing cabinets are repainted or have a veneer applied to them. Read More
  • The space between the top of the upper cabinets and the ceiling in kitchens. The soffit forms a boxed framework in this space. Read More
  • A cabinet valance is a decorative trim piece used to span a space between two wall cabinets. They are often used when there is a window over the(...) Read More
  • A column of masonry, usually rectangular in horizontal cross section, used to support other structural members. Read More
  • A provision of a note that allows the lender to require repayment of the loan in full before the end of the loan term. The option may be(...) Read More
  • The buyer or seller of a property can decide to cancel their agreement. This could occur due to an inability to finance the purchase if the(...) Read More
  • Used to cancel a lien that has already been filed. These are typically used to cancel the filed claim for public records. Read More
  • An overhang. Where one floor extends beyond and over a foundation wall. For example at a fireplace location or bay window cantilever. Normally,(...) Read More
  • The upper member of a column, pilaster, door cornice, molding, or fireplace. Read More
  • The portion of the flashing attached to a vertical surface to prevent water from migrating behind the base flashing. Read More
  • Consumer safeguards that limit the amount the interest rate on an adjustable-rate mortgage can change in an adjustment interval and/or over the(...) Read More
  • Your ability to make your mortgage payments on time. This depends on your income and income stability (job history and security), your assets(...) Read More
  • The principal part of a loan, i.e. the original amount borrowed. Read More
  • A repayment loan and the most conventional form of home loan. The borrower pays an amount each month to cover the amount borrowed (or capital or(...) Read More
  • Significant replacements or additions to existing properties or for new developments (excluding general maintenance and repair items), as(...) Read More
  • Capital gains tax is the profit an individual earns from the sale of a property or an investment. There are two categories for capital gains,(...) Read More
  • A permanent improvement to real estate that increases the value and/or useful life of the property. Read More

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