Real Estate Term of the Day: Asbestos

Real Estate Term of the Day: Asbestos ASBESTOS – insulation material frequently used in older buildings as pipe wrap, boiler insulation, floor tile, and ceiling coating (called Asbestos-Containing Material or ACM).  Asbestos may become brittle with age.  In that condition, it may crumble and release particles which, like dust, become airborne.  Breathing asbestos particles may … More Real Estate Term of the Day: Asbestos

Real Estate Term of the Day: Architecture

Real Estate Term of the Day: Architecture ARCHITECTURE – the manner in which a building is constructed, including the layout, floor plan, style and appearance, materials used, and the building technology used (Barron’s Dictionary of Real Estate Terms) Below are several examples of architectural styles from the National Association of Realtors: American Farmhouse Art Deco … More Real Estate Term of the Day: Architecture

Real Estate Term of the Day: Appreciation

Real Estate Term of the Day: Appreciation APPRECIATION – an increase in the value of property. Causes for appreciation for real estate may included inflation, demand pressures for land and buildings, physical addition, modernization, removal of a negative factor from within or outside the property, time, and sweat equity (Barron’s Dictionary of Real Estate Terms) … More Real Estate Term of the Day: Appreciation