Category: Homeownership

Real Estate Term of the Day: Homeownership & Homeownership Rate

March 17, 2015

Real Estate Term of the Day: Homeownership & Homeownership Rate HOMEOWNERSHIP – the state of living in a structure that one owns. Contrasted with being a renter or tenant in one’s home (Barron’s Dictionary of Real Estate Terms)  HOMEOWNERSHIP  RATE – the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area (Barron’s Dictionary … More Real Estate Term of the Day: Homeownership & Homeownership Rate

Real Estate Term of the Day: Homeowners’ Association (HOA)

March 16, 2015

Real Estate Term of the Day: Homeowners’ Association (HOA) HOMEOWNERS’ ASSOCIATION (HOA) – an organization of the homeowners in a particular subdivision, planned unit development, or condominium; generally for the purpose of enforcing deed restrictions or managing the common elements of the development (Barron’s Dictionary of Real Estate Terms)  According to the Colorado Department of Regulatory Agencies’ website: … More Real Estate Term of the Day: Homeowners’ Association (HOA)

Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure

March 13, 2015

Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure HISTORIC DISTRICT – a designated area where the buildings are considered to have some significant historic character. Such designation makes the area eligible for certain federal assistance programs and protects the area from clearance in conjunction with federally sponsored programs (Barron’s Dictionary of … More Real Estate Term of the Day: Historic District, Historic Preservation, Historic Structure