![]() ‘RERA’: The Real Estate Regulation Act protects the interests of the home buyer against any malpractices of unfair builders.So we’ve shortlisted 6 Real Estate terms you should know to make your homebuying experience as effortless and clear as possible. Not anymore, because today, clarifications are a simple internet search away! Today, reputed developers in Mumbai find their clients’ knowledge of industry terms to be more of a boon, allowing for a clear and balanced sale for both parties. Once upon a time, developers and builders used terminology that served to confuse the buyer more than reassure. It’s much the same with all industries, and under the umbrella of ‘all industries’ is the Real Estate Industry. When suddenly you’re faced with a slew of words and phrases you aren’t too familiar with- ‘the bias’, grain, anchoring stitch, basting… And yet somehow these terms are important enough for you to pay attention to because they evidently add value to the garment, and having a grasp on them affords you the ability to ensure the quality of the shirt you get in the end. You’re familiar with the standard terms length, shoulder width, hemline, neckline, cut, fit, etc. You’ve gone to the tailor for a new shirt. Look for future articles on this subject or visit our site to read more terms.Consider the following scenario. If you can get the verbiage down, you’ll be way ahead in the real estate game. Sometimes it means the water can be seen from one upstairs window when the leaves are off the trees! Also, many times a new structure might block the view at some time in the future unless there is a protective covenant or something to prevent it. Water view just means water can be seen from the property. Sometimes the property line actually goes into the water. Waterfront property actually has a common boundary with (frontage on) the water. They tend to be charming, bright, sunny places in which to over winter plants and sit in the garden in chilly or downright cold weather. The choice of what to call them seems purely personal. Many times these areas also have skylights. These terms are used to describe rooms with lots of windows (often on three sides). Each room can usually be closed off with a door. Used to describe a home with rooms opening off a hall or halls. A terrace has adjoining areas of ground which are higher, or lower, or perhaps both. A patio is level with the ground around it. “Split Bedroom Plan”Ī term often used to describe a home (usually one level) with the master bedroom on one side of the living areas and the rest of the bedrooms on the opposite side.īoth are outdoor living areas paved with something like slate or brick. ![]() Often entertaining rooms (living room, dining room, sun room, entrance foyer) are open to each other, and family living areas (kitchen, breakfast room, family room) are open to each other, while bedrooms have doors and open off a hall in a more traditional way. “Open Floor Plan”ĭescribes a home in which rooms open out of each other and it’s possible to see from one room to another. I suppose in the new builder speak we should just think of the room as an informal family living room. Thus houses and their terminology seem to be evolving. Now some builders are building houses with something akin to the first use of “Great Room” above and calling it the “Family Room” on the floor plan. It used to be that when an ad mentioned a family room, we could assume it also had a living room. When a home has both a living room and a family room, we know which is which. Sometimes the doors are into a bedroom and into a hallway. It is frequently situated between two bedrooms with doors to each. The window is in an upright position, but that causes it to stick up above the roof, so it gets its own little roof (usually a gable roof) that is tied into the main roof where they meet at right angles.Ī bathroom with two doors into it. ![]() They can get confusing, we know! That’s why we decided to breakdown some popular lingo used in real estate listings.Ī window in an upstairs room that has a slanting ceiling which follows the slope of the roof. If you are buying or selling a home, the chances are good you struggle with the meaning of descriptive real estate terms. ![]()
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