Real Estate Acronyms and Abbreviations

Here are some abbreviations and the meaning of each, taken from a recent newspaper classified section:

assumable financing

deck

garage (garden is usually abbreviated "gard")

may be extra space on the lot, or possibly vertical potential for a top floor or room addition. Verify actual potential by checking local zoning restrictions prior to purchase.

fabulous pentroom, a room on top, underneath the roof, that sometimes has views

formal dining room (not the former president)

fireplace

gourmet kitchen

hardwood floors

high ceilings

potential for a separate apartment. Sometimes, local zoning codes restrict rentals of such units so be sure the conversion is legal first.

this is one of several floor plans available in a specific building

leased parking area, may come with an additional cost

find out just how low these homeowner's dues are, and in comparison to what?

near the best schools

private

powder room, or half-bath

upper floor

view(s)

better check this one out.


Resources: "Real Estate's Ambiguous Language You Oughtta Understand," Glennon H. Neubauer, Ethos Group Publishing, Diamond Bar, CA; 1993.


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