Definition of "New town"
Planned development having different types of homes, retail stores, recreational property (e.g., swimming pool), and employment. The planned community is typically near a metropolitan location so it can enjoy the associated amenities.
Popular Real Estate Terms
Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...
Gentrification is an urban development phenomenon wherein a specific area changes its population profile by way of an economic appreciation of its real estate. The best way to understand ...
Designing a home with a Spanish cultural flavor. ...
Brick wall where a space or cavity is left between the inner and outer walls and is usually filled with insulation. ...
A statistical procedure using a body of measurable independent variables to compute an equation that successfully measures and forecasts the variance in another variable, the dependent ...
Net return rate earned on an equity investment in real estate after deducing any interest costs and taxes. ...
Contractual provision allowing an individual or business to renege on a commitment in certain cases without being penalized. ...
Insurance or maintenance policy taken out by a buyer of real or personal property. ...
Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
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