Wood-destroying Insect
Definition of "Wood-destroying insect"
An insect, such as a termite, that "eats into" the wood and destroys it. This can cause significant damage to the home. Most states have laws that require termite inspection and certification when a house is sold. Many homeowners take out policies for an annual fee with termite companies as protection.
Popular Real Estate Terms
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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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Water/plaster mix used as a surface for walls and ceilings. ...
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Considering future occurrences that may possibly arise. ...
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