REAL ESTATE TERMS

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There are currently 4 names in this directory beginning with the letter H.
HOME INSPECTION
A home inspection is a professional consulting service that determines the present condition of the home’s major systems, based on a visual inspection of accessible features. It focuses on the performance of the home, rather than cosmetic, code or design issues. Inspections are often performed during a real estate transaction but may be done anytime.

HOMEOWNER'S ASSOCIATION
Also know as HOA,  a Home Owner Association is created by a Real Estate Developer in a subdivision, planned community or condominium that makes and enforces rules for the properties in its jurisdiction.

HOMEOWNER'S INSURANCE
When you purchase a home, it's also necessary to purchase insurance to cover any losses or damages you might incur, such as natural disaster, theft, or damage.

It also protects the homeowner from liability against any accidents in the home or on the property. Usually, insurance payments are included in your monthly mortgage payments.

HOMEOWNER'S WARRANTY
An insurance that covers repairs to specified parts of a house for a specific period of time. It is provided by the builder or property seller as a condition of the sale.