Have you ever wondered what some of the real estate descriptions truly mean when you read a real estate listing? While some descriptions are straight forward, like “3 bedrooms” or “”1 bath, what does “unspoiled” mean? How about “classic”? When you are searching for that perfect home, it can be hard to know what a house might have to offer from the few short sentences and 1″ square picture that is your first impression. If you really want to know, call me and we can discuss real estate whenever you want. If you want to do a little homework first, here’s my coles notes on a few real estate terms unmasked.

REAL ESTATE TERMS UNMASKED

    Fixer Upper

    Fixer Upper (Photo credit: kcnickerson)

  • Needs some TLC – Watch out unless you are a ready for a lot of work. While you might think tender loving care comes in the form of paint, more often than not, TLC stands for “tonnes of labour to come“. Beware the fixer upper!
  • On the edge of… – While the surrounding neighbourhood might have a draw, the one this house is situated in isn’t quite there. It might be cheaper, but there might be a reason for that. Sometimes location is everything.
  • English: Starter home? One-up, one down, no ma...

    English: Starter home?

  • Starter home – We all have to start somewhere, but usually that means smaller and with less bells and whistles. Don’t expect an executive master or custom kitchen here. The “basics” are what you get when you are starting out folks.
  • Move-in ready – Hope you like the paint scheme, because the present owners just painted. Some upgrades might have been done recently, so no big projects are glaringly obvious to the potential buyer.
  • Cute – Much as babies and puppies are cute when they are small, so too does a house look cute when it is compact. Your square footage probably won’t be through the roof on a “cute”, but small house.
  • Nice sized – You won’t find measurements as small as in your last “cute” house, but a nice-sized room often isn’t overly large. You’ll be able to fit in the basics to a nice-sized home, but there won’t be tonnes of room left over.
  • Larger than it looks! – At first glance, again this home might not break the bank on exterior measurements, but layout has probably been optimized to maximize what square footage there is.
  • Basement potential

  • Basement potential – In a word; unfinished. The nice thing though is that most times the height of the basement ceiling should be high enough to potentially finish the space to create livable space with a little work.
  • Unspoiled – Similar to the above entry, “unspoiled” means that the described item is original to the house. No work has been done to it either properly or to mar the historical aspect of it. Mold this “unspoiled” item to your own designs!
  • Classic – Anything that is “classic”, usually also translates to it being old. Whether it is a classic neighbourhood with older homes dating back a century or more, or classic features, like crown mold or wide base boards, you can bet that you won’t be finding these classic features on a newly built model.

What are you looking for in a house?

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