Any property which is substantially similar to another property.

The complete history of ownership of a piece of property. These might include natural amenities such as location or proximity to mountains, or man-made amenities like swimming pools, parks or other recreation. The natural rise in property value due to market forces. The percentage of properties in a given area that are occupied. Also, the process of inspecting a property for any damage prior to that property being bought or sold. The floor of a fireplace or the area immediately in front of it. Any property which is substantially similar to another property. Any property which has no outstanding claims or liens against it.

An account, or fund, setup for the replacement of short life items , such as carpeting, in the common areas of a cooperative property. The part of the roof that extends beyond the exterior wall. The amount of time which any income-producing property is able to provide benefits to its owner. The repayment of a loan through regular periodic payment. An appraisal practice which estimates the value of a property by comparing it to comparable properties which have sold recently.

Chattel is not commonly taken into consideration when appraising the value of real property. Electrical cable shrouded in a galvanized steel outer cover. The method whereby a home owner develops equity in a property, either during the purchase or throughout its life, by personally constructing improvements rather than paying to have them built.

Any person who gives away ownership of a piece of property. Horizontal beams laid on edge to support flooring or a ceiling. Any defect in a piece of property which is not readily apparent, but which has an impact of the value. Material used around windows and doors to prevent drafts.