Real Estate Flashcards
A person who rents out property to others.
Landlord
The landlord raised the rent, which caused some tension among the tenants.
A person who rents or occupies a property.
Tenant
As a tenant, you should respect the property and its rules.
A legal contract that allows someone to use property for a specified period.
Lease
We signed a one-year lease for the apartment.
A loan used to buy property, typically repaid over several years
Mortgage
Paying off a mortgage can take many years.
Money used to purchase property with the expectation of making a profit.
Investment
Example: Real estate can be a lucrative investment.
Having plenty of space.
Spacious
The spacious kitchen is perfect for cooking and entertaining.
Warm and comfortable.
Cosy/Cozy
Their cozy cottage is nestled in the woods.
Within one’s budget; reasonably priced.
Affordable
Finding an affordable home in this city can be challenging.
Extremely comfortable and elegant.
Luxurious
The penthouse suite offers a luxurious living experience.
Relating to the countryside or a rural area.
Rural
The rural landscape is breathtaking.
In a state of disrepair or ruin.
Dilapidated
Example: The old, dilapidated house needs extensive renovation.
To repair or improve a property.
Renovate
Renovating an old building can be a costly endeavor.
To put money into property or other ventures with the expectation of making a profit.
Invest
Investing wisely is key to building wealth.
To discuss terms and conditions, typically in a real estate transaction.
Negotiate
Skilled negotiators can secure better deals.
To move to a different location.
Relocate
They decided to relocate for better job opportunities.
To take possession of a property when the owner fails to make mortgage payments.
Foreclose
The bank had to foreclose on the property due to non-payment.
To start living in a new home.
Move in
Example: They plan to move in next week.
To withdraw from a commitment or agreement.
Back out (of a deal)
The buyer backed out of the deal at the last minute.
To improve the condition of a property.
Fix up:
They decided to fix up the old farmhouse.
To inspect or examine a property.
Check out:
Let’s check out the neighborhood before making a decision.
To get a good bargain.
Score a deal: Colloquial phrase
They scored a great deal on that house.
The process of searching for a new home.
House-hunting:
We’re going house-hunting this weekend.
The genuine or authentic thing.
The real McCoy:
This historic cottage is the real McCoy.
Having a place to live.
A roof over one’s head
All they wanted was a roof over their heads.
The overall condition and trends in buying and selling real estate.
Property market
The estimated worth of a property.
Property values
Property values have been steadily increasing in this area.
“I am interested in acquiring a residential property in this neighborhood.”
Acquiring - to purchase
Features or facilities that enhance the appeal of a property, such as a swimming pool or gym.
Amenities
The apartment complex offers various amenities for residents.
A building divided into two separate, self-contained units.
Duplex
They purchased a duplex with the intention of renting out one unit
An initial payment made when purchasing property, typically a percentage of the total price.
Down payment
They had to save up for a substantial down payment on their house.
The process of dividing land into different use zones, such as residential, commercial, or industrial.
Zoning
Zoning regulations restrict certain types of businesses in residential areas.
Hidden or private; away from the hustle and bustle.
Secluded
The secluded cabin in the woods was perfect for a weekend getaway.
Extremely impressive or stunning.
Breathtaking
The view from their penthouse was absolutely breathtaking.
Referring to the best or most desirable location.
Prime
This property is in a prime location, close to schools and shopping.
Having a variety of different characteristics or features.
Diverse
The neighborhood is known for its diverse community.
To move to a smaller or less expensive property.
Downsize
After the kids left for college, they decided to downsize their home.
To assess the value of a property, often done by a professional appraiser.
Appraise
To fail to meet financial obligations, often related to mortgage payments.
Default
If you default on your mortgage, the bank can foreclose on your property.
Only; exclusively.
Solely
The decision to sell the property was solely hers.
: To profit from a situation or opportunity.
Cash in on
To establish a permanent home in a particular place.
Put down roots:
An event where a property is made available for prospective buyers to view.
Open house:
The administration and maintenance of rental properties.
Property management:
The solid base upon which a house is built.
Foundation
The foundation of the house had to be reinforced due to settling.
The shape and design of the roof of a building.
Roofline
The overhanging edges of a roof that provide shade and protection.
Eaves
A channel attached to the roof to collect and direct rainwater.
Gutter
A vertical structure used for venting smoke and gases from a fireplace.
Chimney
The craft of building with bricks, stones, or concrete.
Masonry
The masonry work on the exterior walls was beautifully done.
The front-facing exterior of a building.
Facade
The outer covering or cladding of a house.
Siding
Large, horizontal supporting structures typically made of wood or steel.
Beams
The entrance hall or lobby of a house.
Foyer
A window in the roof that allows natural light to enter a room.
Skylight
A large window that projects outward from the main wall of a building.
Bay window:
Specific design elements that contribute to a building’s style.
Architectural detail:
Decorative trim installed where the walls and ceiling meet.
Crown molding
The crown molding in the master bedroom added a touch of elegance.
Wooden flooring made of hardwood materials.
Hardwood floors
Colored glass used in windows, often featuring intricate designs.
Stained glass:
Decorative paper applied to walls for patterns and texture.
Wallpaper
Ceramic or porcelain tiles used for flooring, backsplashes, and bathrooms.
Tiles
Soft floor coverings made of woven or tufted fabric.
Carpets
A cost-effective alternative to hardwood for flooring and countertops.
Laminate
A durable and luxurious stone used for countertops and surfaces.
Granite
Prized for its elegance and used for countertops and decorative accents.
Marble
Modern and sleek material used for appliances and fixtures.
Stainless Steel
Used for decorative wall finishes and moldings.
Plaster
Used for pottery, tiles, and decorative accessories.
Ceramic
Used for railings, gates, and decorative elements.
Wrought Iron
Resilient and waterproof material used for flooring and wall coverings.
Vinyl
Used for backsplashes and decorative accents.
Glass Tiles
A stand or wall-mounted rack for storing and displaying hats.
Hat Rack:
A decorative ceiling-mounted light fixture with multiple arms and crystals.
Chandelier
Umbrella Stand
A container for storing umbrellas near the entrance.
