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Half-bath
Also called a powder room, a half-bath contains a toilet and
a sink but no bathtub or
shower stall. |
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Hazard insurance
This provision of homeowners insurance covers damage by fire,
wind or other disaster. It
is required by all lenders before a loan is approved. |
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Header
Crossbeams above windows and doors. |
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Heat pump
An electric cooling and heating system. |
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Hectare
The equivalent of 2.471 acres. |
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High density
The concentration of housing units in a specific area or on
a specific property. |
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High-rise
Any building higher than six stories. |
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Hip roof
A pitched roof with sloping sides. |
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Historic preservation
The physical rehabilitation of a historic home or building,
and the movement of the same name begun in the 1960s in the
U.S. to preserve and protect landmarks and urban neighborhoods
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Historic structure
A home or building listed in the National Register of Historic
Places and certified as historic by the U.S. Secretary of
the Interior | website |
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Home equity conversion mortgage
Loans made to older owners who want to convert equity into
money. Because borrowers are qualified on the basis of the
value of their home, e, the loan is not the same as a home
equity loan. Also known as reverse mortgages | apply
for a home loan |
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Home equity loan
A loan that allows owners to borrow against the equity in
their homes.
apply for a
home equity loan |
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Home inspection
An examination of a home's construction, condition and internal
systems by an inspector or contractor prior to purchase. |
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Home rule
The power of a local government to adopt its own land-use
regulations. |
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Home warranty
A type of insurance that covers repairs to certain parts of
a house and some fixtures. |
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Homeowners' association (HOA)
A group that governs a modern subdivision or planned community.
An association collects monthly fees from all owners to pay
for maintenance of common areas, handle legal and safety issues,
and enforce the covenants, conditions and restrictions set
by the developer. |
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Homeowners' insurance
This insurance includes hazard coverage for any damages that
may affect the value of a house, in addition to personal liability
and theft coverage. |
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Homeowners' warranty
Special insurance policies that cover certain home repairs
for a specified amount of time.
find
a home warranty |
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Homesteading
A document that to protects some of a home's equity from lawsuits. |
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Hopper window
A window that contains a single sash that tilts inward. |
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Hose bibb
A threaded faucet connection for devices such as a washing
machine. |
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Hours of operation (in a lease)
States the hours of business a tenant must maintain. |
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House wrap
A polyethylene barrier wrapped around a house to save energy. |
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Housing discrimination
The illegal practice of denying an individual or group the
right to buy or rent a home based on race, color, religion,
national origin, sex, disability or family status | website |
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Housing expense ratio
The percentage of gross monthly income devoted to housing
costs. |
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HUD-1 Uniform Settlement Statement
A closing statement or settlement sheet that outlines all
closing costs on a real estate transaction or refinancing. |
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