Our Blogs
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What Is The Difference Between Chattel And A Fixture?
If you want to buy a house, you may hear someone talk about the chattel or tangible personal property and the fixture. You need to understand these differences since it will help you know what is included in your purchase agreement and your purchase and sale documents. A chattel is a tangible personal asset in…
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What Is An Improvement Assessment in Property?
Land and property are assets that will usually appreciate when you improve the property. If you do not improve or maintain your property, the value can decline. The improvement assessment is how your property’s improvements are assessed for tax purposes. Each county in the United States may have different rules for assessing property improvements, so…
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What Is An Example Of Appurtenance?
When you are looking at Real Estate, many terms may seem unfamiliar. One of those terms is Appurtenance. An appurtenance is attaining to or being attached to the property. An appurtenance is when the attachment becomes part of the property. Appurtenance includes light fixtures, furnaces, air conditioners, barns, sheds, fences, and swimming pools. Anything attached…
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What Is The Meaning Of ‘Freehold’ In Real Estate?
When you hear a property is “freehold,” it is important to understand what it means when it is considered freehold. Freehold property means the land or property is legally free from hold by any party other than the owner. The owner is the rightful owner of the property and can use or dispose of it.…
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What Can I Do With A Utility Easement On My Property?
If you have a utility easement on your property, this can make a difference in precisely what you can do on your property. Each utility easement is not the same. A utility easement gives the utility company full access to your property for the “good of the community.” The Utility company does not need to…
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What Is Severance In Property?
The term severance is another real estate term that can sometimes be confusing. It can be confusing because severance in real estate can include joint tenancy and real property severance. Severance is about taking or severing real property so that it now becomes personal property. It also has to deal with the severing or termination…
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Single-Family Vs. Duplex Vs. Accessory Dwelling Unit Explained
Today when you’re looking at the housing market, there could be so many different words going around, such as a single-family dwelling unit, a duplex unit, or an accessory dwelling unit. These may all seem similar, but there are some differences between them. A single-family dwelling unit is a unit that is occupied by just…
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Do Modular Homes Come With HVAC?
When people look at investing in a modular home, they want to understand what comes with a modular home. In particular, if the house comes with HVAC units. The modular home you purchase comes with some HVAC or heating and cooling system. What type of system will depend upon the type of mobile home you…
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Do Modular Homes Come With Electrical And Plumbing?
When people are looking to buy a modular home, one of the first things they want to know is what the house comes with. In other words, will you be hit with many hidden costs you do not know about? When you purchase a modular home, all the electrical and plumbing should be included in…