Terms Beginning With - V
Property Development & Investment Glossary, Terms & Definitions
The expected vacancy rate of a property.
Land that has not been renovated.
The value or utility of a product or service.
The running costs that fluctuate depending on the property's occupancy.
Variable rate mortgage (VRM)
A mortgage with variable interest based on a specified index rate.
A person who buys real estate.
A person who sells real estate.
Veterans Administration (VA)
A federal agency that grants house loans to veterans who qualify.
Volume per square feet
This approach involves multiplying the modified gross building volume in square feet by a predefined cost per unit of volume to estimate the likely final construction cost.
A lien put on property with the owner's permission.