When learning other languages, it is important to realize that there are common works and special vocabularies for each professional area. You can learn and operate simple words to describe your home and everything inside and outside of it, but to get more in-depth knowledge, you will need to learn the real estate vocabulary. You can find a lot of words for this and other industries at the website https://www.grade.ua/uk/
There is a misconception that people only need specialized terminology when they want to be proficient in a certain sphere. However, it is impossible to avoid real estate vocabulary in your day-to-day life as well. Every time you want to move to a new apartment or buy a house, do some renovations at home and hire a professional construction worker, etc., you will need to know these specialized words to be able to communicate efficiently and know what you are doing.
What Is Real Estate?
First things first, it is important to understand what real estate is exactly. When you are buying a house, you are essentially buying a real estate. Real estate consists of a piece of land and an immovable property located on it. For example, everyone owns different kinds of property. From cars and boats to house furniture and gold — all of it is movable property. When you have something attached to the land, such as a house, a garage, or even a small storage shed — this is real estate.
There are different types of real estate as well. Learning about them will allow you to distinguish the different kinds and communicate with the agent easily:
· Residential — as you can probably guess from the name, this type of real estate is made for the residents to live in. This includes houses, apartments, condominiums, and more.
· Commercial — these are buildings designed for commercial purposes, such as shops, malls, hotels, parking zones, medical facilities, etc.
· Industrial — these structures are used for manufacturing, storing, development, and more.
· Land — the land itself without any structures on it is also considered real estate.
Now that we have discussed the definition of real estate and its main types, it is time to learn some specialized terminology.
Real Estate Vocabulary
To make this vocabulary more digestible, all the terms can be divided roughly into different categories.
General Terminology
· Agent — an agent is essentially a salesperson but in real estate. Agents help their clients with buying or selling property;
· Showing — otherwise known as a tour, it is a meeting that an agent organizes to demonstrate real estate listed for sale. If you are selling a property, you might hire an agent to bring potential buyers to see your house or flat before purchasing it. If you are looking for a place, you can visit a showing of a real estate that interests you.
· Offer — this is a proposition of buying real estate. You can either make an offer if you want to buy a house or receive offers from interested buyers.
· Counter offer — when a seller receives an offer for their real estate, they might want to make some changes. If the offer is not completely satisfactory, the seller can make a counteroffer with more favorable conditions.
· Home value report — this is an important document made by real estate specialists to evaluate the price of your property. Many factors need to be taken into consideration, such as the size of your property, its condition, renovations, furniture, the area where it is located, etc. After the value is calculated, the agents can use this information to help with selling your property beneficially.
· Landlord — a person who owns real estate and offers it to people for rent.
· Tenant — a person who pays money to rent certain real estate from the landlord.
Outside Real Estate
· Development — this is an area where everything was planned and built following this plan. For example, a huge piece of land is bought to build a full neighborhood. Everything is planned out first, and then, construction begins.
· Amenity — this is a public area or facility that you can normally find in residential areas. When you are considering moving somewhere, you also check the amenities near your potential home, such as parks, transportation stops, cafes, cinemas, etc.
Inside Real Estate
· Open-plan — this is a type of house or apartment that has a big space instead of smaller spaces divided by walls.
· Fixture — these are objects that are attached to the property but can be removed if necessary. For example carpets, plumbing fixtures, etc.
· Inventory — a list of everything that can be found in the property.
· Ensuite bathroom — a bathroom that is connected directly to the bedroom, which makes them a joint set of rooms.
These are only a few special vocab terms that you can use when talking about real estate. All of these terms are useful even if you simply want to rent a new apartment.
