1. Architectural Design: The process of planning and creating the layout and structure of buildings, whether residential or commercial.
  1. Building Permit: A legal document issued by local authorities allowing the construction, modification, or renovation of a residential or commercial property.
  1. Construction Management: The oversight and coordination of all aspects of a construction project, ensuring it is completed on time and within budget.
  2. Commercial Real Estate: Properties primarily used for business or income-generating purposes, such as offices, retail spaces, and industrial facilities.
  1. Demolition Services: The controlled and safe dismantling or destruction of structures, often as part of a redevelopment or renovation project.
  2. Design-Build: An approach where a single entity handles a project’s design and construction aspects, streamlining the process.
  1. Energy Efficiency: Using technologies and practices to reduce energy consumption and environmental impact in residential and commercial buildings.
  2. Environmental Impact Assessment (EIA): An evaluation of the potential ecological consequences of a proposed development project.
  1. Foundation Repair: The process of restoring and stabilizing the foundation of a residential or commercial building to prevent structural damage.
  2. Foreclosure: The legal process through which a lender takes possession of a property due to the owner’s inability to make mortgage payments.
  1. General Contractor: The individual or firm responsible for the overall coordination and management of a construction project.
  2. Green Building: The practice of designing, constructing, and operating buildings in an environmentally responsible and resource-efficient manner.
  1. Home Inspection: A thorough examination of a residential property’s condition before purchase.
  2. HVAC (Heating, Ventilation, and Air Conditioning): Systems that control temperature, humidity, and air quality in residential and commercial buildings.
  1. Interior Design: The art and science of enhancing the interior of residential and commercial spaces for aesthetics and functionality.
  2. Investment Property: Real estate purchased to generate rental income or capital appreciation.
  1. Joint Venture: A business arrangement where two or more parties collaborate on a specific residential or commercial real estate project.
  1. Kitchen Remodeling: The renovation or modification of a residential or commercial kitchen to improve its functionality and appearance.
  1. Landscaping: The art of designing and maintaining outdoor spaces, including gardens, lawns, and green areas.
  2. Leasing Agreement: A legal contract outlining the terms and conditions for renting residential or commercial properties.
  1. Mortgage Loan: A loan used to finance the purchase of residential or commercial real estate, typically secured by the property itself.
  2. Mixed-Use Development: A development that combines residential, commercial, and sometimes industrial or institutional uses within a single project.
  1. New Construction: The process of building entirely new residential or commercial structures from the ground up.
  2. Non-Residential Property: Real estate properties used for purposes other than residential, such as offices, retail spaces, and industrial facilities.
  1. Open House: A scheduled event during which a residential property is open for potential buyers or renters to tour.
  2. Office Space Planning: The design and layout of office interiors to maximize functionality and productivity.
  1. Property Management: The oversight and maintenance of residential and commercial properties on behalf of owners or landlords.
  1. Qualifying for a Mortgage: The process by which individuals or businesses are assessed for eligibility to obtain a mortgage loan for a residential or commercial property.

 

  1. Renovation: The process of updating or improving the condition and functionality of a residential or commercial property.
  2. Residential Real Estate: Properties primarily used as dwellings, including single-family homes, apartments, and condominiums.
  1. Site Development: Preparing land for residential or commercial construction, including excavation, grading, and infrastructure installation.
  2. Sustainable Design: Design principles prioritizing environmental responsibility and resource efficiency in residential and commercial buildings.
  1. Tenant Improvement (TI): Alterations and improvements made to a commercial space to meet a tenant’s specific needs.
  2. Title Search: An examination of public records to verify the legal ownership and history of a residential or commercial property.
  1. Urban Planning: The discipline of designing and regulating land use in urban areas to create functional and aesthetically pleasing environments.
  1. Vacation Rental: A residential property rented out to tourists and travelers on a short-term basis.
  2. Value Appraisal: An estimation of the monetary worth of a residential or commercial property, often conducted by a professional appraiser.
  1. Waterproofing: The application of protective measures to prevent water from entering a residential or commercial building.
  2. Zoning Regulations: Local laws and regulations that dictate land use, including the types of residential and commercial activities allowed in specific areas.

We define terms related to various aspects of residential, commercial, and real estate services at PALMETTO, helping clients and stakeholders better understand the industry and its terminology.