Read Between The Lines
If you’re in the market for a new home, or just watching your home’s comparables or just a typical house addict wanting to be in the know, you’re most likely reading tons of listing descriptions. Some are really well written and make you feel like you know the home while others can leave you feeling like you’re trying to piece together ancient hieroglyphics. Are you ready to decipher those descriptive words? Welcome to keeping it real estate. I’m your host Milana and I’m here to share my over 20 years of experience and expertise with you.
Listing descriptions put the home in its best light to attract potential buyers. You’ll never read a description that says, “Tiny house, major plumbing issues with cracks in the foundation” Right? So that’s why there are tricky descriptive words in the mix to soften the negative aspects of the home. Also remember finding a home is like finding a partner – there is no perfect one. You just look for more of what you want and less of what you don’t want. With that being said, lets decipher the top 10 most commonly used tricky descriptors
Handyman Special
That’s code for a house that’s been lived in and used, with significant signs of wear and tear that most people want but few can see the potential beyond the imperfections. It’s not exactly move-in condition yet its not a complete fixer upper. Think in between.
Up and Coming Neighborhood
These are those neighborhoods that have not yet reached their transition or maximum potential, Usually these are areas that are neglected or run-down, may have a few more updated homes but not many and they might even have a higher crime rate. However, such neighborhoods can quickly transform into popular locations with newer homes, new residents, new businesses, and very high real estate demand.
Bonus Room
In short, it means an extra room that isn’t technically a bedroom — and can be whatever you want it to be.
Investor Special
Really, really, really rough condition. It may even be in the middle of construction with no built walls. Most importantly these homes can only be bought with Cash or possibly a rehab loan.
Hidden Gem
Think of a home that is A diamond in the rough, considered to be a great opportunity for the right buyer. It could be dated, old, awkward or have other challenges that require creativity and out-of-the-box thinking.
Lovingly Maintained
Often referring to as a property that was owned for a very long time that shows neat and clean, but might not be the most updated; think carpet and tile and white appliances. These words often convey that at least one main functioning room—usually the kitchen or bathroom—needs renovation, but the systems and roofing are usually solid.
Original Details
This could mean anything from features like vintage hardwood floors, glass doorknobs and wood moldings or ornate old light fixtures. It’s dated with architectural flair. It’s also important to understand that it doesn’t necessarily mean that the condition of these details is salvageable or useable.
Potential, Fixer Upper and Opportunity
Saying a home has potential is a lot like saying: “This house may need a little bit of a face-lift before you invite your in-laws over for dinner.” The home has the potential to be a nice, livable space, but at the moment, it’s not.
So that’s the gist of things. Hopefully this guide has helped you navigate the sometimes murky waters that can be Real Estate Code.
If you need a Real Estate agent, I’d be more than willing to help you. If you are looking at the option of buying a home or selling a home in the San Francisco or the Peninsula in the near future please reach out to us.
