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Habendum clause

The "to have and to hold" clause that defines the quantity of the estate granted in the deed.

A half-bath contains a toilet and a sink but no bathtub or shower stall. (Also called a powder room)

Handyman's special
A house in fixer-upper condition.

A material made from wood fibers that is designed to simulate wood.

Wood that comes from deciduous trees such as oak, walnut and maple.  Typically used for fine interior finishes.

Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. Buyer often adds liability insurance and extended coverage for personal property.

Head jamb
The top horizontal member in a door or window frame.

A crossbeam above a window or door.

Heat anticipator
A component of a mechanical thermostat that shuts off the furnace or boiler just before the set temperature is reached to prevent overheating.

Heat pump
An electric cooling and heating system.

The equivalent of 2.471 acres.

Homebuyer Education Learning Program; an educational program from the FHA that counsels people about the homebuying process; HELP covers topics like budgeting, finding a home, getting a loan, and home maintenance; in most cases, completion of the program may entitle the homebuyer to a reduced initial FHA mortgage insurance premium-from 2.25% to 1.75% of the home purchase price.

A gap between two parcels of land that is not included in the legal description of either property.

High density
The concentration of housing units in a specific area or on a specific property.

Any building taller than six stories.

Hip roof
A pitched roof with sloping sides.

Historic preservation
The physical rehabilitation of a historic home or building to protect landmark property.

Historic structure
A home or building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.

Hollow-core door
A door with a hollow interior.

Home equity line
An open ended line of credit based on a homeowner's accumulated equity.

Home equity loan
A loan that allows owners to borrow against the equity in their homes however unlike a home equity line this product provides a defined amount at closing without an option to redraw in the future.

Home inspection
An examination of the structure and mechanical systems to determine a home's safety; makes the potential homebuyer aware of any repairs that may be needed.

Home inspector
A licensed professional who evaluates the structural soundness and operating systems of a residence.

Home price
The price agreed upon by a buyer and seller, usually based on an appraisal of the house's market value.

Home rule
The power of a local government to adopt its own land-use regulations.

Homeowner's insurance
An insurance policy that combines protection against damage to a dwelling and Is contents with protection against claims of negligence )r inappropriate action that result in someone's injury or )property damage.

Homeowners Association (HOA)
A group that governs a subdivision, condominium or planned community.  The association collects monthly fees from all owners to pay for common area maintenance, handle legal and safety issues and enforce the covenants, conditions, and restrictions set by the developer.

Homeowners Association dues
Monthly payments due to a homeowners' association to be used for maintenance and communal expenses.  Condominiums, townhouse complexes, and planned unit developments (PUDs) may require monthly homeowners' association dues.

Homeowners Warranty
Offers protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowner's insurance; ,overage extends over a specific time period and does not cover the home's structure.

A statutory protection from execution or the establishment of title by occupation of real property in accordance with the laws of various states or the Federal Government.

A document used to protect some of a home's equity from lawsuits.

A term used to describe an area or neighborhood where the property types and uses are similar and compatible.

Hopper window
A window that contains a single sash that tilts inward.

Hose bibb
A threaded faucet connection for devices such as a washing machine.

Hot wire
An ungrounded conductor that carries electrical current from the source.

House wrap
A polyethylene barrier wrapped around a house to save energy.

Housing counseling agency
Provides counseling and assistance to individuals on a variety of issues, including loan default, fair housing, and homebuying.

Housing discrimination
The illegal practice of denying an individual or group the right to buy or rent a home based on race, color, religion, national origin, sex, disability, or family status.

Housing expense ratio
The percentage of gross monthly income devoted to housing costs.

The U.S. Department of Housing and Urban Development; established in 1965, HUD works to create a decent home and suitable living environment for all Americans; it does this by addressing housing needs, improving and developing American communities, and enforcing fair housing laws.

HUD-1 Uniform Settlement Statement
Also known as the "settlement sheet," it itemizes all closing costs; must be given to the borrower at or before closing.

Device that measures the amount of water vapor in the air and turns a humidifier or dehumidifier on and off accordingly.

Heating, Ventilation and Air Conditioning; a home's heating and cooling system.