Allowances

Definition

  • Money set aside by builders for amenities or services such as driveways, landscaping, carpeting, and fixtures. These amenities are usually standard, but they can have optional designs.
  • An amount of something that is permitted or within guidelines.

Synonyms
allocations, allotments

Related Terms and Acronyms

  • Builder Upgrades Definition,
    • Refined features or materials that a builder offers for an extra charge.
  • Custom Builder Definition,
    • A contractor that constructs or remodels houses based on plans submitted by the client.
  • Fixture Definition,
    • Personal property that becomes real property when it is attached to a building. Examples include chandeliers, built-in bookcases and cabinets and drapery rods.
  • Semi-custom Home Definition,
    • A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
  • Speculation Builder Definition,
    • A developer that builds houses without a commitment from a purchaser.
  • Speculation Home Definition,
    • A house built before a buyer has been found, on the assumption that one will be found.
  • Upgrades Definition,
    • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
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