Home Builders Key Terms
Start your career with knowledge of home builders key termsHome builders need to know more than how to build a home that people will like. There are many terms that they must understand regarding the legalities of building homes. For example, builders should hold builder's risk insurance to ensure that they are protected from accidents. They must also ensure that the building is "up to code" and that the residents have a Certificate of Occupancy before moving in. Whether dealing with allowances or making choices based on SEER, thorough knowledge of these key terms will help you out.
Builder's risk insuranceBuilder's risk insurance is a type of insurance that covers a home as it is being built. It helps protect the builder from any losses.
Building codesBuilding codes are laws that cities and states make to ensure a minimum level of safety within a building. All home builders must make sure that their buildings are "up to code," which means that they must follow the rules when building.
Certificate of OccupancyAfter the building company completes a project, the County Building Department will issue the Certificate of Occupancy, showing that the building has been inspected and that it is suitable for living.
New York City Government.
Conditions, covenants, and restrictions (CC and Rs)The conditions, covenants and restrictions, or CC and Rs, on a property make stipulation for how a particular property can be used, such as whether it is a residential or commercial property.
Seasonal Energy Efficiency Ratio (SEER)The seasonal energy efficiency ratio (SEER) is a rating method for air conditioners. When building a home, builders should opt for a central air conditioner with a high SEER rating in order save the homeowner the most energy.
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