People
The person who sells houses.
agent
A home inside a tall building with many homes.
Apartment
Money you pay every month to live in a house or apartment.
rent
A room where you cook.
kitchen
A piece of land with a home or other building on it.
property
The person who buys a house.
Buyer
A home that you own in a building but share walls or spaces.
Condominium
Money you borrow from a bank to buy a house.
What is a loan (or mortgage)?
A room where you sleep.
bedroom
A paper you sign when you agree to rent a house.
Lease
The person who owns a house and rents it to someone else.
Landlord
A home that is divided in two and has two families inside.
A duplex
The first payment you give when buying a house.
What is a down payment?
A room where you take a shower or bath.
bathroom
The paper that says you own a house.
Deed/Title
The person who pays rent to live in a house.
What is a tenant?
A home that can move from place to place.
Mobile Home
Extra money you pay the bank for a loan.
interest
The outside part of the house with grass.
yard/ garden
The increase in value of a house over time.
Appreciation
The person who gives money for a home loan.
bank
A home with only one main floor
Ranch
The total price you pay for a house.
purchase price
The main bedroom
Master Bedroom or Owner's Suite
Money you pay every year for the city or government for your home.
Property Tax