Valuation Definitions

When reading the insurance policy, there are many terms about valuation. Actual Cash Value: the fair or reasonable cash price property would bring in a fair market, allowing for depreciation. Assessed Value: The valuation placed on property by a public... Read more

Basic Construction Terms

When I study the construction phrases, I saw this set of terms of construction.  Recorded here for further use. Balloon Framed Wall – Framed walls (generally over 10′ tall) that run the entire vertical length from the floor sill plate... Read more