 |

Glossary of Terms
Elevation The exterior face of
a home, including the materials (like brick or stone) used on that
face. At PC Homes, you get to choose from different elevations, or
architectural styles, in addition to a selection of colors for each of
our plans. This will allow you to customize your new home.
Framing The construction of the
skeleton structure, or framework, of a house.
Floor plan An architectural
drawing showing the overall layout of a home. The size and shape of
each room, as well as any optional configurations of those rooms, are
shown on the floor plan. At PC Homes, most of our communities offer
several plans from which to choose: single-story plans, two-story
plans, etc.
HOA (Homeowners Association) In
many new communities, an association of homeowners is formed. The
Homeowners Association is responsible for enforcing the rules and
regulations of the community, and also for the maintenance and upkeep
of any common areas, including community centers, swimming pools,
health club facilities and landscaping.
Lot Each new community is
divided into individual lots, or home sites. In most PC Homes
communities, a homebuyer gets to choose their home site and the home
plan that suits them best, with some restrictions to insure a varied
neighborhood.
Master plan community A large
community, with homes built by several different builders, in a wide
variety of prices. Master plan communities usually include community
centers, pools and other recreational facilities. Often there are
commercial districts with shopping and entertainment within the master
plan.
Phase A group of home sites
within a community. Most homebuilders sell all the lots within the
current phase before moving on to the next phase of the community. The
benefit to the homebuyer is that construction activity is focused in
one small area at a time. So when you move in to your new home, most
of the construction for neighboring homes will already be complete.
Builders "release" a new phase when the current phase is almost sold
out. This means that there is now a completely new selection of lots,
available for purchase.
Punch list A written list of
items, which need to be fixed, repaired or replaced.
Reservation A non-binding
agreement to purchase a home at a future date. Often, a reservation is
taken for a specific lot in an upcoming phase, giving the buyer the
first opportunity to purchase that lot when the phase is released. A
reservation requires a deposit.
Standard feature A specific
item that is automatically included when you purchase a new home.
Standard features may include a specific style of cabinets, or a
specific type of countertops
Walk-through A buyer's final
inspection of a newly built home prior to move-in. At PC Homes, the
walk-through includes an orientation with instructions on how to
maintain certain items in the new home, as well as a review of the
One-year limited warranty coverage.
Warranty A plan to fix or
repair specific items of your home according to the warranty terms. At
PC Homes, we offer a one-year limited warranty.
(704) 736-4348
mailto:pchomesales@piedcorp.com
Back to Modular
Homes |
 |