Amenities

Definition

Features and facilities that make a property more attractive or livable, such as gyms, pools, or that one neighbor who actually maintains their lawn.

Example Usage

The building's amenities package includes a rooftop garden, concierge service, and a dog park.

Origin

From Latin 'amoenitas' meaning pleasantness

Fun Fact

The word 'amenities' was initially used to describe the pleasant climate of seaside resorts in Victorian England.

Source: National Association of Realtors (NAR) glossary

Related Terms

Intermediate

CDOM

Cumulative Days on Market—total time a property has been listed, including periods off-market and relisting. It's the zombie metric agents hope nobody notices.

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Intermediate

subject property

The specific property being appraised, analyzed, or discussed, as opposed to all those comparison properties. It's like referring to the guest of honor at a party—everyone else is just there for context.

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Beginner

Hazard Insurance

Insurance protecting the property structure against fire, wind, theft, and other physical damage. Lenders require it; it's paid via escrow every month.

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Advanced

cost approach

A property valuation method calculating what it would cost to rebuild the structure from scratch, minus depreciation, plus land value. Useful for unique properties where comparable sales are scarce, like that missile silo you're converting into a home.

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Advanced

whisper listing

An even more secretive version of a pocket listing, shared only with a select few high-net-worth clients. It's so exclusive that talking about it too loudly could violate the whole point.

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Advanced

equitable title

The right to obtain full ownership of property while legal title remains with another party, typically during a purchase contract or land contract period. You get to act like the owner before you technically are.

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