Asbestos-Containing Material (ACM) refers to any material or product containing more than one percent asbestos. Asbestos, used for its strength and heat-resistant properties, is harmful when inhaled, leading to serious health problems such as lung cancer, asbestosis, and mesothelioma.
A handyman’s special is a term used in real estate classified advertising, which generally refers to a house needing extensive repairs and remodeling, sold at a relatively low price. It offers potential for profit if the buyer can perform the necessary upgrades.
A home improvement loan, usually secured by a mortgage on the home, is used to pay for major remodeling, reconstruction, or additions to a residential property. It provides homeowners with the necessary funds to enhance and upgrade their living space.
Modernization refers to the process of updating a property by incorporating advanced equipment, implementing contemporary aesthetic improvements, and removing outdated facilities. It can vary in degree and may be described as remodeling, renovating, rehabilitating, or redeveloping.
Renovate refers to the process of upgrading or improving an existing structure, aiming to either restore it to its original condition or modernize it while preserving its general appearance. This process typically involves more extensive changes than remodeling but less than rehabilitating.
