Valley |
The "V" shaped area of
a roof where two sloping roofs meet. Water drains off the roof
at the valleys. |
Valley flashing |
Sheet metal that lays in the "V" area
of a roof valley. |
Valuation |
An inspection carried out for the benefit of
the mortgage lender to ascertain if a property is a good security
for a loan. |
Valuation
fee |
Th fee paid by the prospective borrower for the
lender's inspection of the property. Normally paid upon loan
application. |
Vapor barrier |
A building product installed on exterior walls
and ceilings under the drywall and on the warm side of the insulation.
It is used to retard the movement of water vapor into walls
and prevent condensation within them. Normally, polyethylene
plastic sheeting is used. |
Variable
rate |
An interest rate that will vary over the term
of the loan. |
Veneer |
Extremely thin sheets of wood. Also a thin slice
of wood or brick or stone covering a framed wall. |
Vent |
A pipe or duct which allows the flow of air and
gasses to the outside. Also, another word for the moving glass
part of a window sash, i.e. window vent. |
Vermiculite |
A mineral used as bulk insulation and also as
aggregate in insulating and acoustical plaster and in insulating
concrete floors. |
Veterans
Administration (VA) |
A federal agency that insures mortgage loans
with very liberal down payment requirements for honorably discharged
veterans and their surviving spouses. |
Visqueen |
A 4 mil or 6 mil plastic sheeting. |
Void |
Cardboard rectangular boxes that are installed
between the earth (between caissons) and the concrete foundation
wall. Used when expansive soils are present. |
Voltage |
A measure of electrical potential. Most homes
are wired with 110 and 220 volt lines. The 110 volt power is
used for lighting and most of the other circuits. The 220 volt
power is usually used for the kitchen range, hot water heater
and dryer. |
|
|
