Home   |   About Us   |   Customer Care   |   Realtors   |   Site Map   |   Communities  |   TV Ad   Homebuilding Dictionary Homebuilding Terms Builder-Included Feature All Ted Mason Signature Homes come with many of the most popular builder-included features which may include a specific style of cabinets, or a specific type of countertop. Ted Mason Signature Homes buyers can personalize their home by choosing from a range of colors for their standard features at no additional cost. Eeasement A right given to a third party to use a portion of property for certain purposes, such as power lines, water mains, or access. Elevation The exterior facade of a home, including the materials (like brick or stone) used on the face of the home. At Ted Mason Signature Homes, there are three or four different elevations and architectural styles to select from, in addition to a selection of colors for each of our plans. The house you purchase will be specific to your taste and will not appear identical to a home close by. 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, are shown on the floor plan. At Ted Mason Signature Homes, most of our communities offer several plans from which to choose. 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. Homesite Each new community is divided into individual lots, or home sites. In most Ted Mason Signature Homes communities, a home buyer gets to choose their home site and the floor plan that suits them best, with some restrictions to ensure a varied neighborhood. Homesite Premium A premium paid by the buyer for a special, unique home site that may be either larger or in a more desirable location. Homeowner Orientation The Homeowner Orientation provides buyers with the opportunity to become acquainted with their new home prior to moving in. During the orientation, a Ted Mason Signature Homes customer service representative provides a thorough demonstration of the completed home (e.g., mechanical components, appliances, etc.) and reviews items covered by the warranty. Master Plan Community A large community, often 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 that include shopping, dining and entertainment. Phase A group of home sites within a community. Most homebuilders sell all of the lots within the current phase before moving on to the next phase of the community. The benefit to the home buyer is that construction activity is focused in one small area at a time. 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. Plan See floor plan. 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 usually requires a deposit. Upgrades All Ted Mason Signature Homes come with many of the most popular standard features and finishes. Buyers are able to select colors or textures for many of these features. In addition, Ted Mason Signature Homes buyers are able to personalize their home to fit their unique taste and lifestyle by purchasing additional upgrades such as appliances, designer finishes on cabinets, countertops and floors, fireplaces and a variety of other items. Warranty A plan to fix or repair specific items of your home according to the warranty terms. At Ted Mason Signature Homes, we offer a 10-year limited warranty that includes a 10-year structural warranty; a two-year warranty on electrical components, heating or cooling systems, and plumbing; and a one-year warranty for all other components of the home. All elements of the warranty are reviewed with the homeowner at the time of the walk-through. Privacy Policy  |   Site Map  |   About This Site