Pilot light - A small, continuous flame (in a hot water heater, boiler, or furnace) that ignites gas or oil burners when needed.
Valuation fee - Th fee paid by the prospective borrower for the lender's inspection of the property. Normally paid upon loan application.
Balancing - Fine-tuning the air flow of a heating/cooling system to even up the delivery through a home.
Batten - Narrow strips of wood used to cover joints or as decorative vertical members over plywood or wide boards.
Let -in brace - Nominal 1 inch -thick boards applied into notched studs diagonally. Also, an "L" shaped, long (@ 10') metal strap that are installed by the framer at the rough stage to give support to an exterior wall or wall corner.
PITI - Principal, interest, taxes and insurance (the four major components of monthly housing payments).
Attic access - An opening that is placed in the drywalled ceiling of a home providing access to the attic.
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