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Decorative Allowance (or Decoration Allowance) is a real estate term seen in realtors' marketing media (MLS, flyers, etc.) to inform buyers that the seller is willing to help contribute to a portion of the costs of renovation at closing or settlement. The allowance functions as an incentive for the buyer. Typically the amount and purpose of the allowance is noted in an addendum to a standard real estate contract and would appear as a credit on the HUD-1 settlement sheet to be used by the buyer towards payment of his closing costs or down payment (if permitted by the lender). Depending upon the state of the real estate market, homes being offered for sale may include a "Decorative Allowance". In the hot market which existed throughout the United States between about 2000 and 2005 it was less likely to find such a thing. In slower markets (as appears to the case in 2006/2007 on the East and West coasts) where many more homes are being offered for sale, it is more likely that such incentives will be offered. ==Benefits to buyer and seller== The advantage to the buyer is that allows him/her, in effect, to include the cost of improvements in his mortgage loan, thus freeing up money for other expenses. In fact, this credit may cover the buyer's closing costs, although ostensibly being designed to cover improvements to the property. The advantage to the seller is that it helps address a property's need for simple decorative improvements such as paint, carpet, etc., without risking an up-front investment in improvements that may not be to every buyer's taste. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Decorative Allowance」の詳細全文を読む スポンサード リンク
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