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Glossary group: V

Vapor barrier

  • March 5, 2021
  • camuser

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.

Valuation fee

  • March 5, 2021
  • camuser

Th fee paid by the prospective borrower for the lender’s inspection of the property. Normally paid upon loan application.

Valuation

  • March 5, 2021
  • camuser

An inspection carried out for the benefit of the mortgage lender to ascertain if a property is a good security for a loan.

Valley flashing

  • March 5, 2021
  • camuser

Sheet metal that lays in the “V” area of a roof valley.

Valley

  • March 5, 2021
  • camuser

The “V” shaped area of a roof where two sloping roofs meet. Water drains off the roof at the valleys.

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