Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Amenity
A feature of a home or property that serves as a benefit to the buyer and/or increases the property's value, but is not necessary to its use. It may be natural like location, scenic views, woods, on or near a lake, or it may be man made like a swimming pool, garden or tennis court. Another example would be a complimentary item at a hotel or motel that adds to a traveler's comfort and/or convenience such as complimentary breakfast, use of a fitness center or a coffee maker in your room.
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