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Glossary of Real Estate Terms 

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wainscoting   Wood paneling, tongue-and-groove boards, or similar material installed between a baseboard and a chair rail.
walk-out basement   A feature that allows a door to open onto ground level.
wallboard   Sheets of compacted gypsum with a paper exterior. Also known as dry wall, sheetrock, gypsum board, and plaster board.
warranty   A legally binding promise to do something in the future.
watt   The unit used to measure the rate at which a device consumes electricity.
weep holes   Spaces or small openings left in a masonry wall to allow water to drain from behind the wall.
wetlands   Watery areas such as swamps, marshes and floodplains.
will   A legal document outlining the disposition of a person's estate in the event of his or her death.
window seat   A bench built under an interior window.
window well covers   Curved plastic covers designed to be installed on top of a window well to cover the opening.
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