Definition
The physical structure and materials of a property, as opposed to the land or location. It's what contractors care about and what investors try to look past while focusing on cash flow.
Example Usage
The sticks and bricks need work, but the location is primeāI'd rather renovate a building in a great neighborhood than own a perfect property in the wrong zip code.
Origin
Construction and real estate development colloquialism
Fun Fact
In real estate valuation, location typically accounts for 60-70% of a property's value, meaning the sticks and bricks are often just an expensive vehicle for owning the right piece of dirt.
Source: Construction and real estate industry colloquialism
Related Terms
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See “sticks and bricks” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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