- How To Choose Your Ideal Home Type

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How To Choose Your Ideal Home Type

Date Added: July 18, 2009 09:21:31 AM

There are three most popular house types most favoured by clients now - single family homes, town homes & condos. The term 'house' is clear to everyone, while some buyers as well as real estate agents still have a unclear idea of the terms 'town home' and 'condo'. It is necessary to distinguish between the terms when seeking a suitable property. 'A house', or 'a single family home', is a detached structure suitable for a typical family to live in. Both the house & the land are in the owner's possession. There are no walls to be shared with neighbours &, so, one may enjoy his or her privacy to the fullest. As 'a house' is in the owner's absolute possession, any renovation outside a house can be done. However, possessing 'a house' may be really high-priced comparing with town homes or condominiums. In addition, the owner is also expected to take a proper care of the outside and pay all the maintenance work by himself/herself. Typically the costs are shared between owners within a townhouse or condominium community. The community's budget is made up of charges applicable to all condo owners. When buying a condominium, one should remember that only inside of the unit is owned, while the exterior is in the communal possession. As stated differently, everything that is inside the condominium is the owner's property and everything including green lawns, gardens, corridors, parking exterior of the condominium is owned by a condo community. Condominiums are generally obtained by somebody who cannot afford high-priced single family homes & maintenance costs. Nonetheless, possessing a condo may have a few minuses. Firstly, you have no privacy, as neighbours are all around you. Secondly, you have no private garden or a lawn where you can grow your favorite flowers. Anyway, when buying a condominium, find the one which has fewer common walls. It will cost more, in case you would like to put it up for sale. Charges should also be thought thoroughly over prior to obtaining a condo, as in some places they are little by little rising. Rates may vary from 100 to 500 dollars a month, thus it will largely increase the cost of your home. Townhouses have characteristcs of both single family houses and condos. Therefore, when owning a townhouse you will have to share walls with your neighbors, but only on either side of you. There will be no neighbors above or underneath your unit. Lucky are those who own an end unit, as they share only 1 wall &, thus, can sell their property easily & at a higher rate. Compared with condominiums, there is commonly a yard attached to a town home which is as big as that nearby a house, but is not that expensive. Thus, townhouses may be an ideal alternative for those who are in search of private space of a single family house and reasonable prices of a condominium. Being able to differentiate home types is thought to be a vital key to finding a proper home to live in that will comply with all requirements of the owner.

How To Choose Your Ideal Home Type

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