re you familiar with the condominiums, single family types
different types of housing of housing are not attached to
that you can purchase? other homes. Aside from
regulations from your
Read this article to find out! neighborhood or subdivision, you
are free to do whatever you would
If you are on the market for a like with your home.
new home, it is important that
you know the difference between a With a single family home, you
single family home, a townhouse, are responsible for the cost of
and a condominium. maintaining and repairing the
home, whether you do it yourself
Familiarize yourself with the or pay someone else to do it.
advantages and disadvantages of
each so that you make a wise In addition, landscaping and lawn
decision about your home maintenance are also your
purchase. responsibility. If you want to
have a pool or playground in your
Single Family Homes backyard, you will have to
provide such amenities.
The single family house is the
most common type of housing in The good thing about single
the United States. This type of family homes is that you have the
housing dwelling designed for a freedom to make whatever changes
single family and has its own you with. Improvements to your
land. home can greatly increase the
resale value, which is already
The house and the land are higher than that of other types
purchased and sold together. of housing.
Unlike townhouses and
Townhouses Home Owner’s Association, to
which you are required to be a
A townhouse is the middle-ground member.
type of housing between a single
family home and a condominium. Condominiums
They share characteristics with
both types of housing. A condominium, condo, for short,
is a type of housing that is best
In most cases, a townhouse is described as an apartment that
attached to at least one other you are able to own. When you
house. When you own a townhouse purchase a condo, you own
you own the home as well as the everything inside your walls and
property on which the home sits. share ownership of common areas
with your neighbors.
Since townhouses are a part of a
larger community, you can usually Often condo ownership requires
find many of the amenities that you to pay a monthly fee that
you might find with an apartment. covers repairs and maintenance to
the common area. The condo
This includes swimming pools, association handles exterior
fitness centers, tennis courts, maintenance and repairs, but in
etc. many cases, you contribute to the
cost through dues or assessments.
While you are responsible for
some of the maintenance and Condo prices are often more
repairs, it will not be to the affordable that those of single
extent of that of a single family family homes and townhouses.
dwelling. There are often a number of
amenities available for you to
Townhouses are often part of a use. You have a minimal
responsibility for exterior They are known to spend a longer
maintenance and repairs. time on the market than other
types of housing.
It can be hard to resell a condo.
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