Article DetailsHow To Choose Your Ideal Home Type |
| Date Added: July 17, 2009 08:43:05 AM |
| Author: Michelle |
| Category: Business & Economy: Real Estate & Property |
| There are three popular house types most favoured by buyers today - single family houses, town homes & condominiums. The term 'house' is clear to everyone, while some purchasers as well as real estate agents still have a vague idea of the terms 'townhouse' and 'condominium'. It is necessary to differentiate the terms when looking for an appropriate property. 'A house', or 'a single family house', is a detached structure suitable for a typical family to live in. Both the house & the lot are in the owner's possession. There are no walls to be shared with neighbors and, thus, one may enjoy his or her privacy to the fullest. As 'a house' is in the owner's absolute possession, any refurbishment exterior of a house can be done.Nonetheless, owning 'a house' may be exceedingly high-priced if compared with townhouses or condos. In addition, the owner is also assumed to take an appropriate care of the outside and pay all the maintenance work by himself/herself. Typically the expenditure is shared between owners within a town home or condo community. The common budget is made up of fees imposed on all condo owners.When purchasing a condominium, one should always keep in mind that only interior of the unit is owned, while the exterior is in the community's possession. To put it differently, everything that is interior the condo is the owner's property and everything including green lawns, gardens, hallways, parking places exterior of the condo is owned by a condominium community.Condominiums are commonly acquired by someone who cannot afford high-priced single family homes & maintenance expenditure. Nonetheless, owning a condominium may have several minuses. First and foremost, you have no privacy, as neighbours are all around you. Secondly, you have no private garden or a lawn where you can plant your favorite flowers. Anyway, when buying a condo, find the one which has fewer shared walls. It will cost more, in case you would like to put it up for sale. Fees should also be thought thoroughly over prior to purchasing a condo, as in some areas they are gradually growing. Rates may rage from 100 to 500 dollars per month, hence it will greatly raise the cost of your house.Town homes have basic characteristics of both single family houses and condos. Hence, 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 buyers who own an end unit, as they share only 1 wall &, that is why, can sell their property easily and at a higher rate.Compared with condos, there is generally 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 appropriate option for those who are hunting for private space of a single family house and reasonable prices of a condominium.Being able to distinguish between home types is believed to be a vital key to choosing a proper home to live in that will satisfy all requirements of the owner. |
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