When you’re looking for a place to live, it’s important to find the right kind of home for YOU. What works with your lifestyle?
There are several different kinds of homes to choose from and knowing what you’re looking for beforehand can save you and your real estate agent a lot of time. Here are a few common terms and definitions that might help you narrow your search.
A single family home is labeled such because it stands on its own and is not connected to any other houses the way condos or duplexes are. There are many different styles of single-family homes, from ranch-style to castles.
Multifamily homes are exactly what they sound like: homes set up to house more than one family. These are homes that will have separate living areas, bathrooms, kitchens, etc., but they’re all located under the same roof. An old home that has been divided into several smaller apartments is a good example of a multifamily home. If you value peace and quiet and privacy, you might consider something else.
Duplexes are different from multifamily homes in that they are, for all intents and purposes, separate houses except that they share a wall. Duplexes can be built side by side, or one on top of the other.
Condos are more or less like living in an apartment, except you own the home. Perks to living in a condo instead of a single-family home are that many communal areas are maintained by a homeowners association. Unfortunately, the down-side to living in a condo can be the homeowners association. Some HOAs can be extremely picky, and are often capable of fining residents for infractions.
Know what you want before you begin your search. You’ll be happier and your real estate agent will be able to locate the type of home that’s best for you.
For information and a free consultation, please feel free to give me a call.