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How To Choose Your Ideal Home Type |
| Date Added: July 07, 2009 02:45:21 PM |
| Author: Michelle |
| Category: Business & Economy: Real Estate & Property |
| There are 3 major house types preferred by buyers at the present time - single family homes, town homes & condos. The term 'house' is clear to everyone, while some clients as well as real estate agents still have a ill-defined idea of the terms 'townhouse' & 'condo'. It is important to distinguish between the terms when seeking an ideal property. 'A house', or 'a single family house', is a detached structure suitable for a typical family to live in. Both the house & the land it occupies are in the owner's possession. There are no walls to be shared with neighbors and, that is why, one may enjoy his or her privacy to the fullest. As 'a house' is in the owner's absolute possession, any redecoration outside a house can be done. Nonetheless, owning 'a house' may be really high-priced if compared with townhouses or condos. Furthermore, the owner is also assumed to take a proper care of the exterior and pay all the maintenance work by himself/herself. Normally the expenses are shared between members within a townhouse or condo community. The common budget is made up of charges inflicted on all condominium owners. When obtaining a condominium, one should remember that only interior of the unit is owned, while the exterior is in the communal possession. To put it differently, everything that is interior the condominium is the owner's property & everything including green lawns, yards, corridors, parking exterior of the condominium is owned by a condo community. Condos are commonly bought by someone who cannot afford expensive single family homes & maintenance expenses. Yet, owning a condominium may have some disadvantages. Firstly, you have no privacy, as neighbors 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, choose the one which has fewer common walls. It will cost more, in case you would like to put it up for sale. Fees should also be taken into account before acquiring a condominium, as in some areas they are gradually growing. Fees may vary from 1 to 5 hundred dollars per month, therefore it will significantly increase the cost of your home. Town homes have basic features of both single family houses and condos. Hence, when possessing a townhouse you will have to share walls with your neighbours, but only on either side of you. There will be no neighbours above or underneath your unit. Lucky are those people who own an end unit, as they share only one wall &, thus, can sell their property easily and at a higher rate. Compared with condos, there is usually a yard nearby a town home which is as big as that nearby a house, but is not that high-priced. Thus, town homes may be an appropriate option for those buyers who are searching for private space of a single family house and quite reasonable prices of a condo. Being able to distinguish between house types is believed to be a vital key to finding an appropriate home to live in that will meet all requirements of the owner. |
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