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How To Choose Your Ideal Home Type

Date Added: July 09, 2009 02:46:49 PM
Author: Michelle
Category: Business & Economy: Real Estate & Property
 
There are 3 most popular house types favoured by clients now - single family homes, town homes & condominiums. The word 'house' is clear to everybody, while some purchasers as well as real estate agents still have a vague idea of the terms 'town home' & 'condominium'. It is important to distinguish between the terms when seeking an ideal property. 'A house', or 'a single family home', is a detached structure suitable for a typical family to live in. Both the house and the lot are in the owner's possession. There are no walls to be shared with neighbours 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 exterior of a house can be done. Nevertheless, owning 'a house' may be quite expensive in comparison with townhouses or condos. In addition, the owner is also supposed to take an appropriate care of the outside and pay all the maintenance work by himself/herself. Normally the costs are shared between members within a town home or condominium community. The common budget is made up of charges compulsory for all condo owners. When obtaining a condo, one should always keep in mind that only inside of the unit is owned, while the exterior is in the communal possession. As stated differently, everything that is interior the condominium is the owner's property and everything inclusive of green lawns, gardens, hallways, parking outside the condo is owned by a condo community. Condominiums are commonly purchased by somebody who cannot afford expensive single family houses & maintenance expenditure. Yet, possessing a condominium may have several cons. First and foremost, you have no privacy, as neighbors are all around you. Secondly, you have no private garden or a lawn where you can grow your favourite flowers. Anyway, when purchasing a condo, look for the one which has fewer shared walls. It will cost more, in case you would like to sell it. Fees should also be taken into consideration before obtaining a condominium, as in some places they are little by little rising. Charges may rage from 100 to 500 dollars a month, thus it will greatly raise the cost of your home. Townhouses have features of both single family houses & condos. Hence, when possessing a town home 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 purchasers who own an end unit, since they share only one wall &, that is why, can sell their property easily & at a higher rate. Compared with condominiums, there is usually a yard nearby a town house which is as big as that nearby a house, but is not that expensive. That is why, townhouses may be a suitable choice for those purchasers who are searching for private space of a single family house & reasonable prices of a condo. Being able to differentiate home types is thought to be a key to finding an ideal home to live in that will meet all requirements of the owner.
 
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