Article Details
How To Choose Your Ideal Home Type |
| Date Added: July 05, 2009 11:33:38 AM |
| Author: Michelle |
| Category: Business: Real Estate |
| There are three main house types preferred by purchasers presently - single family homes, town homes & condominiums. The term 'house' is clear to everybody, while some purchasers as well as real estate agents still have a ill-defined idea of the terms 'townhouse' & 'condo'. It is crucial to differentiate the terms when searching for a suitable property. 'A house', or 'a single family house', 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 full. As 'a house' is in the owner's absolute possession, any renovation outside a house can be done. However, owning 'a house' may be exceedingly high-priced if compared with town homes or condominiums. More than that, the owner is also supposed to take a suitable care of the exterior and pay all the maintenance work by himself/herself. Quite often the expenses are shared between owners within a townhouse or condo community. The common funds are made up of fees compulsory for all condominium owners. When purchasing a condominium, one should remember only interior of the unit is owned, while the outside 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 outside the condominium is owned by a condominium community. Condos are typically acquired by someone who cannot afford expensive single family houses & maintenance expenditure. Yet, possessing a condo may have some 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 plant your favourite flowers. Anyway, when buying a condo, search for 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 considered prior to acquiring a condo, as in some areas they are little by little increasing. Charges may vary from 100 to 500 dollars per month, thus it will significantly increase the cost of your house. Town homes have basic features of both single family houses and condos. That is why, when owning 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 under your unit. Lucky are those buyers who own an end unit, since they share only 1 wall and, therefore, can sell their property easily & at a higher rate. Compared with condominiums, there is typically a nice yard nearby a town home which is as large as that nearby a house, but is not that expensive. Therefore, town homes may be an ideal alternative for those purchasers who are hunting for private space of a single family house and quite reasonable prices of a condominium. Being able to distinguish between house types is regarded to be a key to selecting a proper place to live in that will meet all requirements of the owner. |