| There are 3 main house types most favoured by clients presently - single family houses, townhouses & condominiums. The term 'house' is clear to everybody, while some customers as well as real estate agents still have a vague idea of the terms 'town home' & 'condo'. It is essential to distinguish between the terms when looking for a suitable property.
'A house', or 'a single family house', is a detached unit suitable for a typical family to live in. Both the house & the land 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 renovation exterior of a house can be done.
Still, possessing 'a house' may be rather high-priced comparing with townhouses or condominiums. More than that, the owner is also expected to take an ideal care of the outside & pay all the maintenance work by himself/herself. Typically the expenses are shared between members within a townhouse or condominium community. The funds are made up of fees mandatory for all condo owners.
When acquiring a condo, one should keep in mind only inside of the unit is owned, while the outside is in the communal possession. As stated 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 obtained by people who cannot afford expensive single family homes & maintenance expenses. Nonetheless, owning a condo may have several cons. 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 favourite flowers. Anyway, when purchasing a condo, select the one which has fewer common walls. It will cost more, in case you would like to sell it. Charges should also be taken into account before purchasing a condo, as in some areas they are gradually rising. Fees may rage from 100 to 500 dollars a month, therefore it will significantly raise the cost of your house.
Townhouses have features of both single family homes & condos. Hence, when possessing a town home you will have to share walls with your neighbours, but only on either side of you. There will be no neighbors above or below your unit. Lucky are those who own an end unit, as they share only 1 wall &, thus, can sell their property easily & at a higher price.
Compared with condominiums, there is normally a nice yard attached to a town home which is as big as that nearby a house, but is not that high-priced. Thus, townhouses may be an appropriate choice for those people who are looking for private space of a single family house and quite reasonable prices of a condominium.
Being able to differentiate home types is viewed to be a neccessary key to finding an ideal home to live in that will meet all needs of the owner. |
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