Single Family Home
This is the most common type of housing
in United States. This type of housing
is very apt for a single family. In
this type of housing land & building
go together and both are purchased
and sold together as a single property.
Unlike other types of housing, single
family homes stand alone. You are
free to do whatever you wish in this
type of housing. Only thing you need
to watch out for is the prevailing
neighborhood regulations.
In a single family home complete
maintenance and repairing cost is
your responsibility. Furthermore in
a single family home, improvements
can be done at your will and easily.
You can add a pool to your home if
you wish!
Townhouse
Townhouse is a type of housing
that lies in between a single family
home and a condominium
Usually a townhouse is attached to
another house. When you buy a townhouse
you own the property on which it sits.
Townhouse type of housing is invariably
a part of a larger community and hence
features the amenities of an apartment
like tennis courts, swimming pools,
fitness centers etc. In this type
of housing maintenance cost will be
less. Townhouses are usually a part
of Home Owners’ association and you
will be required to be its member.
Condominium
Condo in short, a condominium is a
type of housing that is popularly
known as apartment. In a condo you
own everything inside the walls. As
far as the common area outside the
walls is concerned you share ownership
with your neighbors.
For the ownership of condominium
you are often required to pay a monthly
towards maintenance and repairing.
Exterior maintenance will be taken
care of by condo association. In this
type of housing, dues and assessments
are the other costs.
Condo type of housing is more affordable
than the other two types of housing.
A condominium is a convenient combination
of comfort and less responsibility.
But it is somewhat difficult to resell
a condo.
So, which one do you want? Single
family home? Townhouse? Or a condo?
Decide and then shop. Good luck.
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