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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