When you begin your housing search, the first thing you need to do is decide what type of home you need. This means considering whether you want to rent or buy, how much you can afford to spend on housing, how many people will be living in the home, whether you will want to keep pets, etc. There are multiple types of housing available to buyers; here is a breakdown of the most common types.
Single-family housing is the most common housing style for families.
-Most suburbs consist of single-family homes.
-Single-family homes do not connect to adjacent homes; they are stand alone structures.
-Heating and plumbing systems are not shared between houses-each house has its own system
-Owning a single-family home gives you more freedom than owning other types of homes
-Some developments do have standards that your home must meet, but in general, you get to make most decisions about your property.
Duplexes are similar to row houses, but offer more privacy.
-Duplexes share one wall and a roof with one other property
-The other three sides of a duplex are free, meaning they are not connected to any other buildings
-Townhomes share one to two walls with adjacent townhomes
-Residents of townhomes share common areas like parking lots and walkways
-Residents must pay a fee for the upkeep of common areas
Condominiums are very similar to apartments
-Condominiums are connected to many other units, often sharing two walls with other condos
-Oftentimes, homeowners rent out individual units
-Residents share common areas like hallways, stairwells, parking lots, elevators, parks, pools, etc.
-Residents pay a fee for the upkeep of common areas and for regular maintenance costs
If you’re unsure of what type of housing you need, talk to your real estate agent!