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How To Choose Your Ideal Home Type |
| Date Added: July 16, 2009 08:15:18 AM |
| Author: Michelle |
| Category: Business & Economy: Real Estate & Property |
| There are three popular home types preferred by buyers at present - single family houses, town homes and condominiums. The term 'house' is clear to everyone, while some customers as well as estate agents still have a vague idea of the terms 'town home' & 'condo'. It is crucial to distinguish between the terms when looking for an ideal property.'A house', or 'a single family home', is a detached unit suitable for a typical family to live in. Both the house and the land are in the owner's possession. There are no walls to be shared with neighbours and, thus, one may enjoy his or her privacy to the fullest. As 'a house' is in the owner's absolute possession, any refurbishment outside a house can be done.Still, owning 'a house' may be exceedingly high-priced if compared with townhouses or condos. Moreover, the owner is also supposed to take an appropriate care of the outside and pay all the maintenance work by himself/herself. Typically the expenses are shared between members within a town home or condominium community. The common funds are made up of charges levied on all condominium owners.When obtaining a condo, one should always keep in mind that only interior of the unit is owned, while the outside is in the communal possession. As stated differently, everything that is inside the condo is the owner's property and everything including green lawns, gardens, corridors, parking exterior of the condominium is owned by a condo community.Condos are generally purchased by people who cannot afford expensive single family homes and maintenance costs. Yet, possessing a condo may have several minuses. 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 favorite flowers. Anyway, when purchasing a condo, select the one which has fewer shared walls. It will cost more, in case you would like to sell it. Charges should also be taken into consideration prior to purchasing a condominium, as in some places they are gradually going up. Fees may vary from 100 to 500 dollars per month, thus it will greatly raise the cost of your home.Town homes have features of both single family houses and condos. So, when possessing 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 who own an end unit, as they share only 1 wall &, thus, can sell their property easily & at a higher price.Compared with condos, there is very often a yard nearby a town home which is as large as that nearby a house, but is not that high-priced. That is why, town homes may be an appropriate option for those who are searching for private space of a single family house & quite reasonable prices of a condominium.Being able to distinguish between home types is assumed to be a key to selecting a suitable home to live in that will comply with all requirements of the owner. |
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