| There are 3 most popular home types preferred by purchasers at present - single family homes, townhouses and condos. The word 'house' is clear to everybody, while some customers as well as estate agents still have a vague idea of the terms 'town home' & 'condominium'. It is essential to distinguish between the terms when hunting for an appropriate property.
'A house', or 'a single family home', is a detached structure 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 full. As 'a house' is in the owner's absolute possession, any refurbishment outside a house can be done.
Yet, owning 'a house' may be extremely high-priced in comparison with town homes or condos. Moreover, the owner is also expected to take a suitable care of the outside and pay all the maintenance work by himself/herself. Usually the costs are shared between owners within a townhouse or condominium community. The community's budget is made up of fees applicable to all condo owners.
When buying a condominium, one should remember that only inside of the unit is owned, while the outside is in the communal possession. As stated differently, everything that is inside the condominium is the owner's property and everything inclusive of green lawns, gardens, corridors, parking places outside the condo is owned by a condo community.
Condos are usually bought by somebody who cannot afford expensive single family homes and maintenance expenses. Nevertheless, possessing a condo may have a few minuses. First and foremost, you have no privacy, as neighbours are all around you. Secondly, you have no private garden or a lawn where you can plant your favorite flowers. Anyway, when buying a condo, search for the one which has fewer common walls. It will cost more, in case you would like to put it up for sale. Charges should also be taken into consideration prior to buying a condo, as in some places they are gradually going up. Charges may vary from 100 to 500 dollars a month, therefore it will largely raise the cost of your house.
Townhouses have features of both single family houses and condominiums. Therefore, 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 neighbours above or below your unit. Lucky are those buyers who own an end unit, since they share only one wall and, that is why, can sell their property easily and at a higher price.
In comparison with condos, there is usually a yard nearby a town house which is as large as that nearby a house, but is not that expensive. That is why, town homes may be an ideal option for those buyers who are hunting for private space of a single family house and reasonable prices of a condo.
Being able to distinguish between house types is considered to be a neccessary key to finding an appropriate place to live in that will satisfy all demands of the owner. |
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