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Barrie Home Inspections Directory  - Article Details

How To Choose Your Ideal Home Type

Date Added: July 15, 2009 12:54:39 AM
Author: Michelle
Category: Business: Real Estate
There are three main house types most loved by clients presently - single family homes, townhouses & condos. The word 'house' is clear to everybody, while some customers as well as real estate agents still have a vague idea of the terms 'town home' and 'condo'. It is important to distinguish between the terms when seeking a suitable 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 it occupies are in the owner's possession. There are no walls to be shared with neighbours and, therefore, one may enjoy his or her privacy to the fullest. As 'a house' is in the owner's absolute possession, any redecoration exterior of a house can be done. Nevertheless, owning 'a house' may be very high-priced comparing with townhouses or condos. More than that, the owner is also assumed to take a proper care of the exterior and pay all the maintenance work by himself/herself. Commonly the costs are shared between members within a townhouse or condo community. The community's budget is made up of fees mandatory for all condo owners. When purchasing a condominium, one should remember that only inside of the unit is owned, while the exterior is in the common possession. In other words, everything that is inside the condo is the owner's property & everything including green lawns, yards, hallways, parking places exterior of the condominium is owned by a condo community. Condos are normally acquired by people who cannot afford high-priced single family homes and maintenance costs. However, possessing a condominium may have several disadvantages. Firstly, you have no privacy, as neighbours are all around you. Secondly, you have no private garden or a lawn where you can grow your favorite flowers. Anyway, when purchasing a condominium, choose the one which has fewer shared 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 condominium, as in some areas they are gradually rising. Rates may rage from 100 to 500 dollars per month, therefore it will greatly increase the cost of your home. Townhouses have basic characteristics of both single family houses & condos. So, when owning a townhouse you will have to share walls with your neighbours, but only on either side of you. There will be no neighbours above or underneath your unit. Lucky are those who own an end unit, since they share only 1 wall and, that is why, can sell their property easily and at a higher rate. Compared with condominiums, there is commonly a nice yard nearby a town house which is as large as that nearby a house, but is not that high-priced. Therefore, town homes may be a suitable option for those purchasers who are hunting for private space of a single family house and quite reasonable prices of a condo. Being able to distinguish between house types is viewed to be a vital key to finding a suitable home to live in that will satisfy all requirements of the owner.
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