What is a townhouse? A townhouse, sometimes referred to as a “rowhouse,” is a multi-floor home that shares one or more walls with adjacent properties in a side-by-side arrangement. Each townhouse has its own
4 Disadvantages of Buying a Condo There are a few disadvantages to living in a condominium unit. Consider the following: 1.A condo purchase requires a down payment. Like buying a house, buying a condo requires a large lump sum of money up front for a down payment—often tens of thousands...
This type of duplex might have a similar layout as a standard duplex but may have fewer units in the building. Half duplexes A half duplex, also known as a semi-detached house, is a type of duplex consisting of two separate residences that share a common wall. Each unit has its own ...
Is buying a condo a good idea? Jan Stern, a Century 21 real estate agent based near St. Petersburg, Florida, says the decision to buy a condo or house ultimately comes down to lifestyle. "There's more privacy in a house, but there's much more to t...
Consider a detached single-family house whose roof needs to be repaired. As a homeowner, that expense would fall entirely on your shoulders. If you own a condo, though, the cost of a needed roof repair would likely be split between all the other owners in the community, and a portion of...
House typeWho it’s right for Apartment Apartments typically mean you’re renting instead of owning, so there is no down payment (other than a security deposit or move-in fee) required. They are suited for anyone who wants the flexibility to move or is looking to live in a prime ...
What is a loft space? Whereas a loft apartment is the type of living space described above, a loft space is an architectural feature within a house. It’s a partially open, mezzanine-like level or room that overlooks the main floor below it. A staircase connects the loft space, which ca...
A condominium, or condo, is an individually owned unit in a complex or building of units. A condo owner owns the space inside their condo and shares ownership interest in the community property, such as the floor, stairwells, and exterior areas. ...
adjacent lots in a residential community. In some cases, homeowners may be able to add an extra dwelling onto the property by calling it a pool house. Pool houses are legal even in cities that prohibit compounds as long as no one sleeps in the pool house and no kitchen is installed in ...
What do you actually own when you buy into a co-op? When you buy a house, you’re buying “real property”: the structure and the land it sits on.Buying a condois similar, in that you own everything inside the walls of your unit. A co-op works differently: it is a corporation ...