Whether you’re looking for a home to call your own or a new investment property, you’ve probably noticed a lot of terminology surrounding house styles and their structures. Understanding this terminology can help you learn the benefits associated with certain home types and find the best type of home to meet your needs.
It’s important to note the two https://bogorupdate.id/ main parameters that classify a home: the structure type and the style of the home. The structure refers to the type of building, like a single-family home or a condo. The style refers to the architectural features and design, like Craftsman or contemporary.
We collected the most popular structures and styles of homes so you can narrow down your preferences and better search for your ideal home.
Regardless of if you’re house hunting for your first home, forever home or buying a rental property, the first thing you should do to narrow your search is figure out what type of home structure you’re looking for. Below are the most typical types you’ll see when searching for your new place.
An apartment is part of a collection of similar units in one building structure. An important feature is that you have to rent the place from a landlord. Oftentimes, apartments and apartment buildings have convenience factors like an on-site repair worker, laundry room, gym facilities or a pool.
Though you don’t get as much privacy – and you won’t be building equity in your residence – you’ll have many additional pros and cons to weigh when deciding whether to buy or rent.
If you like the conveniences that come with an apartment but are looking to own rather than rent, a condo might be a great fit for you. Instead of having a building manager or landlord oversee your unit, you’re in charge of all the repairs and the upkeep inside the home.
Condominiums are a great option for city living and for older adults who want to own and have a mortgage but don’t want to deal with the upkeep of a single-family home.
A co-op is also known as a housing cooperative. This type of housing is quite different from the others on this list. When you buy into a co-op, you’re buying a share of the company that owns the building rather than purchasing the actual property.
The number of shares you own typically correlates to how much space you’re afforded in the co-op. Once accepted into a co-op and after purchasing shares, you’ll have a vote on common spaces, and you’ll split maintenance costs and other fees.
The key feature of a single-family home is that it’s completely detached from other housing units, unlike condos, apartments or townhomes. The majority of homes in the U.S. are single-family homes.
They’re less common in highly populated areas and are typically found in suburbs. Single-family homes are usually more private and offer more options for personalization (barring any homeowners association requirements).
Tiny home popularity has boomed in recent years, spurring what’s known as the “tiny home movement.” These small abodes usually fall in the range of 60 – 600 square feet. Some tiny homes are prefabricated, and some are complete custom builds.
They’ve become popular among single adults and couples who want more financial and physical freedom, as some tiny houses are mobile and can be moved to new locations.
