The Different Types of Homes

Every person is different; and so are their homes.

With many different types of homes to choose from, you have every opportunity to find your perfect match. Homeownership.ca lists the different kinds of homes available to buyers with helpful definitions that clarify exactly what makes each unique. Read these definitions below, and follow the links to some current listings we have that match each home type:

Condominiums: "While condominiums are generally found in apartment buildings, other types of properties, for example, townhouses, may also have a condo ownership model. You own the unit, or 'condo', but you do not own the land it is built on or any common space outside your unit. You are charged monthly 'condo fees' to maintain indoor and outdoor common areas shared by the condo owners, including parking areas, elevators, carpets, front entrances, and any recreation facilities. These monthly fees can vary widely and are in addition to your mortgage payments." (Homeownership.ca)

Check out this Condominium at www.KenRichter.com! 

Townhouse: "A townhouse is a unit in a row of other units that look like houses, attached to each other. In each unit, you share a wall on either side with the people who live beside you. Often, especially in cities, there may also be a smaller unit above each townhouse, so there could also be someone living above you or below you. Townhouses (sometimes called row houses) are usually 2 or 3 levels tall." (Homeownership.ca)

Detached House: "This is a house that stands on its own. You own both the house and the land it is on. When your house needs repair or maintenance, you must pay for it yourself. House owners must also pay the monthly bills for water and heat, as well as their other bills (like telephone and cable television). Owners are free to make changes to their house, inside and out, but they must obey local bylaws and apply for renovation and building permits when necessary. Detached houses appeal to a wide array of people, including families with children and generally provide more space and privacy than other unit types." (Homeownership.ca)

Check out this Detached House at www.KenRichter.com! 

Semi-Detached House: "This is a home joined to another on one side. Owners are only responsible for the care and maintenance of their own side, just like a detached house. Owners of semi-detached homes own their side of the property, including the land it is on, and are responsible for its care and maintenance, according to local bylaws. Semi-detached houses appeal to people who want to own their own house as well as the land it is on. Semi-detached houses are usually less expensive than fully detached houses, although, like all real estate, this depends on the area." (Homeownership.ca)

Check out this Semi-Detached House at www.KenRichter.com! 

Duplex/Triplex House: "A duplex/triplex is a building that is divided into multiple units. Like semi-detached houses, each household has its separate entrance and is responsible for the care of its own unit. Typically, you would buy the entire property and rent a unit to help offset your mortgage payments. Types of homes that are ‘duplexed’ or divided into two or more separate living units may be detached homes, semi-detached or even row houses." (Homeownership.ca)

 

Your Real Estate Professional,

Ken Richter

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