is another important decision to be made before you start your search
for house and that is deciding on the type of home you want to buy.
There are many types of homes on the real estate market and each has
its advantages and disadvantages.
SINGLE FAMILY DETACHED:
This type of home is the most popular style and the most solid
investment. It is a free-standing home which sits on its own lot
thereby offering a greater degree of privacy. When you buy this type of
home, regardless of whether it is new or old, you purchase exclusive
ownership rights to the entire property and your property lines
distinguish what is yours from what belongs to your neighbors.
This type of home is a single family home that
is joined to another one by a common wall and usually in such a way
that each house's layout is a mirror image of its twin. It can offer
many of the advantages of a single-family detached home and is usually
less expensive to buy.
A dwelling with two self contained residential units - one above the
other or side by side; normally held under one title of ownership. The
owner usually lives in one unit and rents the other.
ROW HOUSE OR TOWNHOUSE:
One of several types of single family homes joined by one or two common walls and often of similar or identical design. They are often multiple storeys because the square footage is usually distributed vertically instead of horizontally. This
type of housing offers less privacy than single family detached home
but still provides a separate outdoor space. Row houses and townhouses
can be quite spacious and can cost less to buy and maintain.
LINK OR CARRIAGE HOME:
Houses joined by garages or carports which provide access to the front
and back yards. The main difference between this type of housing and
semi-detached homes is that link homes do not share a living space
walls. Builders sometimes join basement walls so that link houses
appear to be single-family homes on small lots. These houses provide
more privacy than a semi-detached home and can be less expensive than
single family detached homes. If affordability, privacy and space is
important to you, consider a link home!
CONDOMINIUM OR CONDO:
can be high-rise residential buildings, townhouse complexes,
individual house and low-rise residential buildings. Condominium refers
to a form of land ownership, where each individual owner holds title to
a specific unit as well owing a share of common property, as opposed to
a style of construction. Depending on the size and style, they have
shared common amenities and exterior (typically refereed to as common
elements) and are often reasonably priced. One of the many
advantages of owing a condominium is the lack of maintenance as common
areas of the condo building and exterior is maintained by the
condominium's corporation instead of the condo owner. So if you're
looking for a reasonably-priced property with little or no maintenance
and many other amenities (sometimes including fitness centres, swimming
pools and party rooms), than condominium is the right home for you!
Note: Condominiums are also known as stratas in British Columbia or syndicates of co-ownership in Quebec.
MANUFACTURED HOME OR MOBILE HOME:
is type of prefabricated housing with a permanent wheeled chassis
attached to ensure the initial and continued transportability of the
home. A manufactured home is factory build single-family home that is
transported to your chosen
location and placed on surface-mounted foundation. The term
manufactured home has actually replaced the term "mobile home".
Also a type of factory built houses that consist of multiple sections
called modules and constructed in compliance with local
building codes. They do not have axles or frame. The modular home is
typically shipped to your location by flat-bed trucks in two
or more sections. It may or may not have a longitudinal sub-frame.
of your choice, the bottom line is that owning a home is the
best way to assure the happiness and well-being of you and your family.
A home gives a family room to grow, and room to prosper.