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Residential Property Types

Here, we try to give you a complete, list of different types of residential properties, that will help you with good property descriptions, increase your property sales and avoid legal suits from clients.

Please note that residential houses have numerous descriptions based on either, architectural styles or house types by form or structure. But it is safer to describe your residential property according to type a commonly understood

A proper and correct description of a residential property is one of the cardinal tenets of real estate professionalism. 

A wrong description is always considered misleading especially if the client never gets the chance to personally visit the property for inspection, and because the description is an essential term to the validity of your real estate sale.

Single Family Homes Detached

Single Family Homes-Detached stands completely alone in a single lot, not connected by wall to another house. They offer a lot more privacy and a lot of space, which is often not offered in other homes. These homes also come with front and back yards and create good places for families owth children  to play about

Single Family Home Attached

Single Family Homes Attached are houses in the same property lot but connected togerther by single seaparting walls, a common example are rental houses.
They only offer privacy while inside the house, the compound lots are normally small, shared having manly the front yard.
 

Bungalow

A bungalow is a small, square, single-story home with front porch, but it is not uncommon to see very large bungalows.. The single floor is raised up with front steps leading up to the porch. Often there’s a single dormer window built into a pitched roof in the attic. a It may be made ofeither single-storey or has a second storey built into a sloping roof (usually with dormer windows), and may be surrounded by wide verandas. The interior of a bungalow is very efficient with space as closets are small and there are usually built-in cabinets and shelving. Their smaller size makes them ideal for couples, singles, and those who want to downsize their lives.

Condominium

A condominium or condo is a large property complex divided into individual units and sold. Ownership usually includes a nonexclusive interest in certain “community property” controlled by the condominium management.
Each unit purchased and not rented, with each owner holding title to the residence, whether it’s in a high-rise building or a separate building.
Condos share a wall or two with other units, residents are required to pay monthly or yearly dues, or they can own the entire unit with a condominium title They are popular in urban, high-density areas, where there are many restaurants and shops.
 
 

Duplex Homes

A duplex house is a residential building constructed on two floors. It has a single dining room and a single kitchen. It has a common central wall and consists of two living units, either side-by-side or on two floors, with separate entries. While there are two floors, it is sold together and owned by an individual. It may have separate entry points for both floors. Duplexes provide a similar living experience as you would find in a house. Many duplexes may come with a garage for parking and have an outdoor space, such as a patio or backyard. A duplex is a property on one lot. You can have duplexes that have different owners, but they have a condo ownership interest, meaning there is shared lot ownership.

Triplex Homes

A triplex consists of three individual dwelling units combined into one building, with the individual units sharing one or two common walls. Each unit of a triplex has its own kitchen, bathroom(s), living room, separate doors to the outside, and its own address or unit number. They can be condos or even multi-family homes.

A triplex is sold as one building, and the owner usually rents out all the units or lives in one unit and rents the other two (see house hacking). In some cases, a triplex owner can live in one unit and have family members live in the other units. Typically, however, a triplex is purchased for investment purposes: to earn rent money.

 
 

Quadplex Homes

A Fourplex or Quadplex is a multi-family home that provides four separate living spaces and entrances for four families. A Fourplex could be four-story houses having a complete apartment on each floor or side by side apartments on a single lot that share a wall. Fourplex apartments come in various floorplans, with the most desirable type being those in which the square footage of all the units closely match or are identical to each other. Fourplex apartments are usually like a single-family home and are favored by families due to their spacious interiors. Living in a Fourplex is a similar experience to living in a single-family home. A Fourplex provides more privacy than living in a traditional apartment building or apartment complex, however, it usually has fewer amenities than a Class A or Class B apartment.

Apartment

An apartment is a group of housing units in one building all owned by one entity. In other words, all the units are owned by one entity. The units are then rented out to tenants. These communities also offer amenities such as gyms, pools, party rooms tennis courts and other perks on site. The terms “flat,” “rental unit,” and “apartment” can be used interchangeably. Their use varies on regional differences. A flat is a British term, while a unit is the preferred term in Australia. North America usage favors the term “apartment,” although it is fairly common to hear the term “rental unit” by real estate brokers and landlords. Apartments also come in diffwerent types, there are garden apartments, loft apartments, penthouse, micro apartments and studio apartments, furnished or unfurnished and apartments categorized by the number of bedrooms, and so on.

 
 

Villa Homes

It’s a very expensive suite that is usually more than one story and has multiple bedrooms, a living room and a kitchen. It may alos be considered as a vacation property. A large, detached structure with spacious land surrounding it. It is very luxurious and may include amenities such as a pool, stables and gardens. A villa is generally home to a single family, in contrast to condos and townhomes that are designed to house multiple families. Villas are found in less populated areas while condos and townhomes are in more densely populated areas.

Townhouses

Townhouses are multi-floor homes that share one to two walls with adjacent properties but have their own entrances. In the suburbs, townhouses are often uniform homes built in a distinct community that may have its own homeowners’ association.. They are resdiental property found in the city. Townhouses can also be “stacked.” Such homes have multiple units vertically (typically two), normally each with its own private entrance from the street or at least from the outside. They can be side by side in a row of three or more, in which case they are sometimes referred to as row houses. Townhomes offer the best blend of city living and suburban privacy. 

 
 

Co-op

A housing cooperative or “co-op” is a type of residential housing option that is actually a corporation whereby the owners do not own their units outright. Instead, each resident is a shareholder in the corporation based in part on the relative size of the unit that they live in. A co-op is similar in physical appearance and function as a condo and apartment, but the financial and legal arrangement is different. With a co-op, each entity that buys in, doesn’t own a particular unit; instead they own a percentage of the building. The owners are akin to shareholders of the entire property and technically lease their unit from the co-op.

Farm House

A farmhouse is a building that serves as the primary residence in a rural or agricultural setting.

 
 

Mansion

Mansions houses are residences that have at least 8,000 – 20,000 square feet of floor space. Although size and the number of rooms play a part, other features define what a mansion is as well, Superlative building materials and finishes, Lavish grounds, Leisure space, Entertainment facilities.

Ranch House

Townhouses are multi-floor homes that share one to two walls with adjacent properties but have their own entrances. In the suburbs, townhouses are often uniform homes built in a distinct community that may have its own homeowners’ association.. They are resdiental property found in the city. Townhouses can also be “stacked.” Such homes have multiple units vertically (typically two), normally each with its own private entrance from the street or at least from the outside. They can be side by side in a row of three or more, in which case they are sometimes referred to as row houses. Townhomes offer the best blend of city living and suburban privacy. 

 
 

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