When it comes time to find a home for you and your family, you are faced with a number of decisions. There are just a host of options to choose from, and if you don’t catch yourself you will be overwhelmed and no closer to the home of your dreams. Before you start your search, consider exploring the different categories to determine the type of home that makes the most sense for you. Once you sift through the categories, you can more easily craft a path for your search.
Single Family Detached
A single-family home is what you typically think of when you think of a house. It is detached and stands alone. With a single-family home, you have free reign over most, if not all, decisions about the exterior and interior of your home. This includes the yard, the exterior style and even parking on the property. You will also typically have a yard with a single-family home. If you have young children and prefer to have more control over decisions for your home, a single family detached home may be a good fit for you.
A townhome is much like a single-family home except that it shares at least one wall with another unit. In many cases with a townhome you still get a yard, but it is typically not as large. Unlike most single-family homes, with townhomes you will usually get community amenities like tennis courts and swimming pools. Keep in mind that purchasing a townhome is likely a less expensive option than a single-family home. But it will also depreciate more quickly than a single-family home. A townhome might be a good option for you if you don’t want to pay the price of a single-family home but want similar benefits.
A condominium, better known as a condo, more resembles an apartment. Condos also come in the form of lofts, high-rises and townhomes. Buyers don’t always think of condos when considering ownership because of the style, but there are some interesting benefits to owning a condo. Buying a condo means you are only responsible for the interior of the home, which also means you only have control over the interior of the home. Additionally with a condo, you are required to pay homeowner’s association dues to cover things like maintenance, lawn service and other miscellaneous items. If you prefer not to deal with yard work and other exterior concerns, then a condominium might be worth exploring.
Choosing a home really comes down to your preference and your needs. While this list narrows down home options into three categories, there are still plenty of options for a home within the three major categories. When you’re ready to advance from planning to searching, contact an agent at 123 My New Home to help you find your dream home, in the right neighborhood, and in your desired monthly payment range.