Shop For A Home

Once you understand how much you can afford and have a real estate agent to help, you can begin house hunting. With the various types of homes available, it might be difficult to determine which type is best for you and your needs. Take into consideration your stage in life, desired features/benefits and how many improvements you're willing to make before moving in. Below is a brief overview of the most common types of homes to consider in your search for the perfect home.

 

Single-Family Home

Detached, free-standing housing structures or single unit that can have either one, two or three levels and does not share walls with any other homes. These types of homes can offer privacy but also require more maintenance than other types of homes.

Condominium (Condo)

Condominiums are individually owned homes that are attached to one another in a multi-unit building or housing structure and feature common areas such as fitness rooms and recreational areas. Condominiums belong to an association comprised of all the condo owners. The association determines monthly assessment fees as well as rules that govern the building. While there is less maintenance required condos tend to have less privacy than a single-family home.

Townhouse

A townhouse, also known as a townhome or row home, can have one, two or three levels and shares walls with other similar units. Townhomes offer privacy like single-family homes and may require less maintenance if an association is in place like condominiums.