What Type of Housing is Right for Me?
There are several options available to home buyers in terms of different types of residences available which can satisfy the specific housing needs of individual(s). It depends a lot upon what your housing requirements are like, including your budget, which will primarily determine what kind of home you're likely to reside in. It's worth checking out various home options offered in the housing market.
Single-family detached home
A single family home, at times also referred to as a "single-detached dwelling" or a "separate house" is an independent residential unit generally occupied by a single household or a family, and which usually has a front and a back yard, a driveway, and an attached garage or a carport. The walls of the unit are not shared with other neighboring residences. The plumbing and heating systems are independent too. Typically such homes are "residing islands" surrounded by a small or medium sized garden. Normally single family homes are subjected to Community Covenants and Restrictions (CC&R) rules and regulations.
Generally a duplex home is a type of residence in which two separate apartments, built for two unique families or households, are joined together by a common wall, and have separate entrances for each housing unit. Duplexes can include two storied households, with the housing units joined together by a common wall on the same floor, or by a floor/ceiling in case the units are situated one-above-the-other. Owing to the flexibility in constructing duplexes, the term "duplex" can be further extended to include three or four housing units, with each of the housing unit sharing some or the other resources in common. Such an arrangement can be termed as a "triplex", and a "fourplex" or a "quadruplex" accordingly.
A town home or a town house is generally a city oriented residential unit, with housing units typically arranged next to each other in a row. Modern town homes can be single or double storied, with or without a terrace depending upon the building preferences of the owner. The term "townhouse" or a "townhome" can refer to any type of residential unit which shares a certain portion of the building with other units, especially if the construction is single storied and there are no adjacent built up areas above or below the main housing unit.
A condominium, more popularly known as a "condo" is a type of home in which a certain portion of the residence is owned on an individual basis, while certain amenities or facilities such as hallways, heating systems, elevators, and exteriors are owned on a joint basis with other residing housing units. The shared resources are usually controlled by an association formed by the joint owners of adjoining homes. Each owner is liable to pay a certain amount in terms of the maintenance carried out for the shared resources.
The micro house is a relatively new housing concept which is becoming very popular amongst single or individual renters who generally don't need elaborate facilities and need residences that are small, easy to clean and maintain, and above all which are very easy to afford. Typically micro houses can be as small as 90 to 110 sq. ft. complete with a kitchen, bedroom(s), bathroom, and living quarters or space.
More and more people are opting for smaller houses which are easier to maintain, which are affordable and do not drain your financial resources. It's important to save money, but simultaneously it's also important to maintain your comfort levels. It's advised you consider the type of home which is most beneficial to you considering all important aspects such as the location of your home, its accessibility, the type and size of your house, and its worthiness.