Single Family Homes
Single family homes are often found in neighborhoods, these homes can have small yards. It is possible for people to create the home of their dreams when they construct a single-family home, because they are not restricted to what their neighbors want. These homes always sell for more than a condo or townhome, which may not be helpful for a purchase, but it is definitely a plus when it comes time to sell. The only downside to one of these residential construction homes is that they can cost a lot to maintain and the owner is responsible for all the costs.
Condominiums
Condominiums, or condos, are often found in cities, but they can be in smaller towns as well. Many homeowners prefer to own one of these residential construction homes, because they have lounge areas, pools, gyms, and many other amenities that single-family homes do not have. These types of residences often come with HOA fees, which are homeowner’s association fees, and they cover the costs of maintaining the pool, the hallways, and any other maintenance that is needed in the building or around the grounds. There are certain repairs that won’t be covered by the current HOAs, which means that owners are responsible for sharing the costs of those repairs.
Multi-Family Homes
These residential construction units are often used as an investment, which is why some contractors will build them to earn a little extra money for their own investments. If these units are rented out, the owner is responsible for the maintenance, and that is the reason why many people will rent them instead of purchasing them. The best part of these homes is that more than one generation can live in them yet have their own personal space at the same time.
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