Residential properties
Residential properties refer to real estate properties that are primarily designed and used as places of residence for individuals and families. These properties are meant for people to live in, as opposed to commercial properties, which are used for business or investment purposes.
01.
Single-Family Homes
These are standalone houses designed to accommodate one family or household. They typically have their own yard and offer privacy. Single-family homes come in various architectural styles and sizes, from small cottages to large estates.
02.
Condominiums (Condos)
Condos are individual units within a multi-unit building or complex. Condo owners typically own the interior of their unit while sharing ownership and responsibility for common areas like hallways, elevators, and amenities such as swimming pools or fitness centers.
03.
Apartments
Apartments are units within multi-unit residential buildings, often owned and managed by a property management company or landlord. Tenants rent apartments and may share common amenities with other tenants in the building.
04.
Townhouses
Townhouses are typically multi-story, attached homes that share walls with neighboring units. They offer a balance between single-family homes and apartments in terms of space and ownership structure.
05.
Cooperative Housing
In a housing cooperative, residents own shares in a corporation that owns the entire property. Instead of owning their units, residents have the right to occupy a specific unit and participate in the cooperative’s decision-making process.
06.
Mobile Homes
Mobile homes, also known as manufactured homes, are prefabricated houses that can be moved to different locations. They are often found in mobile home parks and offer a more affordable housing option.
07.
Duplexes
These are properties designed to accommodate multiple families, with separate living spaces for each. Duplexes have two units, while multi-family homes can have more.
08.
Vacation Homes
Vacation homes are residential properties owned by individuals or families for recreational purposes. They are often located in tourist destinations and used for vacations and getaways.
09.
Student Housing
These properties are specifically designed to accommodate college or university students. They can include dormitories, student apartments, or houses rented by groups of students.