Page 8 - The Latest Homebuying Guide

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The type of houses you can choose from
So now that you are certain you need a new home, what will your
new home look like? How many beds and bathrooms? The type
of flooring? Will the kitchen countertop have marble or granite?
Do you want a place to socialize and host your guests? What about
a pool and a gazebo? These are all important questions to answer,
as you prepare for the next phase of getting your dream home.

The basics
One of the fundamental questions you need to answer when
buying a house is, “what type of social space will I be comfortable
with?” Do you mind sharing common space with others or are you
more comfortable with your family being on your own lot, sharing
only a fence? The answer to this question determines whether you
want a detached or an attached home.

Detached homes share only a fence with neighbors. Typically, you
will own the building and the lot, to which you may make
improvements or additions. If you live in a neighborhood with a
homeowner’s association, you may be affected by how much, and
what type of improvements you can make.

Attached homes usually share at least one structure wall on one
side. They may also share roofs, walls on both sides and or above.
You will generally share common spaces which may include
parking, amenities and areas outside of your home. Examples
include duplexes, triplexes, quadruplexes etc.
Townhomes belong to the family of attached homes. They are
independently-owned single family units that share one or more
walls with other units. They are usually in rows, typically two stories
tall with a shared roof.

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