The shelter is one of the most important things in this world to survive,
other than food and water. Wherever you go, you need a shelter that protects
you from harsh weather, animals and other adverse conditions.. Initially, there
were only a few types of homes in the name of shelter But now the modern
generation has come up with seven different types of homes. These homes are
based upon the size and requirement of families and it varies from
single-family homes to micro-lofts. Here is a brief summary of different
types of homes that are developed by modern civilization. Let’s dig in to know
more about them.
1. Single-family
homes
Single-family homes are also known as single-detached dwelling homes.
These homes are described as a single dwelling unit which has open space on all
the sides of the house. It also has direct access to the streets or the
main roads. Most of the single-family homes have garages. These homes gives
more privacy to the owners and is also free from property management fees.
2. Condominiums
and apartments
Condominiums are popularly known as condo and are quite similar to
apartments. The only difference between a condo and an apartment is that the
condos can be sold independently. Condominiums buildings have many units and
different units can be owned by a different owner. Whereas the units of
apartments are leased by their tenants. In other words, the units are owned by
a corporation and then they rent out the
units of apartments to individual people. Remember, if you are renting a
condominium, then your landlord is the owner of that unit and not a corporation. These dwelling homes can be found in
almost every metropolis around the world.
3. Townhomes
Townhomes are individual houses just like Single-family homes but
these homes are placed side-by-side. To put it differently, we can say that
these homes have either one or two walls that are shared by two adjacent homes.
Townhomes have access to multiple floors and have a personal parking garage.
The structure of townhomes can be quite large with multiple floors, therefore
it is also known as multiple storey buildings. These homes differ from country
to country.
Recommended Read: Four Ways for Millennials to Save Money for Their House
4. Duplexes
Duplexes are divided into two separate units and are constructed
either in the form of a townhome or an apartment. To put it another way, a duplex
has two units either connected side by side or one above the other. Therefore,
they are also known as semi-detached homes. Most of the times, the units of
duplexes are the mirror image of each other. Duplexes are said to produce higher
rental income and are cheaper than a single-family home.
5. Laneway Homes
Laneway homes are considered to be a part of single-detached homes. These
homes are smaller in size which is located in a backyard and opens up onto a back
lane. Laneway homes were started in Canada and are currently very popular in
Vancouver. As per Vancouver real estate market Laneway
was started as an eco-density initiative for increasing urban density in the pre-existing neighborhood. These are considered to be good investment but
sometimes it has an impact on privacy.
6. Coach
Homes
Coach Homes are constructed in a similar way to laneway homes. But
the difference is that a coach home can be graded and are typically larger than
the Laneway homes. However, it is also constructed as a part of single-family
homes and requires an area like a yard. Coach homes are considered to produce a
huge rental income for the landlords. These are priced at a reasonably low price,
making it an affordable option for the people.
7. Micro-Lofts
Micro-lofts are also known as micro-condos. It was introduced in
Vancouver in the year 2009, it requires an area up to 300 square feet, which
has the same size as that of a two standard parking stalls. They are a great
option for living in dense cities because they are quite affordable. Because of
its small size, it requires furniture that is space-saving like folding bed,
or two in one bed, etc. These micro-lofts are the smallest and most affordable
homes in the list of types of homes. However, they are quite stylish and modern
looking home.