RESIDENTIAL PROPERTIES
Residential properties encompass all forms of real estate primarily intended for living purposes, providing shelter and accommodation for individuals and families. These properties include a wide range of housing types such as single-family homes, multi-family residences, condominiums, mobile homes, and apartments.
Residential real estate represents a substantial segment of the overall real estate market and often constitutes the most significant investment individuals make in their lifetime.
Types of Residential Properties
Single-Family Homes:
Standalone, detached structures designed to house one family. These homes typically include a private kitchen, bathroom, and utility connections.
Multi-Family Homes:
Buildings designed to accommodate multiple separate households, such as duplexes, triplexes, and quadplexes. Each unit typically has its own entrance, kitchen, and utilities.
Condominiums (Condos):
Individually owned units within a larger residential building or complex. Condo owners often share access to common areas and amenities, such as gyms, pools, or parking garages.
Mobile Homes:
Factory-built single-family dwellings constructed on a permanent chassis. These homes are transported to a designated site and can be placed in mobile home parks or on privately owned land.
Apartments:
Rental units located within larger residential buildings. Apartments are typically leased rather than owned and may include access to shared facilities and services.