Location
• Region: Specific place in the world, country, state, county that YOU live in. Many reasons for choosing this place:
• Climate, Family, Job, etc
• Community: regions that are subdivided in towns, cities, rural areas
• Ex: Charlotte—Matthews---Meck. County
Multifamily Housing:
• Structures that provide housing for more than one family.
• These structures always have a common wall
Penthouse
• Suites located at top of a high-rise apartment building. Usually found in LARGE cities
Garden Apartment
• Usually a one-story unit with landscaped grounds. Usually has amenities such as pool, club house, tennis, laundry facilities. Can be a large or small complex
Efficiency Apartment
• Has ONE main room that serves as living room and bedroom
• Small kitchen and bath• 483 square feet in NYC
Cooperative
• Refers to ownership in which people buy SHARES of stock in a building and this entitles them to “buy” the unit in which they live.
• Although no ones “owns” their specific unit, they own stock in the whole property.
• Tenants vote to allow people into the building and vote on issues pertaining to the building
• 115 E Park Ave
Condominiums
• Ownership in which the buyer owns individual space and interest in the common areas.
• Must follow the HOA (Homeowners Association) in regards to the exterior of unit, all yards, and other common areas.
• Can make NO changes unless approved by HOA
Attached Housing
• Designed for one household but shares a common wall
• Duplex: 2 units
• Triplex: 3 units
• Quadplex: 4 units
Townhouse
• Attached housing with at least 2 floors
Custom Built
• A home that is designed by an architect and built by a contractor to meet the needs of an individual family.
• With a custom built home, the home is unique and there are seldom two that are alike.
• These homes are more costly than other homes and often takes longer to build.
Owner Built
• The building of this home is supervised by the owner.
• Owner built homes require knowledge and lots of personal time and energy.
• The owner does not necessarily do their own work, but hires the individual team of workers.
Factory Built
• Factory-built homes are constructed in parts or are fully finished in a plant/factory.
• These usually cost less and take less time to construct.
Modular Homes
• Modular homes are built in boxes/rooms and shipped to the building site.
• The “boxes” are then assembled onto a foundation to form a house.
Manufactured Homes
• These homes are completely built in a factory or plant and pulled to the lot on wheels.
• The wheels may be removed and the home placed on a foundation to meet local codes.
Stick Built
• A “stick-built” home constructed on the lot using some factory-built components such as precut items and kits (roofs and walls framing)
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