Housing

Condominium

Condominiums (also called “condos”) are a    type of ownership rather than a type of home. Most commonly, condos exist in multi-unit buildings. These buildings might consist of only a handful of units or they could be high-rise towers. The idea is that you own the condo unit, but not the rest of the    building or the land. You pay monthly fees to a condo corporation that     handles maintenance and repairs as required. Condominiums are attractive    to first-time homebuyers because they are usually one of the less expensive options.

Townhouse

A townhouse is a home attached side by side to a series of other homes.       Each unit has its own outside entrance but shares a common wall.

Semi-detached

Semi-detached homes have separate land and separate entrances but share      a common wall and sometimes common parking. Owners are responsible        for their side of the property.

Single/Detached

A single/detached home is free-standing. You own the land and the home. Because you are responsible for all related costs yourself, it tends to be            the most expensive type of housing. The benefit is that you have more         space and more control.

Duplex/Triplex

A duplex/triplex looks like a single home but has been reconfigured into   multiple units. One individual typically owns the property and the         additional units are rented out.