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A single-family home is a standalone house built for one family. Duplexes, apartments, townhouses, etc., are not considered single-family homes because they share a wall. You’re likely to find a single-family home in suburban and rural areas.
A multi-family home could be a large apartment complex or a simple duplex. What makes it a “multi-family home” is that the structure includes more than one living space with separate entrances for privacy and to provide a specific living space for each family or group.
A duplex is a small building with connected homes that have separate entrances on a single property, and share a wall. Each side of the home is considered a duplex. Duplexes typically look like a house with two front doors, sometimes split between floors, or split down the middle of the building.
Townhouses are typically multi-floor attached single-family homes that share a wall with adjacent properties, and are arranged in small groups, or rows. Townhouses are individually owned, with an HOA that maintains to the common areas.
Like a duplex, twin homes are two homes in one structure. Each side of the home can look exactly the same or be completely different, but unlike a duplex, twin homes have separate lots and owners. Home owners are responsible for the insurance & maintenance on their side of the lot.
Manufactured homes & mobile homes are regulated by HUD. The difference between manufactured and mobile homes is the date they were built. The homes can be moved from site to site on large vehicles, and sometimes are designed to stay in a mobile home park even though they are mobile.
* Real Estate investment Examples: Sample pics from listings we SOLD…
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