Residential
Residential refers to a type of property that is designed or used for living purposes. It is one of the three main types of real estate, the others being commercial and industrial. Residential properties can include single-family homes, multi-family buildings, condominiums, co-ops, townhouses, and other types of living arrangements.
Types of Residential Properties[edit | edit source]
Single-Family Homes[edit | edit source]
A single-family home is a standalone structure that houses one family. It is the most common type of residential property. These homes can vary greatly in size, design, and price.
Multi-Family Buildings[edit | edit source]
Multi-family buildings are structures that are designed to house more than one family. These can include duplexes, triplexes, and apartments.
Condominiums[edit | edit source]
A condominium, or condo, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate.
Co-ops[edit | edit source]
A co-op is a type of residential property where residents own shares in the building rather than owning their individual units.
Townhouses[edit | edit source]
A townhouse is a type of terraced housing. They are often multi-story structures that share one or two walls with adjacent properties.
Residential Real Estate Market[edit | edit source]
The residential real estate market involves the buying, selling, and renting of residential properties. It is influenced by factors such as interest rates, the economy, and consumer confidence.
See Also[edit | edit source]
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