Liban Construction
Residential properties are real estate properties that are designed for people to live in. These properties are not used for commercial or industrial purposes. Instead, they serve as private dwellings for individuals, families, or households. Here are some common types of residential properties.
When investing in residential real estate, factors like location, neighborhood quality, proximity to amenities, and potential for future growth are crucial considerations. It's also important to be aware of local zoning regulations, property management, and maintenance costs. Consulting with a real estate professional or financial advisor can be very helpful when navigating the residential real estate market.
“Better to have a messy home and happy children than a perfect yard and unhappy children.”
These are standalone houses designed for one family to live in. They can range from small cottages to large estates.
Multi-unit buildings where individual units are rented out to separate households. Apartments can range from small studios to large, multi-bedroom units.
These are individually owned units within a larger building or complex. Condo owners typically share common areas and amenities.
These are typically multi-level homes that share walls with neighboring units. They offer a balance between the privacy of a single-family home and the amenities of a condo complex.
In a co-op, residents do not own individual units, but rather, they own shares in the cooperative corporation which owns the entire property. This allows them to occupy a specific unit.
These are homes that can be moved, although they are often located in dedicated mobile home parks. They are usually less expensive than traditional homes.
These properties contain separate living units for multiple families. Duplexes have two units, triplexes have three, and so on.
These are properties purchased for recreational use, such as a beach house, cabin in the mountains, or a home in a tourist destination.