Single-Family Home
This is your classic standalone house.
- No shared walls with neighbors
- Usually includes a yard and private driveway/garage
- Owner is responsible for all maintenance, inside and out
- Often located in neighborhoods with or without an HOA
Great for: privacy, space, and flexibility.
Townhome
A multi-level home that shares at least one wall with another unit.
- Usually two stories, often with a small yard or patio
- You own the interior and exterior, but an HOA typically maintains shared areas (like landscaping or parking)
- Often part of a planned community with amenities
Great for: low exterior maintenance, but more privacy than a condo.
Condo (Condominium)
You own the interior walls and space, but the building and land are shared with others.
- Typically found in multi-unit buildings
- The HOA handles exterior maintenance, landscaping, and common areas (like pools, gyms, etc.)
- Monthly fees can be higher, but so is convenience
Great for: low-maintenance living and walkable locations.
Duplex / Multi-Family
One building divided into two or more units — can be owner-occupied or an investment.
- You can live in one unit and rent out the other(s)
- Separate entrances and often separate utilities
- Some qualify for residential loans, even though they generate income
Great for: house-hacking, rental income, or multigenerational living.
Manufactured / Mobile Home
A factory-built home placed on land (owned or rented).
- Can be placed on permanent foundations or in mobile home parks
- Financing and appreciation can differ from traditional homes
- Often more affordable, but check zoning and loan eligibility
Great for: budget-conscious buyers or rural landowners.