Being English could you explain the meanings to the following words - Condo, Twnhm, Apt, Single family home, Multi family home Thank you

Asked by Dantesprincess, Marblehead, MA Sun Aug 14, 2011

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Louis Wolfs…, Agent, Needham, MA
Sun Aug 14, 2011
A condo is a form of ownership, is short for the word condominium, it can be a free standing home, an attached home or a multi story building with individual units, sometimes an apartment complex (a rental unit) that has been converted to individual unit ownership.

A Townhouse is a mulit story property attached or free standing that consist typically of a 1st and 2nd floor at a minimum.

Aparatment is not a form of ownership but a rental orf a studio (no bedrooms) 1,2,3,4, etc bedroom property.

Multi family home, in the north east usally consist of a duplex (side by side) decker (one on top of another) from 2 units to 4 seperate rental units, above that it becomes an apartment.

Single family home is just that, One structure that is individually owned.
1 vote
Terryanne St…, Agent, Salem MA 01970, MA
Sat Feb 18, 2012
A condominium is part of an association of condominiums but you own the particular unit , space you are in. A townhome is generally an attached two or more story condominium, it indicates there is more than one level within the unit and they often, but not always, have a private entry. Single family is most often a free standing home that contains only one residential unit. A multi- family is any dwelling which contains two or more residential units.
0 votes
Mack McCoy, Agent, Seattle, WA
Sun Aug 14, 2011
DP, maybe this will help.

Here, we think of flats and apartments as being interchangeable terms, even though some apartments are on more than one level. We use the term "apartment" when it is to let, and "condo" or "co-op" when it is to own. We also call them "units." The other fellows have explained condo ownership well. A multi-family property will be divided into apartments.

Townhomes, to us, are simply multi-level homes with at least one attached wall. Row houses are a good example. The idea is that you live in the entire structure.

Property ownership in the US is almost always in fee. Co-ops are a different thing, they are typically apartment buildings, the owners are shareholders in a corporation and have a "proprietary" lease that enables them to occupy an apartment.

Hope we've helped!
0 votes
Louis Wolfs…, Agent, Needham, MA
Sun Aug 14, 2011
You do not necessarily have the shared expenses Joseph said below.

Each condominiums master deed and its by-laws state what is to be shared and what is the unit owners responsibility of that particular property.

For expample a 2 family home that has been converted into 2 condominiums, each unit most likely is responsible for all their own utilites, lawn and snow. The only thing they could have in common is the master insurance policy.

Ask your buyers agent, what you should expect in a particular property. Also you and your attorney should review and approve the condominum documents, by-laws and the budget as part of your offering/p&s phase.
0 votes
jim smoe, , Boston, MA
Sun Aug 14, 2011
Hi ,
Condominium .. means unit in a complex that shares expenses... water, maintenance..etx..

single Home... Is a free standing home

email me for more questions. Joe@diamondjoesells.com

thanks
0 votes
Richard Shap…, , Framingham, MA
Sun Aug 14, 2011
Condo and townhome might be used interchangeably. Both refer to a condominium style of ownership where you own your unit but are also part of an association that owns the common areas. Further as a condo/townhome owner your ownership on the association wll be a percentage based on your unit size relative to the other owners. Condos generally have a common entrance. Townhomes would refer to a unit with it's own entrance.

Apartment is similar to a condo in building style.

Single family is a one unit home on a lot of land.

Multiple family is a home with several living units. Common in ma is a multi with 2-4 units.
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