RESIDENTIAL: Bungalow, Townhouse, Cottage, Condo, Chalet, Duplex, Triplex and Fourplex
The home-buying process can seem incredibly stressful, regardless of whether you’re a first-timer or a seasoned veteran. Fortunately, you can find a real estate broker who’s willing to do a lot of the grunt work for you. Excellence Brokers took the time to create a list of some of the best real estate practices in the industry.
A residential building is a multi-residential space contained in a single structure where dwellers may rent or own their residences.
A residential building has basically:
All of these functions can either be in shared rooms or spaces or have exclusive rooms per function. This depends on the type of residential building it is.
Some types of residential buildings include:
Townhouse – A townhouse, townhome, or town house as used in North America, Asia, Australia, South Africa and parts of Europe, is a type of terraced housing. A modern townhouse is often one with a small footprint on multiple floors.
Condo in Canada and USA
Condo – A condo or condominium is a single building or a community of buildings with separate units owned by individual residents. Condos can vary in size or style, ranging from individual homes to high-rises. Condo means you own everything inside the walls of your unit but each individual unit has a separate owner and the common areas are jointly owned. The title under which an apartment in such a building is owned.
Duplex – Duplex, triplex, and fourplex – A residential building unit on two or three floors with connected by stair often with one main entrance on the ground floor.
Residential Property Appraisals
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