| Homes can be grouped under various titles depending | | | | These are the traditional homes, given different names |
| on their designs, size, or arrangements. Each of these | | | | according to the size of dwelling. The biggest |
| home types has its own plus and minuses (also | | | | advantage of a traditional single family house over |
| depending upon its inhabitants). Following are some of | | | | apartment is that unlike the apartment, you own the |
| the most basic types of homes and their unique | | | | land as well. You can build more rooms or even new |
| characteristics. | | | | storey; whenever you want (however you must abide |
| Condos/Apartments/Flats | | | | by the local laws regarding the number of storey |
| Apartments can be regarded as the most economical | | | | allowed in a single family house). You can also rent |
| and easily available house in large metropolitans. An | | | | some portion while living in the other portion. While living |
| apartment is a relatively small residential unit | | | | in an apartment complex, you have to abide by the |
| (apartment complex typically has ten or more | | | | rules set by the owners association e.g. having no pets. |
| apartments in it). Large metropolitan cities have | | | | Quite obviously, you don't have to follow any such rule |
| thousands of apartments to accommodate an ever | | | | in a single family home. With liberty come some |
| increasing population. Condos and flats are two terms | | | | obligations though, for example you have to bear all |
| used to describe this type in different regions. There | | | | types of maintenance costs. Still, this is the best option |
| are some jointly owned properties like swimming pool, | | | | if you are looking to settle down and having the |
| parking or elevators. Apartments are considerably | | | | money to buy one. |
| small in size and the maintenance cost is relatively less | | | | Mobile Homes/Park Homes |
| than big homes, making them a good option for singles | | | | Unheard of, in some regions but mobile homes are |
| or couples without children, in contrast big families find it | | | | commonly used as a residence in Unites States. The |
| hard to adjust themselves in a small space. | | | | house is built in factory and then carried to the location |
| Apartments are a good option for investors as well; | | | | and installed. These are way cheaper than the |
| who can purchase off-plan apartments in big cities and | | | | conventional homes or even apartments; however |
| sell or rent them after some time, earning good yields | | | | they are vulnerable when it comes to security or |
| in the process. | | | | durability, which means they are not that suitable for |
| Single family House/cottage/Bungalow/Mansion/Villa | | | | longer lodging periods. |