Diane Kelly - KELLER WILLIAMS REALTY / Metropolitan



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If you’re looking for a new home you are probably searching for a specific category. While residential properties come in many different types, sometimes it’s difficult to differentiate them. Once you learn more about the terminology, you might find that you can broaden or narrow your home search. This can yield better results and more options in price, location and more. Here we will break down the 5 categories of residential properties to help your home search.

Single-Family Home

A single-family home is the most common category of residential property. Single-family homes are defined by having their own individual lot and no shared walls with other residences. Houses of all shapes and sizes qualify as single-family homes as long as they follow these same criteria, even if extremely close together on lots with no yard space.

Multi-Family Home

A multi-family home is a single-family home split into two or more separate units. The most common examples of multi-family homes are called duplexes or triplexes with two and three units, respectively. Most multi-family homes have separate entrances for each side and at least one shared wall. They are relatively uncommon compared to other types of residential property but very popular choices for income properties and for multi-generational families.

Condominium

Condominiums (condos for short) are individual units in one large building or group of buildings. Condos share at least one wall with other units and usually have a community management body or homeowners’ association (HOA). The homeowners’ association requires an additional fee to help pay for upkeep and access to any public areas or amenities. While you can own an individual condo, you don’t own the building itself.

Townhome

Townhomes can be very similar to both condos and single-family homes. In fact, you can think of them as a combination of the two. The major defining factors for townhomes are that they have at least one shared wall, separate entrances and multiple floors. Most townhomes have individual garages or parking and outdoor spaces like decks patios. Typically townhomes are fewer units per building and more square footage than condos. You can buy and own an individual townhome though you will be very close to your neighbor.

Co-Op

A co-op, short for cooperative, is a multi-unit building that all the residents own together. This means that while everybody has their own unit of living space, everybody shares responsibility for the upkeep of the entire building. Co-ops often have shared spaces for residents to enjoy and usually promote a strong sense of social community among the residents. It’s very common for there to be an interview or other additional steps to apply before you can buy in to the co-op.

What About Rentals?

Except for co-ops, you may find all the above categories of residential property available for rent. Apartments are the most common type of residential rental and compare closely to condominiums. However, apartments are smaller and rarely have an HOA. Otherwise, you can expect to encounter the same terminology in your rental search.

These are all terms that multiple listing services use and therefore most consider them standard. There is always a chance for different vocabulary based on your location, so it’s a good idea to consult a real estate agent if you need help. Once you become familiar with the definitions for residential properties, you will be able to make much more informed choices as well as broaden or narrow your home search to fit your preference.


This Single-Family in Manchester, NH recently sold for $230,000. This Ranch style home was sold by Diane Kelly - KELLER WILLIAMS REALTY / Metropolitan.


127 Talbot Street, Manchester, NH 03109

Single-Family

$228,500
Price
$230,000
Sale Price

4
Bedrooms
7
Rooms
2
Baths
Ranch on a corner lot with 4 bedrooms and master w/ bath, modern living room with built ins , upgraded kitchen new appliances, light and bright, chair rail molding in dining room, full bath with tile surround, newer windows, and storm doors. Driveway is generous and can hold 4-6 vehicles. Move in condition, and a quick close. Come view your new home!!!!





25 Heald Street, Goffstown, NH 03102

Single-Family

$245,000
Price

3
Bedrooms
7
Rooms
1
Baths
This solid home has so much to offer. It sits on a .26 acre corner lot, with a huge fully fenced front yard and a large side yard with raised garden beds, shed and a big gazebo surrounded by a vinyl privacy fence. Youll enjoy gathering your family and friends here for BBQs! Relax with a cup of coffee or a glass of wine on the oversized farmers porch. The bright white kitchen has brand new granite counters, lots of cabinets and counter space and a tile floor. Off the kitchen is the mud entry with washer/dryer. Spacious dining and living rooms. Theres a large 1st floor room with double closet that has been used as a master bedroom but could also be a family room, den, office or a game room. There are 2 more bedrooms on the 2nd floor and a 3rd room which could be a future bathroom or a small bedroom. This home is well cared for, clean and freshly painted throughout. Public water & sewer. Vinyl siding and windows. Very convenient location walk to Pinardville or St Anselm College, just minutes to Goffstown Village, Bedford, Downtown Manchester, Rte 101, Everett Tpke and Rte 293. Easy to see! Come take a look before its gone!
Open House
No scheduled Open Houses




This Single-Family in Goffstown, NH recently sold for $415,000. This Colonial style home was sold by Diane Kelly - KELLER WILLIAMS REALTY / Metropolitan.


45 Acorn Drive, Goffstown, NH 03045

Single-Family

$399,900
Price
$415,000
Sale Price

3
Bedrooms
7
Rooms
2/1
Full/Half Baths
The home you've been waiting for!!! Idyllic setting for this traditional Colonial at the end of a quiet cul-de-sac surrounded by woods! Spacious kitchen with lots of counter space open to 4-season room off back of the house and living room with wood burning fireplace makes this home perfect for entertaining and family gatherings! Additional 1st floor flex space could be den, office or formal dining room depending on your needs. 2nd floor offers 2 spacious bedrooms, a full bath and a Terrific Master Suite - walk in closet, spacious whirlpool tub and separate shower. This home has been meticulously cared for and upgraded - including: New top of the line heating system, newer roof, beautiful upgraded composite deck, 12-zone lawn irrigation, portable generator hook-up and so much more! Don't miss out - this home will sell QUICKLY!!




This Single-Family in Auburn, NH recently sold for $295,000. This style home was sold by Diane Kelly - KELLER WILLIAMS REALTY / Metropolitan.


57 Oaktree Road, Auburn, NH 03032

Single-Family

$290,000
Price
$295,000
Sale Price

3
Bedrooms
5
Rooms
1
Baths
Sit on your porch and enjoy your morning coffee while the sun rises over the lake during the summer or winter. Ranch has 3 bedrooms, 1 bath, some views of Massabesic lake. Great room features gas fireplace, Mitsubishi split for heating and air~conditioning, overlooking level lot, patio and fire pit. Kitchen has large island, plenty of seating, granite countertop, skylight for natural lighting. Large heated oversize 2 car garage with plenty of storage. More photos to come.






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