These properties in the residential category, refer specifically to the multi-family housing and single-family homes in urban, suburban and rural areas as well. People are forced to buy real estate property through the residential category, in which many strive to be the owner.
Many believe this will bring financial stability and it can become an Agen Poker Online asset that includes a long-term investment. But, according to Robert Kiyosaki and his Rich Dad Poor Dad series, your house is a liability, not an asset, only if you have enough cash flow from the house then it will become an asset. He advocates that a house is an asset only if it puts money in your pocket and it is a liability when all it does is take money from your pocket. Although Robert Kiyosaki's principles are the fundamental life-altering in the perspective of financial education. It does not preclude the fact that many people want and long for home ownership, even when it is a responsibility. There are advantages and disadvantages of home ownership, but whatever choice you make be sure that if any debt taken out learn how the mortgage industry and the study of how it works.
Types of Residential Properties :
- Single-family Homes
This may include detached or attached, for example townhouses. These also perhaps are the most well-known and most used housing types for real property.
- Apartment Building
Or also known as multifamily units, allow many areas with a lot of people to obtain housing for people. These buildings are usually located in urban and suburban areas. It would be rare to see anything resembling an apartment building in a rural area. These buildings can also get security, clubhouse, laundry, parking, pool, gym, and in some cases a golf course. Many investors love multifamily units due to its limitation on risk, lack of competition, and ease of management. However, a high level of capital is usually required for this type of property investment.
The condo is similar to an apartment building, except in terms of ownership. When an apartment building is owned by a company or owner. Condominiums can be individually owned. These condos have a Home Ownership Association (HOA) or management that will be responsible for the general maintenance of the building. The condos are very much similar to apartment buildings, which shares common elements, such as elevators, security system, pool, tennis courts, and other amenities.
Read More : Types of Agricultural and Industrial Properties
Cooperative is a unique type of home ownership. Why is it? Because when an investor buys the property, you become a shareholder in a company that owns the real property. Each shareholder has the right to occupy a dwelling unit by shareholder's agreement. It is a pooling of cooperative members that earns its profits in the purchasing power by reducing the cost of services and maintenance of the members.
- Manufactured Housing
Or also known as factory-built homes, are built entirely from the factory, delivered to the location and installed. These Agen Poker houses are constructed under the supervision and administered by the US Department Housing and Urban Development (HUD). Before the June 15, 1976, this type of housing is known as a mobile home. These houses can be relatively low cost due to its assembly-line-type construction from its factories. But, the newer modern styles with more space are attracting buyers.
- Planning Unit Development (PUD)
A Planned Unit Development (PUD) also called master-planned community is a type of building development which may consist of any residence or can also be supported in its development with land uses, such as recreation, shopping centers or industrial parks . PUDs are planned by using special zoning ordinances. According to Agen Poker Terpercaya, the developments are allowed to maximize space by deducting lot sizes or street locations. In most PUDs, owners have full ownership of their buildings and homes, therefore, they are the sole responsibility for maintenance, however, the streets, sidewalks, pedestrian areas, parks, etc. They would be delegated to the homeowners association. In addition, PUD may include a small development or refer to an entire city planned out.
- Converted-Use Properties
These properties are buildings that are converted into residential use. In other words, the buildings can be stores, schools, churches and other buildings that have been renovated in residential property. In many situations, it is financial and economic structure to renovate the building instead of demolishing it. For example, a store can be renovated into an apartment complex or a warehouse can be renovated into a mall (business premises).
Tags : Residential, Properties, Home, Apartment, Buildings