HOME CLASSIFICATIONS
You might be searching for your first home right now, or maybe a new investment property. But did you check to see, what types of homes, you were considering to buy? And what are their pros and cons? Learn all about the different Types of Homes and Home Styles.
You probably have noticed, there is a lot of terminology, that describe house designs and structures. If you knew this terminology, it can help you find the home you’re looking for much faster. Also, it can help you prepare for any issues, that are common with certain structures, when it’s time for a home inspection. And knowing the terminology, helps understand the benefits associated with certain home types.
First, we need to understand the difference between two home classifications: types of homes or type of structure, and the style of the home. The type of structure, refers to the building itself, like a single-family home or a condo. Meanwhile, the style is about the architectural features and design, like coastal, Mediterranean and contemporary.
So let’s learn about the most popular home types and home styles.
TYPES OF HOMES
Condominiums
A condominium is technically an apartment that you own. You still share common spaces, amenities, and other resources, and pay condo fees, which cover maintenance costs, amenities, the upkeep of common spaces, gym facilities and/or pool but with all the perks comes the downside of less privacy and freedom. Condos are actually a great option, if you’re retired and want something less upkeep.
Condotel (Condo-hotel)
A residential development that allows individual unit owners to rent to short-term guests as if it were a hotel property. These properties will have a check-in desk, and many other amenities found in a traditional hotel. You can definitely use these as an investment (rental) property. Myrtle Beach area has many buildings along the Carolina coast with oceanfront and ocean view condotels to choose from. It’s always a good idea to check the return on income report before you buy. Such properties may be harder to finance as they are considered non warrantable, but not impossible. Therefore, do check with your agent and consult your lender on what would be the optimal option for you.
Townhomes
A townhome is an individually owned dwelling that has its own entrance from the street and shares at least one wall with another unit. They typically make use of vertical space with multiple stories but save horizontal space by sitting side by side with other homes. Although they are often more affordable than single-family homes, they offer less privacy and less freedom to change the exterior. Sometimes, they share the amenities among a collection of townhouses. You can use them as an investment (rental) property as well. Just make sure you check with the HOA to find out whether it is possible to do short or long term rent.
Single family homes
Single-family homes, or you can also call them detached simply because they’re completely detached from other housing units. On average, single-family homes usually cost more to maintain and own, but are private, and there are more options for personalization, barring any HOA requirements. If you’re a big family, living in a house may be for you. For big families, living in a house can grant each member some privacy. Many houses provide large kitchens and living rooms for family time. And usually a bigger yard for your pets to enjoy.
Duplex
A duplex is a free-standing structure divided into two, connected, single-family units. And is considered a multi-family home. The units can be side-by-side or stacked on top of each other. Another distinct feature for duplex buildings, is they have two separate entrances for each unit. If you’re buying a duplex as an investment, it is a good idea. Although, there’s no definitive data to support whether duplex homes appreciate faster than other properties. But generally, they do help maximize rental income and minimize expenses since you could have at least one income-producing unit at any time.
Manufactured homes (Mobile Homes)
It is the Department of Housing and Urban Development (HUD) that regulate manufactured homes and mobile homes. The only difference between the two types of homes is the build date. According to HUD, a factory-built home prior to June 15, 1976 is a mobile home, while one built after June 15, 1976 is a manufactured home. Usually, the construction company builds the home in a factory, then they take it to the property where they set it up on a metal frame or a crawlspace or basement. Sometimes have tie downs in place of a permanent foundation.
The average single-wide mobile home measures between 14-18 feet in width. There are some exceptions to this rule, as manufacturers can offer different dimensions for homeowners. Meanwhile, most double-wide mobile homes will come with a width between 20 and 32 feet. This gives the residents more space to add extra bedrooms. Some will have a carport or even a garage structure built.
Modular homes
Unlike any other types of homes, modular homes are often delivered in 2 or more pieces, then the pieces are assembled together like a LEGO® construction! Typically on crawl spaces. Contrary to the general misconception, they look like traditional “stick-built” homes in both size and features. Actually, there is practically nothing you cannot do with a modular home. The modular home building process could give home buyers a low risk alternative to obtaining their dream home, while also potentially saving thousands of dollars.
HOME STYLES
Different buildings can have different styles depending on area, time and architects design. The following are the most popular in the South Carolinas.
Plantation Style
Plantation homes used to be the mansions of the South. They started in the 17th pre war Colonial era. The name uses the word plantation not farm, simply because the primary focus was the production of cash crops on a vast acreage like cotton, rice, fruits and tobacco.
These homes are not only grand in scale for the sake of having space alone but actually also housed numerous family members and staff. Key features include classical Greek columns and an expansive front porch and balcony. If you like symmetry, tradition, and a classic Southern look, this style is for you.
Charleston Single House
The iconic look is perfect for narrow lots. In fact, when the city’s first streets were laid out in 1680, residential lots were long and deep but had little street frontage. Therefore, building the house sideways made the best use of space.
Traditionally, Charleston homes feature narrow rooms that go along the length of the house and boast impressive covered front porches. Nearly every Charleston single house features a distinct piazza with an entrance facing the street.
Lowcountry Cottage Style
They feature a simple rectangular structure with plenty of shaded, outdoor living on wrap-around porches. Key design elements include an open floor plan with a large entryway and parlor, a side-gabled or hip roof, and French doors. Typically, these homes are elevated for the tidal region.
Craftsman Beach Cottage
Features a large, shady front porch with tapered columns. These homes also have a low-pitched, gabled roof. It can be a wonderful beach design, smaller home, or foundation of something larger.
Coastal Style Beach Home
The contemporary coastal South Carolina beach house, is not a traditional style itself. However, they frequently borrow elements from some of those listed earlier. Coastal style beach homes are always raised. While rectangular structures are common, there are unlimited architectural choices for those looking to add something unique and original.